Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 1646

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9
Chunk 1646
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 has been identified as the Chief Executive 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: 

    December 31, 2024  
    December 31, 2023 
  
    Formation costs and other operating expenses 
    $2,612,483  
     1,744,855 
  
    Interest earned on investments held in Trust Account 
    $3,056,533  
     4,024,613 

The key
measures of segment profit or loss reviewed by our CODM are interest earned on investments held in Trust Account and formation costs and
other 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.
Formation costs and 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 formation costs and 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 what has already been disclosed as part of the financial statement footnotes, any subsequent
events that would have required adjustment or disclosure in the financial statements. 

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