Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 561

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 561
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mation of an initial business combination, the Company will recognize approximately $203,000 in compensation expense. Net Income Per Ordinary Share The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share”. Net income per share is computed by dividing net income by the weighted -averagenumber of ordinary shares outstanding during the periods. The Company has not considered the effect of the warrants sold in the Initial Public Offering and the Private Placement to purchase an aggregate of 17,575,000 of the Company’s Class A ordinary shares in the calculation of diluted income per share. The Company has two classes of shares, which are referred to as Class A ordinary shares and Class B ordinary shares. Income and losses are shared pro rata between the two classes of shares. The Company applies the two -classmethod in calculating earnings per share. The contractual formula utilized to calculate the redemption amount approximates fair value. The Class feature to redeem at fair value means that there is effectively only one class of stock. Changes in fair value are not considered a dividend for the purposes of the numerator in the earnings per share calculation. Net income per ordinary share is computed by dividing the pro rata net income between the redeemable shares and the non -redeemableshares by the weighted average number of ordinary shares outstanding for each of the periods. The calculation of diluted income per ordinary stock does not consider the effect of the warrants issued in connection with the Initial Public Offering since the exercise of the warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti -dilutive. F-45

NOTES TO CONDENSED UNAUDITED FINANCIAL STATEMENTS
June 30, 2024 NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except share amounts) for the three months ended June 30, 2024 and 2023:

| Basic and diluted net income per ordinary share       
 Numerator                                             |     | For the Three Months Ended 
 June 30,                   
 2024                       
 Class A                    
 Ordinary                   
 Shares,                    
 Redeemable                 |           |     | Class A          
 and B            
 Ordinary Shares, 
 Non-Redeemable   |           |     | 2023 (As Revised) 
 Class A           
 Ordinary          
 Shares,           
 Redeemable        |           |     | Class A        
 and B          
 Ordinary       
 Shares