Company: APXIF
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065703
Chunk: 426

Company: APx Acquisition Corp. I
Filing Date: 2025-07-18
Form: F-4/A
Chunk 426
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 loan agreements with our shareholders. See “ Certain Company Relationships and Related Party Transactions — Related Party Loans.” These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company does not have sufficient financial resources to repay its obligations, make any payments in the form of dividends to its shareholders or fully implement its business plan. Without additional capital, the Company will not be able to remain in business. In addition to general working capital requirements, the Company expects to incur additional cash needs related to its strategic shift to a business -to-business-to-consumerdistribution model for its Rewell business line and to support the development and implementation of AI -poweredcustomer service agents by 2026. While the exact capital requirements for these initiatives are still being evaluated, management anticipates initial investments will be required to adapt and integrate the Rewell digital platform into the business -to-business-to-consumerdistribution channel, beginning with a pilot in Argentina, and scaling through the OmnigenicsAI distribution network. Moreover, immediately upon the closing of the proposed business combination, the Company will require financial resources. As shown in the “Sources and Uses” table included in this proxy statement/prospectus, the transaction will result in a significant increase in the Company’s liabilities without a commensurate increase in available cash. As a result, the combination will intensify the Company’s existing liquidity constraints and further limit its ability to fund ongoing operations unless additional capital is secured following the transaction. However, our management plans to continue to focus on raising the funds necessary to fully implement our business plan. Management believes that certain shareholders and/or investors will continue to advance the capital required to meet its financial obligations, based on historical precedent of ongoing financial support from major shareholders and related parties since inception. There is no assurance, however, that these investors and shareholders will continue to advance capital to the Company or that its business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise substantial doubts about the Company’s ability to continue as a going concern. The Company’s ability to generate cash is subject to its performance, general economic conditions, industry trends and other factors. To the extent that its existing cash and cash equivalents are insufficient to fund its future activities and cash needs, the Company may need to raise additional funds through public or private equity or debt financing. If the Company issues equity securities in order to raise additional funds, substantial dilution to existing shareholders may occur. If the Company raises cash through the issuance of indebtedness, they may be subject to