Company: APXIF
Filing Date: 2025-06-11
Form Type: 10-Q
Source: 0001213900-25-053185
Chunk: 0

Company: APx Acquisition Corp. I
Filing Date: 2025-06-11
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
Item 1. Financial Statements

APX ACQUISITION CORP.
I

CONDENSED BALANCE SHEETS

    March 31,
 2025  
    December 31, 
2024 

    (Unaudited)  

    ASSETS 

    Current assets 

    Cash 
    $72  
    $120 
  
    Accrued interest receivable 
     22,474  
     60,458 

    Total Current Assets 
     22,546  
     60,578 
  
    Non-current Investment held in Trust Account 
     6,311,873  
     6,208,367 

    TOTAL ASSETS 
    $6,334,419  
    $6,268,945 

    LIABILITIES, CLASS A ORDINARY SHARE SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT 

    Current liabilities 

    Accrued expenses and accounts payable 
    $2,266,609  
    $2,118,948 
  
    Notes payable 
     1,401,536  
     1,146,075  
  
    Convertible note payable 
     1,500,000  
     1,500,000 
  
    Due to Related Party 
     512  
     512  

    Total current liabilities 
     5,168,657  
     4,765,535 
  
    Warrant liabilities 
     4,745,250  
     1,406,000 

    Total Liabilities 
     9,913,907  
     6,171,535 

    Commitments and Contingencies (Note 7) 

    Class A ordinary shares; 520,056 shares subject to possible redemption as of March 31, 2025 and December 31, 2024, at redemption value outstanding 
     6,334,347  
     6,268,825 
  
    Shareholders’ Deficit 

    Preferred Stock - $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding as of March 31, 2025 and December 31, 2024 
     —   
     —  
  
    Class A ordinary shares - $0.0001 par value