Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 2048

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 11
Chunk 2048
---
 
  
    Cash Flows from Investing Activities: 

    Cash deposited in Trust Account 
     (1,379,739) 
     (2,000,000)
  
    Investment withdrawn from Trust Account 
     60,856,059  
     121,866,147 
  
    Net cash provided by investing activities 
     59,476,320  
     119,866,147 
  
    Cash Flows from Financing Activities: 

    Proceeds received from promissory note, convertible 
     979,400  
     520,600 
  
    Proceeds received from promissory note 
     1,146,075  
     1,625,000 
  
    Repayment of promissory note 
        
     (1,625,000)
  
    Payments for redemption for class A common share 
     (60,856,059) 
     (121,866,147)
  
    Net cash used in financing activities 
     (58,730,584) 
     (121,345,547)
  
    Net Change in Cash 
     (8,047) 
     (405,039)
  
    Cash - Beginning of period 
     8,167  
     413,206 
  
    Cash - End of period 
    $120  
    $8,167 
  
    Non-cash investing and financing activities: 

    Conversion of class B to class A shares 
    $-  
    $431 
  
    Gain on settlement of related party payables 
    $-  
    $704,464 
  
    Remeasurement of Class A shares subject to possible redemption 
    $(4,436,272) 
    $6,024,612 

The accompanying notes are an integral part
of the financial statement.

F-6

APX ACQUISITION CORP. I 

NOTES TO FINANCIAL STATEMENTS 

NOTE 1. DESCRIPTION OF ORGANIZATION, AND BUSINESS OPERATIONS AND
GOING CONCERN 

APx Acquisition Corp. I (the “Company”)
is a blank check company incorporated in the Cayman Islands on May 13, 2021. The Company was formed for the purpose of effectuating a
merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or
more businesses (the