Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 2350

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 15
Chunk 2350
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 Ended December 31, 2023 
  
    Cash Flows from Operating Activities: 

    Net (loss) income 
    $(119,057) 
    $4,256,395 
  
    Adjustments to reconcile net income to net cash (used in) provided by operating activities: 

    Change in fair value of warrant liabilities 
     527,250  
     562,277 
  
    Interest earned on marketable securities held in trust 
     (3,278,038) 
     (4,320,595)
  
    Amortization of debt discount 
     -  
     82,345 
  
    Gain on settlement of debt 
     -  
     (117,373)
  
    Gain on settlement of trade payables 
     -  
     (878,886)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     -  
     137,500 
  
    Accrued interest receivable 
     221,505  
     295,982 
  
    Accounts payable and accrued expenses 
     1,894,045  
     1,056,716 
  
    Due to Related party 
     512  
     - 
  
    Net cash (used
    in) provided by operating activities 
     (753,783) 
     1,074,361 
  
    Cash Flows from Investing Activities: 

    Cash deposited in Trust Account 
     (1,379,739) 
     (2,000,000)
  
    Investment withdrawn from Trust Account 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