Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 454

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 454
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 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 $4,024,613 from investments in our Trust Account. Additionally, it comprised one -timeadvisory fee income of $1,625,000; a gain on settlement of trade payables totaling $878,886; a gain on settlement of debt amounting to $117,373; an unrealized loss on fair value changes of warrants totaling $562,277; and interest expense amounting to $82,345. 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. Factors That May Adversely Affect our Results of Operations Our results of operations and our ability to complete an initial Business Combination may be adversely affected by various factors that could cause economic uncertainty and volatility in the financial markets, many of which are beyond our control. Our business could be impacted by, among other things, downturns in the financial markets or in economic conditions, increases in oil prices, inflation, increases in interest rates, supply chain disruptions, declines in consumer confidence and spending, public health considerations and geopolitical instability, such as the military conflicts in Ukraine and the Middle East. We cannot at this time predict the likelihood of one or more of the above events, their duration or magnitude or the extent to which they may negatively impact our business and our ability to complete an initial business combination. Liquidity and Capital Resources As of March31, 2025 the Company had $72 in its operating bank account, and a working capital deficit of $5,168,585, excluding accrued interest receivable as it is not available for working capital purposes. The Company’s liquidity needs up to March31, 2025 had been satisfied through a payment from APx Sponsor of $25,000 for the