Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 234

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 234
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 deadline of May15, 2025, and did not file a Notification of Late Filing on Form 12b -25. Failure to file periodic and certain current reports with the SEC in a timely manner could subject APx to sanctions by the SEC and impact its operations, and the trading of its securities. APx not expect that its disclosure controls and procedures will prevent all errors and all instances of fraud. Disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the disclosure controls and procedures are met. Further, the design of disclosure controls and procedures must reflect the fact that there are resource constraints, and the benefits must be considered relative to their costs. Because of the inherent limitations in all disclosure controls and procedures, no evaluation of disclosure controls and procedures can provide absolute assurance that APx has detected all its control deficiencies and instances of fraud, if any. The design of disclosure controls and procedures also is based partly on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. The Chief Executive Officer and Chief Financial Officer of APx performed additional post -closingreview procedures including reviewing historical filings and consulting with subject matter experts related to the accounting for warrant liabilities. APx’s management has expended, and will continue to expend, a substantial amount of effort and resources for the remediation and improvement of it internal control over financial reporting. While APx has processes to properly identify and evaluate the appropriate accounting technical pronouncements and other literature for all significant or unusual transactions, APx has expended, and will continue to expend, a substantial amount of effort and resources to improve these processes to ensure that the nuances of such transactions are effectively evaluated in the context of the increasingly complex accounting standards. The elements of APx’s remediation plan can only be accomplished over time, and APx can offer no assurance that these initiatives will ultimately have the intended effects. In addition, as an emerging growth company, APx currently is not required to comply with Section 404 of the Sarbanes -OxleyAct. As a result, neither APx’s management nor an independent registered public accounting firm has performed an evaluation of APx’s internal control over financial reporting in accordance with the provisions of the Sarbanes -OxleyAct. APx cannot assure you that the measures it has taken to date, and actions it may take in the future, 96 will be sufficient to remediate the control