Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 560

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 560
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| Assets:                                   |     |     |       |   |              |     |   |              |
| Investments held in Trust Account –(1)    |     |   1 |       | $ |    6,208,367 |     | $ |   62,406,649 |
| Liabilities:                              |     |     |       |   |              |     |   |              |
| Warrant Liability – Public Warrants –(2)  |     | 3/1 |       | $ |      690,000 |     | $ |      431,250 |
| Warrant Liability – Private Warrants –(2) |     | 3/2 |       | $ |      716,000 |     | $ |      447,500 |

____________ (1)The fair value of the investments held in Trust Account approximates the carrying amount primarily due to the short -termnature. (2)Due to the suspension of trading of the public warrants in November 2024, the public and private warrants have been assessed as Level 3 as of December 31, 2024 as no directly or indirectly observable public warrant list price. Warrants The Warrants are accounted for as liabilities in accordance with ASC 815 -40and are presented within warrant liabilities on the Balance Sheet. The warrant liabilities are measured at fair value at inception and on a recurring basis, with changes in fair value presented within the statements of operations. Initial Measurement The Warrants were valued using a Binomial Lattice model -basedapproach, which is considered to be a Level 3 fair value measurement. The Binomial Lattice simulation model’s primary unobservable input utilized in determining the fair value of the Warrants is the expected volatility of the ordinary shares. The expected volatility as of the Initial Public Offering date was derived from observable public warrant pricing on comparable ‘blank -check’ companies without an identified target. For periods subsequent to the detachment of the Public Warrants from the Units, the close price of the Public Warrant price will be used as the fair value as of each relevant date. The key inputs into the Binomial Lattice simulation model for the Private Placement Warrants and Public Warrants were as follows at initial measurement:

| Inputs                  |     | December 9,   
 2021 (Initial 
 Measurement)  |       |   |
|:------------------------|:----|:--------------|------:|:--|
| Risk