Company: APXIF
Filing Date: 2025-06-11
Form Type: 10-Q
Source: 0001213900-25-053185
Chunk: 1

Company: APx Acquisition Corp. I
Filing Date: 2025-06-11
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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; 200,000,000 shares authorized; 4,312,500 issued and outstanding as of March 31, 2025 and December 31, 2024 
     431  
     431 
  
    Class B ordinary shares - $0.0001 par value; 20,000,000 shares authorized, none issued and outstanding as of March 31, 2025 and December 31, 2024 
     —   
     —  
  
    Additional paid-in capital 
     —   
     —  
  
    Accumulated Deficit 
     (9,914,266) 
     (6,171,846)

    Total Shareholders’ Deficit 
     (9,913,835) 
     (6,171,415)

    TOTAL LIABILITIES, CLASS A ORDINARY SHARE SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT 
    $6,334,419  
    $6,268,945 

The accompanying notes
are an integral part of these unaudited condensed financial statements.

 1

APX ACQUISITION CORP.
I

UNAUDITED CONDENSED STATEMENTS
OF OPERATIONS

    For the   
    For the  

    Three Months
Ended  
    Three Months
Ended 

    March 31, 
2025  
    March 31, 
2024 
  
    Operating expenses 
    $351,503  
    $1,305,094 

    Loss from operations 
     (351,503) 
     (1,305,094)
  
    Other income (expense): 

    Interest earned on investments in Trust Account 
     65,522  
     813,333 
  
    Interest expense 
     (51,667) 
     —  
  
    Change in fair value of warrant liabilities 
     (3,339,250) 
     (1,757,500)

    Total Other Income (expense), net 
     (3,325,395) 
     (944,167)

    Net loss 
    $(3,676,898) 
    $(2,249,261)

    Weighted average shares outstanding of Class A ordinary shares, redeemable 
     520,056  
     5,597,624