Company: APXIF
Filing Date: 2025-06-11
Form Type: 10-Q
Source: 0001213900-25-053185
Chunk: 117

Company: APx Acquisition Corp. I
Filing Date: 2025-06-11
Form: 10-Q
Item: Part I, Item 8
Chunk 117
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 Officer (“CODM”), who reviews the operating results for the Company as a whole
to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company
only has one operating segment. When evaluating the Company’s performance and making key decisions regarding resource allocation
the CODM reviews several key metrics, which include the following: 

    For the Three 
Months Ended 
March 31, 2025  
    For the Three 
Months Ended 
March 31, 2024 
  
    Operating expenses 
    $351,503  
     1,305,094 
  
    Interest earned on investments held in Trust Account 
    $65,522  
     813,333 

The key measures of segment profit or loss reviewed by our CODM are
interest earned on investments held in Trust Account and operating expenses. The CODM reviews interest earned on investments held in Trust
Account to measure and monitor shareholder value and determine the most effective strategy of investment with the Trust Account funds
while maintaining compliance with the trust agreement. Operating expenses are reviewed and monitored by the CODM to manage and forecast
cash to ensure enough capital is available to complete a business combination within the business combination period. The CODM also reviews
operating expenses to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.

NOTE 13. SUBSEQUENT EVENTS

The Company evaluated
events that have occurred after the balance sheet date up through the date the financial statements was issued. Based upon the review,
management did not identify, other than below, any subsequent events that would have required adjustment or disclosure in the financial
statements.

On May 8, 2025, Nasdaq
filed a Form 25-NSE in respect of APx’s units and warrants with the SEC, and the delisting of APx’s units and warrants became
effective on May 18, 2025.

 30

ITEM 2. MANAGEMENT’S DISCUSSION
AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

References to “we”,
“us”, “our” or the “Company” are to APx Acquisition Corp. I, except where the context requires otherwise.
References to our “management” or our “management team” refer to our officers and directors, and references to
the “Sponsor” refer to APx Cap Sponsor Group I, LLC, a Cayman Islands limited liability company. The following discussion
should be