Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 632

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 632
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 |   |     | $ |        11.50 |   |
| Stock price                            |        | $ |         9.99 |   |     | $ |        11.18 |   |
| Dividend yield                         |        |   |         0.00 | % |     |   |         0.00 | % |
| Expected term to maturity date         |        |   |         4.82 |   |     |   |         5.20 |   |
| Probability of a successful merger     |        |   |        90.00 | % |     |   |        90.00 | % |

The following table presents the changes in the fair value of the Level 3 and Level 2 warrant liabilities as of December 31, 2024, and December 31, 2023, respectively:

|                                                 |     | Private   
 Placement |         |
|:------------------------------------------------|:----|:----------|--------:|
| Fair value as of December 31, 2023              |     | $         | 447,500 |
| Change in valuation inputs or other assumptions |     |           | 268,500 |
| Fair value as of December 31, 2024              |     | $         | 716,000 |

____________ (1)Changes in valuation inputs or other assumptions are recognized in the change in fair value of warrant liabilities in the statements of operations.

F-89

APX ACQUISITION CORP. I
NOTES TO FINANCIAL STATEMENTS 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:

|                                                      |     | December 31, 
 2024         |           |     | December 31,