Company: APXIF
Filing Date: 2025-06-11
Form Type: 10-Q
Source: 0001213900-25-053185
Chunk: 137

Company: APx Acquisition Corp. I
Filing Date: 2025-06-11
Form: 10-Q
Item: Part I, Item 8
Chunk 137
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 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.

Remediation Plan

The Chief Executive Officer
and Chief Financial Officer performed additional post-closing review procedures including reviewing historical filings and consulting
with subject matter experts related to the accounting for warrant liabilities. The Company’s management has expended, and will continue
to expend, a substantial amount of effort and resources for the remediation and improvement of our internal control over financial reporting.
While we have processes to properly identify and evaluate the appropriate accounting technical pronouncements and other literature for
all significant or unusual transactions, we have improved, and will continue 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 our remediation
plan can only be accomplished over time, and we can offer no assurance that these initiatives will ultimately have the intended effects.

Changes in Internal Control Over Financial
Reporting

Other than the matters
discussed above, there was no change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under
the Exchange Act) that occurred during the fiscal quarter ended March 31, 2025 that has materially affected, or is reasonably likely to
materially affect, our internal control over financial reporting.

 42

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

None.

ITEM 1A. RISK FACTORS.

There have been no material
changes with respect to the risk factors disclosed in our Annual Report on Form 10-K filed with the SEC.

Additional risks and
uncertainties not currently known to us or that we currently deem to be immaterial also may adversely affect our business, financial condition
and results of operations.

ITEM 2. UNREGISTERED SALES OF EQUITY
SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

Not applicable.

ITEM 5. OTHER INFORMATION.

During the quarter ended
March 31, 2025, none of our officers or directors adopted or terminated any contract, instruction or written plan for the purchase or
sale of securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-