Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 972

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 972
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, compensation committee
and nominating and corporate governance committee currently are composed solely of independent directors. Subject to phase-in rules,
the rules of Nasdaq and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised solely of independent
directors, and the rules of Nasdaq require that the compensation committee and the nominating and corporate governance committee of a
listed company be comprised solely of independent directors. Each committee operates under a charter that was approved by the Board and
has the composition and responsibilities described below. The charter of each committee is available on our website.

Audit Committee 

We have established an audit committee of the
Board. Fara Remtulla, Daniel Mudd and Thomas P.M. Barry serve as the members and Mr. Mudd serves as chair of the audit committee. The
members of our audit committee are “independent” under applicable Nasdaq listing standards and applicable SEC rules.

Each of Fara Remtulla, Daniel Mudd and Thomas
P.M. Barry are financially literate and our Board has determined that Daniel Mudd qualifies as an “audit committee financial expert”
as defined in applicable SEC rules and has accounting or related financial management expertise.

57

We have adopted an audit committee charter, which
details the purpose and principal functions of the audit committee, including:

●assisting
                                            board oversight of (1) the integrity of our financial statements, (2) our compliance with
                                            legal and regulatory requirements, (3) our independent registered public accounting firm’s
                                            qualifications and independence, and (4) the performance of our internal audit function and
                                            independent registered public accounting firm; the appointment, compensation, retention,
                                            replacement, and oversight of the work of the independent registered public accounting firm
                                            and any other independent registered public accounting firm engaged by us;

●pre-approving
                                            all audit and non-audit services to be provided by the independent registered public accounting
                                            firm or any other registered public accounting firm engaged by us, and establishing pre-approval
                                            policies and procedures; reviewing and discussing with the independent registered public
                                            accounting firm all relationships the registered public accounting firm has with us in order
                                            to evaluate their continued independence;

●setting
                                            clear policies for audit partner rotation in compliance with applicable laws and regulations;
                                            obtaining and reviewing a report, at least annually, from the independent registered public
                                            accounting firm describing (1) the independent auditor’s internal quality-control procedures
                                            and (2) any