Company: APXIF
Filing Date: 2025-06-11
Form Type: 10-Q
Source: 0001213900-25-053185
Chunk: 43

Company: APx Acquisition Corp. I
Filing Date: 2025-06-11
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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42%
  
    Expected term (years) 
     0.42  
     0.33 
  
    Expected volatility 
     1.00% 
     1.11%
  
    Exercise price 
    $11.50  
    $11.50 
  
    Stock price 
    $10.21  
    $9.99 
  
    Dividend Yield 
     0.00% 
     0.00%
  
    Expected Term to Maturity Date 
     4.87  
     4.82 
  
    Probability of a successful merger 
     90.00% 
     90.00%

The following table presents
the changes in the fair value of the Level 3 warrant liabilities:

    Private Placement 
  
    Fair value as of December 31, 2024 
    $716,000 
  
    Change in valuation inputs or other assumptions 
     1,700,500 
  
     Fair value as of March 31, 2025 
     2,416,500 

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 allocation
the CODM reviews several key metrics, which include the following: 

    For the Three 
Months Ended 
March 31, 2025  
    For the Three 
Months Ended 
March 31, 2024 
  
    Operating expenses 
    $351,503  
     1,305,094 
  
    Interest earned on investments held in Trust Account 
    $65,522  
     813,333 

The key measures of segment profit or loss