Management Change/Compensation - Form 8-K

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers, Compensatory Arrangements of Certain Officers.

On March 8, 2024, effective immediately, David Proman and Diego Dayenoff resigned as directors of APX Acquisition Corp. I (the "Company"). Each of Mr. Proman and Mr. Dayenoff informed the Company that their resignations were not the result of any disagreements on any matter related to the Company's operations, policies or practices.

On the same date, the Board appointed Daniel Mudd as a director of the Company. No family relationship exists between Mr. Mudd and any of the Company's directors or executive officers. There are no arrangements or understandings between Mr. Mudd and any other person pursuant to which Mr. Mudd was selected as an officer of the Company, nor are there any transactions to which the Company is or was a participant and in which Mr. Mudd had or will have a direct or indirect material interest subject to disclosure under Item 404(a) of Regulation S-K.