Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 421

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 421
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 on discounted deferred checks in the capital market. The Company opted to discount deferred checks received from CIBIC at the bank to accelerate cash flow and avoid waiting for the maturity of the checks, which were originally due in 60 days. This decision allowed the Company to obtain cash earlier by paying a discount to the bank, which led to an increase in financial expenses related to interest charges in respect of these transactions. While this strategy improved liquidity and provided faster access to funds, the associated costs were reflected in the higher finance costs during the period. These increased finance costs reflect the Company’s ongoing financing arrangements with related parties, as well as the interest accrued from market -basedfinancing instruments such as the discounting of deferred checks. This approach to managing cash flow helped the company address short -termliquidity needs but resulted in higher financial expenses. Other financial results, net Other financial results increased by $1,734,573 from an expense of $236,224 in the year ended June 30, 2023, to $1,970,797 in the year ended June 30, 2024. The increase was primarily due to exchange rate differences from foreign currency -denominatedloans with shareholders and payments to foreign suppliers. These fluctuations were more significant in the current period, reflecting changes in exchange rates and their impact on the Company’s foreign currency obligations and payments. Net loss for the year Net loss for the year increased by $3,224,163, or 249.6%, from $1,291,932 in the year ended June 30, 2023, to $4,516,095 in the year ended June 30, 2024. The increase was primarily driven by (i) an increase in general and administrative expenses due to share -basedincentives granted to the Chief Executive Officer in the year ended June 30, 2024, to reflect the Company’s strategy to align executive compensation with long -termshareholder value creation, (ii) an increase in professional fees driven by transaction -relatedexpenses, specifically in respect of the Business Combination, and (iii) a significant increase in other financial results related to exchange rate differences from foreign currency -denominatedloans received from shareholders and related parties, which were amplified by currency fluctuations, impacting the valuation of these obligations and contributing to the overall net loss. 217 Liquidity and Capital Resources Overview Since the Company’s inception, it has funded its operations primarily with equity contributions from its shareholders and the sales of its products and services. Its principal