Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 1689

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9A
Chunk 1689
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 and disclosures in the financial statements. Our audits
also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall
presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion. 

  /s/ Marcum LLP     Marcum LLP     We have served as the Company’s auditor since 2021.     Houston, Texas  March 31, 2025 

F-2

APX ACQUISITION CORP.
I 

BALANCE SHEETS

    December 31, 2024  
    December 31, 2023 
  
    ASSETS 

    Current assets 

    Cash 
    $120  
    $8,167 
  
    Prepaid expenses 
     -  
     - 
  
    Accrued interest receivable 
     60,458  
     281,963 
  
    Total Current Assets 
     60,578  
     290,130 
  
    Non-current Investment held in Trust Account 
     6,208,367  
     62,406,649 
  
    TOTAL ASSETS 
    $6,268,945  
    $62,696,779 
  
    LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT 

    Current liabilities  

    Accrued expenses and accounts payable 
    $2,118,948  
    $224,903 
  
    Notes payable 
     1,146,075  
     - 
  
    Convertible note payable 
     1,500,000  
     520,600 
  
    Due to Related Party 
     512  
     - 
  
    Total current liabilities 
     4,765,535  
     745,503 
  
    Warrant liabilities 
     1,406,000  
     878,750 
  
    Total Liabilities 
     6,171,535  
     1,624,253 
  
    Commitments and Contingencies (Note 7)  

    Class A ordinary shares –520,056 and 5,597,624 shares subject to possible redemption at $12.05 and $11.20 per share redemption value at December 31, 2024 and 2023, respectively 
     6