Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 587

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 587
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88

Notes to Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 11.Shareholders’ (Deficit / Equity) As of June 30, 2024, the Group reports a shareholders’ deficit, reflecting a net negative equity position primarily driven by accumulated losses. The main concepts are detailed as follows: Share Capital The Company’s issued and fully paid share capital as of June 30, 2024, amounts to US$3,000, representing 30,000,000 registered common shares with a par value of US$0.0001 per share. Each common share carries one voting right. As of June 30, 2023, the capital of Heritas S.A.U. amounts to US$13,059, representing 1,250,000 registered common shares with a par value of AR$1 per share. Each common share carries one voting right. See Note 1 for details of the reorganization of Héritas S.A.U. into OmnigenicsAI Corp.

|               |     |         As of 
 June 30, 2024 |     |         As of 
 June 30, 2023 |
|:--------------|:----|--------------:|:----|--------------:|
| Share Capital |     |         3,000 |     |        13,059 |

Movements in Share Capital: A net adjustment of US$(10,059) was recorded to align share capital with restructuring measures approved by the Board on February 26, 2024. The reorganization, completed on February 26, 2024, involved Heritas Ltd., an exempted company organized under the laws of the Cayman Islands, contributing all the issued and outstanding shares in its subsidiary, Heritas SAU (“Heritas Argentina”), to OmnigenicsAI. As part of the reorganization, Heritas SAU, incorporated in Argentina, became a wholly owned subsidiary of OmnigenicsAI. In exchange for this contribution, OmnigenicsAI issued 30,000,000shares with a par value of US$0.0001 per share to Heritas Ltd., completing the reorganization and adjusting the share capital accordingly. This transaction is also described in Note 1. For purposes of presenting loss per share, the reorganization has been reflected as a deemed stock split, as if the 30,000,000shares were outstanding for all periods, so the loss per share was retroactively adjusted to reflect the shares outstanding as of June