Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 667

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 667
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 US$465,546 for the years ended June 30, 2024 and 2023, respectively, were recognized as a capital contribution in Share Premium. See Note 20 Related Parties for further information. Going concern As of June 30, 2024 and 2023, the Group had a negative working capital amounting to US$1,255,369 and US$1,058.292, and a shareholders´ deficit of US$2,845,653 as of June 30, 2024. Additionally, the Group reported recurring operating losses amounting to US$3,979,735 and US$1,426,250, and negative operating cash flows amounting to US$1,885,895 and US$1,306,705 for the years ended June 30, 2024 and 2023, respectively. These conditions raise substantial doubt about the Group’s ability to continue as a going concern. The accompanying combined financial statements do not include any adjustments that might result from the outcome of this uncertainty. Currently, the Group lacks sufficient financial resources to meet its obligations, distribute dividends to its shareholders, or fully implement its business plan. Without securing additional capital, the Group will not be able to sustain its operations. Management has plans to address the Group’s financial situation as follows: In the near term, management plans to focus on raising the capital necessary to fully execute the Group’s business plan. Management believes that certain shareholders and/or investors will continue to provide the funding required to meet the Group’s financial obligations. However, there is no assurance that these investors and shareholders will continue to provide such capital or that Group’s future operations will generate profitability. The uncertainty surrounding the ability to secure additional funding and the potential for continued operational losses contribute to substantial doubt about the Group’s ability to continue as a going concern. Also see Note 1 about the restructuring of intercompany debt with Heritas Ltd. as an element of the BCA. The accompanying combined financial statements do not include any adjustments that may be required to address the potential impacts on the recoverability and classification of assets or the amounts and classifications liabilities, should the Group be unable to continue as a going concern. F-127 Notes to Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 1.The Group’s business, reorganization and general information (cont.) Argentine currency status and macroeconomic outlook Heritas S.A.U. operates in Argentina. The Argentine economy has been declared hyperinflationary as of July 1,