Company: APXIF
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065703
Chunk: 676

Company: APx Acquisition Corp. I
Filing Date: 2025-07-18
Form: F-4/A
Chunk 676
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 and the Group has the intent and sufficient resources to complete development and either use or sell the asset. Costs capitalized includes materials, direct labor, overhead costs that are directly attributable to preparing the asset for its intended use, and any capitalized borrowing costs. All other development costs are expensed as incurred. When these criteria are not met, development costs are expensed as incurred. Subsequent to initial recognition, capitalized development costs are measured at cost, less accumulated amortization and accumulated impairment losses, if any. Intangible Assets subject to amortization are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The useful life of an asset is reviewed every year as required by IAS 38. See note 5 for further information. Intangible Assets in progress are tested for impairment each year. The key assumptions being made related to this impairment test are consistent with those indicated in Note 14 — Shared -basedincentives. Management’s estimates are based on available evidence, existing facts and circumstances, and reasonable and supportable assumptions used in cash flow projections. As a result, the financial statements do not include any adjustments that would reflect any potential inability of the Group to recover the recorded value of the aforementioned assets through the generation of sufficient future economic benefits. The principal assumptions employed are outlined below:

| Key assumption          |     | Management’s approach                                                                                                                                                                                                      |
| Discount rate           |     | The discount rate used ranges between 15% and 20%.                                                                                                                                                                         |
| Budgeted market share   |     | The projected revenue from the products has been estimated by management, based on market penetration data for comparable products and technologies and on future expectations of foreseen economic and market conditions. 
 The value assigned is consistent with external sources of information.                                                                                                                                                     |
| Budgeted product prices |     | The prices estimated in revenue projections are based on current and projected market prices for the products.                                                                                                             |
| Budgeted gross margin   |     | Based on past performance and management’s expectations for the future.                                                                                                                                                    |

2.7Leases Leases are recorded pursuant to IFRS 16. The Group leases a laboratory facility from related party (see Notes 6 and 20) and offices from a third party, both in Argentina. Contracts that grant the Group control over the use of a leased asset for a specified period of time in exchange for consideration are accounted for as leases. Upon initial recognition, the Group recognizes a liability at the present value of the balance of future lease payments (these payments do