Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 398

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 398
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 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. 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 use of cash is to fund its operations, investments in intangible assets, expenditures in property, plant and equipment, working capital requirements and repayment of debt obligations. As of June 30, 2024, the total indebtedness of the Company was $4,579,007, of which approximately 59.1% consisted of long -termloans with its shareholder and related parties. Cash and cash equivalents and short -terminvestments represented approximately 1.8% of the current portion of its debt. As of June 30, 2024, its cash and cash equivalents and short -terminvestments amounted to $41,727. For more information relating to the existing loan agreements with our shareholders. See “ Certain Company Relationships and Related Party Transactions — Related Party Loans.” These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company does not have sufficient financial resources to repay its obligations, make any payments in the form of dividends to its shareholders or fully implement its business plan. Without additional capital, the Company will not be able to remain in business. However, our management plans to continue to focus on raising the funds necessary to fully implement our business plan. Management believes that certain shareholders and/or investors will continue to advance the capital required to meet its financial obligations. There is no assurance, however, that these investors and shareholders will continue to advance capital to the Company or that its business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise substantial doubts about the Company’s ability to continue as a going concern. The Company’s ability to generate cash is subject to its performance, general economic conditions, industry trends and other factors. To the extent that its existing cash and cash equivalents are insufficient to fund its future activities and cash needs, the Company may need to raise additional funds through public or private equity or debt financing. If the Company issues equity securities in order to raise additional funds, substantial dilution to existing shareholders may occur. If the Company raises cash through the issuance of indebtedness, they may be subject to additional contractual restrictions on their business. The Company and the Company cannot assure the investor that it would