Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 513

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 513
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 valued using a Monte Carlo simulation model -basedapproach, which is considered to be a Level 3 fair value measurement. The Monte Carlo simulation model’s primary unobservable input utilized in determining the fair value of the Warrants is the expected volatility of the ordinary shares. The expected volatility as of the Initial Public Offering date was derived from observable public warrant pricing on comparable ‘blank -check’ companies without an identified target. For periods subsequent to the detachment of the Public Warrants from the Units, the close price of the Public Warrant price will be used as the fair value as of each relevant date. The key inputs into the Monte Carlo simulation model for the Private Placement Warrants and Public Warrants were as follows at initial measurement:

| Inputs                  |     | December 9,  
 2021         
 (Initial     
 Measurement) |       |   |
|:------------------------|:----|:-------------|------:|:--|
| Risk-free interest rate |     |              |  1.26 | % |
| Expected term (years)   |     |              |   5.0 |   |
| Expected volatility     |     |              |  15.0 | % |
| Exercise price          |     | $            | 11.50 |   |
| Stock price             |     | $            |  9.59 |   |

F-29

NOTES TO CONDENSED UNAUDITED FINANCIAL STATEMENTS
June 30, 2024 NOTE 12. FAIR VALUE MEASUREMENTS (cont.) The Company’s use of a Monte Carlo simulation model required the use of subjective assumptions: •The risk -freeinterest rate assumption was based on the five -yearU.S. Treasury rate, which was commensurate with the contractual term of the Warrants, which expire on the earlier of (i) five years after the completion of the initial business combination and (ii) upon redemption or liquidation. An increase in the risk -freeinterest rate, in isolation, would result in an increase in the fair value measurement of the warrant liabilities and vice versa. •The expected term was determined to be five years, in -line with a typical equity investor assumed holding period •The expected volatility assumption was based on the implied volatility from a set of comparable publicly -tradedwarrants as determined based on the size and proximity of business combinations by similar special purpose acquisition companies. An increase in the expected volatility, in isolation, would result in an increase in the fair