Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 2206

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 13
Chunk 2206
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 the closing of the business combination.

On December 21, 2023, the Company received a
deficiency letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”).
The Letter notified the Company that since the Company had not yet filed its Quarterly Report on Form 10-Q for the quarter ended September
30, 2023, the Company does not comply with Nasdaq’s Listing Rule 5250(c)(1) relating to the Company’s obligation to file
periodic financial reports for continued listing. The Letter further stated that the Company has until February 19, 2024 to submit a
plan to regain compliance with respect to the delinquent reports. The Company subsequently filed its Quarterly Report on Form 10-Q for
the quarter ended September 30, 2023 within the cure period provided by Nasdaq within the Letter. 

On May 30, 2024, the Company received a
deficiency letter (the “Report Letter”) from the Listing qualifications Department of Nasdaq. The Report Letter notified
the Company that since the Company had not yet filed its Annual Report on Form 10-K for the year ended December 31, 2023,
and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, the Company does not comply with Nasdaq’s
Listing Rule 5250(c)(1) relating to the Company’s obligation to file periodic financial reports for continued listing. The Report
Letter further stated that the Company has until July 29, 2024, to submit a plan to regain compliance with respect to the delinquent
reports.

On July 24, 2024, the Company submitted
its plan to regain compliance with respect to its failure to timely file its Annual Report on Form 10-K for the year ended December 31,
2023, and the Quarterly Report on Form 10-Q  for the quarter ended March 31, 2024 (collectively the “Forms”).
The remediation plan entails filing of the Form in advance of September 27, 2024, which would be the expiration of the 180-day exception
period pursuant to Nasdaq Listing Rule 5810(c)(2)(F)(ii) as referenced in the Report Letter. On September 4, 2024, Nasdaq notified
the Company that it has been granted an extension to regain compliance with the above referenced requirements (and the requirement to