Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 2323

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 14
Chunk 2323
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 the Binomial Lattice Simulation Method. 

F-25

The key
inputs into the Binomial Lattice simulation model for the Private Placement Warrants are as follows at subsequent measurement: 

    Inputs 
    December 31, 2024  
    December 31, 2023 
  
    Risk-free interest rate 
     4.42% 
     3.88%
  
    Expected term (years) to exercise date 
     .33  
     .75 
  
    Expected volatility 
     1.11% 
     .55%
  
    Exercise price 
    $11.50  
    $11.50 
  
    Stock price 
    $9.99  
    $11.18 
  
    Dividend yield 
     0.00% 
     0.00%
  
    Expected term to maturity date 
     4.82  
     5.20 
  
    Probability of a successful merger 
     90.00% 
     90.00%

The following
table presents the changes in the fair value of the Level 3 and Level 2 warrant liabilities as of December 31, 2024, and December 31,
2023, respectively: 

    Private  Placement 
  
    Fair value as of December 31, 2023 
    $447,500 
  
    Change in valuation inputs or other assumptions 
     268,500 
  
    Fair value as of December 31, 2024 
    $716,000 

(1)Changes
in valuation inputs or other assumptions are recognized in the change in fair value of warrant liabilities in the statements of operations.

NOTE 12. SEGMENT REPORTING

ASC Topic
280, “Segment Reporting” establishes standards for companies to report in their financial statement information about operating
segments, products, services, geographic area, and major customers. Operating segments are defined as components of an enterprise for
which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or
group, in deciding how to allocate resources and access performance. 

The Company’s
chief operating decision maker has been identified as the Chief Executive Officer (“CODM”), who reviews the operating results
for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has
determined that the Company only has one operating segment. When evaluating the Company’s performance and making key decisions regarding
resource