Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 455

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 455
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 information on the Business Combination, the Business Combination Agreement and related agreements, see “ The Business Combination,” “ The Business Combination Agreement” and “ Certain Agreements Related to the Business Combination.” Results of Operations Our entire activity from inception up to March31, 2025 was related to our formation and the IPO. Since the IPO, our activity has been limited to the evaluation of business combination candidates, and we will not be generating any operating revenues until the closing and completion of our initial business combination. We expect to generate small amounts of non -operatingincome in the form of interest income on cash and investments. We expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses. We expect our expenses to increase substantially after this period. For the three months ended March31, 2025, we had a net loss of $3,676,898 which was comprised of operating costs of $351,503. In this period, we incurred unrealized loss of $3,339,250 related to the change in fair value of warrants, interest income of $65,522 from investments in our Trust Account and interest expense of $51,667. For the three months ended March31, 2024, we had a net loss of $2,249,261, which was comprised of operating costs of $1,305,094. In this period, we incurred unrealized loss of $1,757,500 related to the change in fair value of warrants and interest income of $813,333 from investments in our Trust Account. The operating expenses were primarily due to fees to professionals such as the auditors, legal counsel and consultants, and insurance expenses. For the year ended December31, 2024, we reported a net loss of $119,057. This amount included operating costs of $2,612,483 and was offset by interest income of $3,056,533 from investments in our Trust Account. Additionally, it comprised an unrealized loss on fair value changes of warrants totaling $527,250 and interest expense amounting to $35,857. Our operating expenses were primarily attributed to consultancy and audit fees paid to professionals such as auditors and legal counsel as well as consultants and insurance expenses. For the year ended December31, 2023, we reported a net income of $4,256,395. This amount included operating costs of $1,744,855 and was offset by interest income of $