Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 558

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 558
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 not occur, and potential subsequent dissolution as well as insufficient cash flows raises substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustment that might result from the outcome of this uncertainty. NOTE 2. REVISION TO PRIOR PERIOD FINANCIAL STATEMENTS The Company had been recording interest income related to the Trust account based on statements received indicating the receipt of cash into the account. And while the Company had recorded twelve months of interest income, this did not include the effect of period end accruals of interest earned but not received. This resulted in an understatement of current assets, Class A ordinary shares subject to possible redemption, and income at June 30, 2023. The Company evaluated the materiality of the error described above from a qualitative and quantitative perspective. Based on this evaluation, taking into account the guidance in the SEC Staff Accounting Bulletin No. 99, “Materiality”, (“SAB 99”) and SEC Staff Accounting Bulletin No. 108, “Considering the Effects of Prior Year Misstatements when F-42

NOTES TO CONDENSED UNAUDITED FINANCIAL STATEMENTS
June 30, 2024 NOTE 2. REVISION TO PRIOR PERIOD FINANCIAL STATEMENTS (cont.) Quantifying Misstatements in Current Year Financial Statements,” (“SAB 108”), the Company concluded that the correction would not be material to the financial position or results of operations for the three and six months ended June 30, 2023. The unaudited financial statements as of June 30, 2023, are revised as follows:

| Balance Sheet as of June 30, 2023                                                                  |     | As Previously 
 Reported      |            |     | Revisions |         |     | As Revised |            |
|:---------------------------------------------------------------------------------------------------|:----|:--------------|-----------:|:----|:----------|--------:|:----|:-----------|-----------:|
| Current assets                                                                                     |     |               |            |     |           |         |     |            |            |
| Accrued interest receivable                                                                        |     | $             |          — |     | $         | 286,385 |     | $          |    286,385 |
| Total Current Assets                                                                               |     |               |    154,352 |     |           | 286,385 |     |            |    440,737 |
| TOTAL ASSETS                                                                                       |     | $             |