Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 131

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 131
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 of the Argentine Peso, evidenced by significantly higher fuel, energy, and food prices, among other factors. Further, in response to the highest rate of inflation in 32 years, the previous Argentine government had increased its direct intervention in the economy, including through the implementation of regulation of market conditions, expropriations or nationalizations and price controls. The new administration seeks to implement significant policy changes, which may affect Argentine businesses in a significant and negative way in the short to medium term. Therefore, the inflation rate in Argentina and the government’s intervention in the economy may adversely affect our business. Further, according to data published by INDEC, the Consumer Price Index for the year 2023 reached 211.4% and that of January 2024 reached a monthly variation of 20.6%. If inflation remains high or continues to rise towards a hyperinflation, Argentina’s economy will continue to be negatively impacted, and our results of operations could be materially adversely affected. For more information on risks related to our operations in Argentina, see “ — Risks Related to Operating in Argentina.” In addition, broader adverse macroeconomic developments, including global inflation, slowing growth, rising interest rates, or recession, may adversely affect our business and financial condition. These developments have caused, and could in the future cause, disruptions and volatility in global financial markets and increased rates of default and bankruptcy, and negatively affect business and consumer spending. Adverse economic conditions have and may continue to increase the costs of operating our business, including vendor, supplier and workforce expenses, and may limit our access to capital or may significantly increase our cost of capital. Management continues to evaluate the impact of macroeconomic events, including inflation, on our business and our future plans and intends to take appropriate measures to help alleviate their impact, but there can be no assurance that these efforts will be successful. A weak or declining economy also could strain our suppliers, possibly resulting in supply disruption, or cause our customers to delay making payments for our services. A severe or prolonged economic downturn, such as the global financial crisis, could also reduce our ability to raise additional capital when needed on acceptable terms, if at all. Likewise, the capital and credit markets have been and may continue to be adversely affected by the Russian invasion of Ukraine, attacks in the Red Sea and the armed conflict in Palestine and Israel, the possibility of a wider regional or global conflict, and global sanctions imposed in response to the invasion. We cannot predict the future trajectory of these risks, including how the macroeconomic environment will evolve or