Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 352

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 352
---
 Investment withdrawn from Trust Account 
     60,856,059  
     121,866,147 
  
    Net cash provided by investing activities 
     59,476,320  
     119,866,147 
  
    Cash Flows from Financing Activities: 

    Proceeds received from promissory note, convertible 
     979,400  
     520,600 
  
    Proceeds received from promissory note 
     1,146,075  
     1,625,000 
  
    Repayment of promissory note 
        
     (1,625,000)
  
    Payments for redemption for class A common share 
     (60,856,059) 
     (121,866,147)
  
    Net cash used in financing activities 
     (58,730,584) 
     (121,345,547)
  
    Net Change in Cash 
     (8,047) 
     (405,039)
  
    Cash - Beginning of period 
     8,167  
     413,206 
  
    Cash - End of period 
    $120  
    $8,167 
  
    Non-cash investing and financing activities: 

    Conversion of class B to class A shares 
    $-  
    $431 
  
    Gain on settlement of related party payables 
    $-  
    $704,464 
  
    Remeasurement of Class A shares subject to possible redemption 
    $(4,436,272) 
    $6,024,612 

The accompanying notes are an integral part
of the financial statement.

F-6

APX ACQUISITION CORP. I 

NOTES TO FINANCIAL STATEMENTS 

NOTE 1. DESCRIPTION OF ORGANIZATION, AND BUSINESS OPERATIONS AND
GOING CONCERN 

APx Acquisition Corp. I (the “Company”)
is a blank check company incorporated in the Cayman Islands on May 13, 2021. The Company was formed for the purpose of effectuating a
merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or
more businesses (the “Business Combination”). The Company is an early stage and emerging growth company and, as such, the
Company is subject to all of the risks associated with early stage and emerging growth companies. 

As