Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 406

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 406
---
 managed via diversification of bank deposits and we only hold cash balances with major reputable and highly rated financial institutions. Foreign Currency Risk Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate as a result of changes in foreign exchange rates. We are exposed to foreign exchange risk arising from foreign currency transactions. We may have financial instruments denominated in currencies other than its functional currencies and are therefore exposed to foreign currency risk, as the value of the financial instruments denominated in other currencies will fluctuate due to changes in exchange rates. We do not hedge foreign currency exposure. Our management monitors and manages our foreign currency risk exposure position on an ongoing basis. Liquidity Risk Liquidity risk is the risk that we will encounter difficulty in meeting financial obligations due to shortage of funds. Our exposure to liquidity risk arises primarily from mismatches of the maturities of financial assets and liabilities. In order to manage our liquidity risk and ensure that there are adequate funds to meet our liquidity requirements in the short and longer terms, we monitor our risk to shortage of funds and regularly evaluate the maturity of both our financial liabilities and financial assets and projected cash flows from operations. As of June 30, 2024, the Company had current liabilities of $816,422, primarily consisting of borrowings and accounts payables. In the short term, our management plans to continue to focus on raising the funds necessary to fully implement our business plan. Our management believes that certain shareholders and/or investors will continue to advance the capital required to meet our financial obligations. There is no assurance, however, that these investors and shareholders will continue to advance capital to us or that our new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise substantial doubts about our ability to continue as a going concern. Material Weaknesses in our Internal Control We have identified material weaknesses in our internal control over financial reporting in respect of the Company. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis. A company’s internal control over financial reporting is a process designed by, or under the supervision of, a company’s principal executive and principal financial officers, or persons performing similar functions, and effected by a company’s board of directors, management and other personnel to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial