Company: APXIF
Filing Date: 2025-06-11
Form Type: 10-Q
Source: 0001213900-25-053185
Chunk: 93

Company: APx Acquisition Corp. I
Filing Date: 2025-06-11
Form: 10-Q
Item: Part I, Item 8
Chunk 93
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 capacity to meet its needs through the earlier of the consummation
of a Business Combination or one year from this filing. Over this time period, the Company will be using these funds for paying existing
accounts payable, identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective
target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating
and consummating the Business Combination.

Risks and Uncertainties

The
military conflict that commenced in February 2022 by the Russian Federation in Ukraine and the surrounding region, and Hamas’ and
Iran’s Fall 2023 attack on Israel and the ensuing war, have created and are expected to create further global economic consequences,
including but not limited to the possibility of extreme volatility and disruptions in the financial markets, diminished liquidity and
credit availability, declines in consumer confidence, declines in economic growth, increases in inflation rates and uncertainty about
economic and political stability. Such global consequences may materially and adversely affect the Company’s ability to consummate
an initial Business Combination, or the operations of a target business with which the Company ultimately consummates an initial Business
Combination. In addition, the Company’s ability to consummate an initial Business Combination may be dependent on the ability to
raise equity and debt financing which may be impacted by these events, including as a result of increased market volatility, or decreased
market liquidity in third-party financing being unavailable on terms acceptable to the Company or at all. The impact of this action and
related sanctions on the global economy and the specific impact on the Company’s financial position, results of operations and/or
ability to consummate an initial Business Combination are not yet determinable. The financial statements do not include any adjustments
that might result from the outcome of these uncertainties.

 13

Going Concern Consideration

At
March 31, 2025 and December 31, 2024, the Company had $72 and $120 in operating cash and a working capital deficit of $5,168,585 and $4,765,415,
respectively, excluding Accrued interest receivable as it is not available for working capital purposes. The Company has incurred and
expects to continue to incur significant costs in pursuit of its financing and acquisition plans.

In
connection with the Company’s assessment of going concern considerations in accordance with Financial Accounting Standard Board’s
Account Standards Update (“ASU”) 2014-15, “Disclosure of Uncertainties about an Entity’s