Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 1551

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1551
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 isolation, would result in an increase in the fair value measurement of the warrant liabilities and vice versa.

●The
fair value of the Units, which each consist of one Class A ordinary share and one-half of one Public Warrant, represents the closing
price on the measurement date as observed from the ticker APXIU.

Subsequent Measurement

The Warrants
are measured at fair value on a recurring basis. At the subsequent measurement date of December 31, 2024, and 2023, the Private Placement
Warrants were fair valued using the Binomial Lattice Simulation Method. 

F-25

The key
inputs into the Binomial Lattice simulation model for the Private Placement Warrants are as follows at subsequent measurement: 

    Inputs 
    December 31, 2024  
    December 31, 2023 
  
    Risk-free interest rate 
     4.42% 
     3.88%
  
    Expected term (years) to exercise date 
     .33  
     .75 
  
    Expected volatility 
     1.11% 
     .55%
  
    Exercise price 
    $11.50  
    $11.50 
  
    Stock price 
    $9.99  
    $11.18 
  
    Dividend yield 
     0.00% 
     0.00%
  
    Expected term to maturity date 
     4.82  
     5.20 
  
    Probability of a successful merger 
     90.00% 
     90.00%

The following
table presents the changes in the fair value of the Level 3 and Level 2 warrant liabilities as of December 31, 2024, and December 31,
2023, respectively: 

    Private  Placement 
  
    Fair value as of December 31, 2023 
    $447,500 
  
    Change in valuation inputs or other assumptions 
     268,500 
  
    Fair value as of December 31, 2024 
    $716,000 

(1)Changes
in valuation inputs or other assumptions are recognized in the change in fair value of warrant liabilities in the statements of operations.

NOTE 12. SEGMENT REPORTING

ASC Topic
280, “Segment Reporting” establishes standards for companies to report in their financial statement information about operating
segments, products, services, geographic area, and major customers. Operating segments are defined as