Company: APXIF
Filing Date: 2025-06-11
Form Type: 10-Q
Source: 0001213900-25-053185
Chunk: 116

Company: APx Acquisition Corp. I
Filing Date: 2025-06-11
Form: 10-Q
Item: Part I, Item 8
Chunk 116
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 each consist of one Class A ordinary share and one-half of one Public Warrant, represents the closing price on the measurement date as observed from the ticker APXIU.

 29

Subsequent Measurement

The Warrants are measured
at fair value on a recurring basis. At the subsequent measurement dates of March 31, 2025 and December 31, 2024, the Warrants were fair
valued using the Binomial Lattice Simulation Method.

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

    Inputs 
    March 31, 2025  
    December 31, 2024 
  
    Risk-free interest rate 
     3.99% 
     4.42%
  
    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