Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 593

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 593
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 are categorized as level 3 inputs and are based on the following: •Fair Value per Share of Heritas Ltd.: Derived from a discounted cash flow (DCF) analysis. The Group estimates revenue growth, operating cost ratios, and changes in working capital. To account for the risks associated with an early -stagecompany, a start -uprisk premium has been added to the Company’s weighted average cost of capital (WACC). •Liquidity Event Date: Estimated based on projections of when a liquidity event, such as an initial public offering (IPO), is expected to occur. •Share Volatility: Estimated using market data from comparable companies within the same industry or of similar size. The Company has considered the following sensitivity analysis of the fair value of the share -basedincentives that was recorded in the year ended June30, 2024, evaluating the following changes in the key assumptions (and leaving all other variables constant): (a)a decrease of 100% in the share -basedincentives that was recorded in the year ended June30, 2024, if the closing of the BCA does not occur; (b)a decrease of 2% in the share -basedincentives that was recorded in the year ended June30, 2024, in the event that the BCA closes one month later than the expected date; (c)a decrease of 41% in the share -basedincentives that was recorded in the year ended June30, 2024, if the discount rate used to discount the flows (31,83%) increases by 20% (discount rate of 38,20%), and an increase of 79% in the shared -basedincentives, if the discount rate used to discount the flows decreases by 20% (discount rate of 25,47%); F-93

Notes to Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 14. Shared-based incentives (cont.) (d)an increase of 34% of the share -basedincentives that was recorded in the year ended June30, 2024, if the volume of sales units increases by 10% compared to the estimated values in each year, and a decrease of 34% of the shared -basedincentives if the volume of sales units decreases by 10% compared to the estimated values in each year; (e)an increase of 20% of the share -basedincentives that was recorded in the year