Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 1293

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 1293
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 Mudd serves as chair of the audit committee. The
members of our audit committee are “independent” under applicable Nasdaq listing standards and applicable SEC rules.

Each of Fara Remtulla, Daniel Mudd and Thomas
P.M. Barry are financially literate and our Board has determined that Daniel Mudd qualifies as an “audit committee financial expert”
as defined in applicable SEC rules and has accounting or related financial management expertise.

57

We have adopted an audit committee charter, which
details the purpose and principal functions of the audit committee, including:

●assisting
                                            board oversight of (1) the integrity of our financial statements, (2) our compliance with
                                            legal and regulatory requirements, (3) our independent registered public accounting firm’s
                                            qualifications and independence, and (4) the performance of our internal audit function and
                                            independent registered public accounting firm; the appointment, compensation, retention,
                                            replacement, and oversight of the work of the independent registered public accounting firm
                                            and any other independent registered public accounting firm engaged by us;

●pre-approving
                                            all audit and non-audit services to be provided by the independent registered public accounting
                                            firm or any other registered public accounting firm engaged by us, and establishing pre-approval
                                            policies and procedures; reviewing and discussing with the independent registered public
                                            accounting firm all relationships the registered public accounting firm has with us in order
                                            to evaluate their continued independence;

●setting
                                            clear policies for audit partner rotation in compliance with applicable laws and regulations;
                                            obtaining and reviewing a report, at least annually, from the independent registered public
                                            accounting firm describing (1) the independent auditor’s internal quality-control procedures
                                            and (2) any material issues raised by the most recent internal quality-control review, or
                                            peer review, of the independent registered public accounting firm, or by any inquiry or investigation
                                            by governmental or professional authorities, within the preceding five years respecting one
                                            or more independent audits carried out by the firm and any steps taken to deal with such
                                            issues;

●meeting
                                            to review and discuss our annual audited financial statements and quarterly financial statements
                                            with management and the independent registered public accounting firm, including reviewing
                                            our specific disclosures under “Management’s Discussion and Analysis of Financial
                                            Condition and Results of Operations”; reviewing and approving any related party transaction
                                            required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC prior
                                            to us entering into