Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 491

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 491
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 also no limit to the number of SAUs that a natural or legal person can establish. In terms of costs, if the shareholder is the sole director and the company’s accountant also serves as the statutory auditor, there is no significant increase in fees. While the law requires “permanent state supervision” (article 299, section 7 of the Argentine General Corporate Law), as long as corporate and accounting formalities are up to date, there should be no issues in complying with the specific rules of such supervision. The remaining requirements for a unipersonal corporation are relatively straightforward: like all corporations, it must be established through a public deed (article 165) with a minimum capital (article 186); the sole shareholder cannot be another unipersonal corporation (article 1); the company name must include the words “ Sociedad Anónima Unipersonal,” its abbreviation, or the acronym “S.A.U.” (article 164); and all capital contributions must be fully paid at the time of incorporation article 187). However, a SAU must also comply with additional obligations, such as maintaining a board of directors and a statutory audit committee, publishing assembly notices in the Official Gazette and a widely circulated newspaper and undergoing permanent state supervision. These requirements, while intended to ensure transparency and accountability, may impose significant costs and complexities, making the SAU structure less accessible for smaller businesses. It is important to note that, in practice, the flexibility in the structure of the board of directors and the audit committee may vary depending on the size and nature of the company. Substantially the Company’s assets are located outside the United States. In addition, a majority of the Company’s directors and officers are nationals or residents of jurisdictions other than the United States, and all or a substantial portion of their assets are located outside the United States. As a result, it may be difficult for investors to effect service of process within the United States upon the Company or these persons, or to bring an action against the Company or against these persons in the United States, in the event that you believe that your rights have been infringed under the securities laws of the United States or any state in the United States. It may also be difficult for you to enforce in U.S. courts judgments obtained in U.S. courts based on the civil liability provisions of the U.S. federal securities laws against the Company and its officers and directors. For a foreign judgment to be enforced in Argentina, it must meet specific requirements under article 517 of the Argentine National Civil and