Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 805

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 805
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 Value Measurement,”
approximates the carrying amounts represented in the accompanying balance sheet, primarily due to their short-term nature. 

The Company
applies ASC 820, which establishes a framework for measuring fair value and clarifies the definition of fair value within that framework.
ASC 820 defines fair value as an exit price, which is the price that would be received for an asset or paid to transfer a liability in
the Company’s principal or most advantageous market in an orderly transaction between market participants on the measurement date.
The fair value hierarchy established in ASC 820 generally requires entity to maximize the use of observable inputs and minimize the use
of unobservable inputs when measuring fair value. Observable inputs reflect the assumptions that market participants would use in pricing
the asset or liability and are developed based on market data obtained from sources independent of the reporting entity. Unobservable
inputs reflect the entity’ own assumptions based on market data and the entity’s judgments about the assumptions that market
participants would use in pricing the asset or liability and are to be developed based on the best information available in the circumstances.

Level 1-Assets
and liabilities with unadjusted, quoted prices listed on active market exchanges. Inputs to the fair value measurement are observable
inputs, such as quoted prices in active markets for identical assets or liabilities.

Level 2-Inputs
to the fair value measurement are determined using prices for recently traded assets and liabilities with similar underlying terms, as
well as direct or indirect observable inputs, such as interest rates and yield curves that are observable at commonly quoted intervals.

Level 3-Inputs
to the fair value measurement are unobservable inputs, such as estimates, assumptions, and valuation techniques when little or no market
data exists for the assets or liabilities. 

Offering Costs Associated
with the Initial Public Offering 

Offering
costs consisted of legal, accounting and other expenses incurred through the Initial Public Offering that were directly related to the
Initial Public Offering. Offering costs were allocated to the separable financial instruments issued in the Initial Public Offering based
on a relative fair value basis, compared to total proceeds received. Offering costs associated with warrant liabilities were expensed
as incurred in the condensed consolidated statements of operations. Offering costs associated with the Class A ordinary shares issued
were charged to temporary equity and warrants upon the completion of the Initial Public Offering. Offering costs amounting to $10,321,097
were charged to shareholders’ equity upon the completion of the Initial Public Offering and $465,166 were expensed as of the date