Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 153

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 153
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airment in the value of our intangible assets would negatively affect our results of operations and financial condition. We record intangible assets at fair value upon the acquisition of a business. Indefinite -livedintangible assets are evaluated for impairment annually, or more frequently if conditions warrant, by comparing the carrying value of a reporting unit to its estimated fair value. Intangible assets with definite lives are reviewed for impairment when events or circumstances indicate that their carrying value may not be recoverable. Declines in operating results, divestitures, 53 sustained market declines and other factors that impact the fair value of our reporting unit may in the future result in an impairment of intangible assets and, in turn, a charge to net income. Any future charges related to intangible assets may have a material adverse effect on our results of operations or financial condition. In addition, if we complete acquisitions in the future, this may result in additional goodwill and/or an increase in other intangible assets on our balance sheet. Goodwill represents the excess of amounts paid for acquiring businesses over the fair value of the net assets acquired. We are required annually, or as facts and circumstances exist, to assess other intangible assets to determine if impairment has occurred. If the testing performed indicates that impairment has occurred, we are required to record a non -cashimpairment charge for the difference between the carrying value of other intangible assets and the implied fair value of other intangible assets in the period the determination is made. We cannot accurately predict the amount and timing of any potential future impairment of assets. Should additional goodwill be recorded and the value other intangible assets become impaired, there could be a material adverse effect on our financial condition and results of operations. There can be no assurance that the Company’s securities that will be issued in connection with the Business Combination will be approved for listing on the Nasdaq or, if approved, will continue to be so listed following the closing of the Business Combination, or that the Company will be able to comply with the continued listing standards of Nasdaq. We intend to apply for the listing of the Company Shares and Company Warrants on Nasdaq. If Nasdaq denies our application for failure to meet the listing standards or if we subsequently do not satisfy any additional listing standards, we and our shareholders could face significant material adverse consequences including: •a limited availability of market quotations for our securities; •reduced liquidity for our securities; •a determination that the Company Shares are a “penny stock” which will require brokers trading in the Company Shares