Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 2043

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 11
Chunk 2043
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 States) (“PCAOB”) and are required
to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations
of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB.
Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are
free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an
audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal
control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal
control over financial reporting. Accordingly, we express no such opinion. 

Our audits included performing procedures to assess the risks of material
misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such
procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits
also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall
presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion. 

  /s/ Marcum LLP     Marcum LLP     We have served as the Company’s auditor since 2021.     Houston, Texas  March 31, 2025 

F-2

APX ACQUISITION CORP.
I 

BALANCE SHEETS

    December 31, 2024  
    December 31, 2023 
  
    ASSETS 

    Current assets 

    Cash 
    $120  
    $8,167 
  
    Prepaid expenses 
     -  
     - 
  
    Accrued interest receivable 
     60,458  
     281,963 
  
    Total Current Assets 
     60,578  
     290,130 
  
    Non-current Investment held in Trust Account 
     6,208,367  
     62,406,649 
  
    TOTAL ASSETS 
    $6,268,945  
    $62,696,779 
  
    LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS