Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 423

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 423
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 further limit its ability to fund ongoing operations unless additional capital is secured following the transaction. 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, based on historical precedent of ongoing financial support from major shareholders and related parties since inception. 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 be able to raise additional funds on favorable terms or at all. See “ Risk Factors — Risks Related to our Business and Strategy — We may need additional capital, and any inability to obtain such additional capital and on acceptable terms may limit our ability to execute our business plan and our ability to develop and expand our operations.” 218

Statements of Cash Flows Presented below is a summary of the Company’s operating and financing cash flow:

|                                                               |     | For the six months ended 
             December 31, 
                     2024 |   |     |     2023 |   |     | For the year ended 
           June 30, 
               2024 |   |     |       2023 |   |
|:--------------------------------------------------------------|:----|-------------------------:|:--|:----|---------:|:--|:----|-------------------:|:--|:----|-----------:|:--|
|                                                               |     |         -in U.S. dollars |   |     |          |   |     |                    |   |     |            |   |
| Net cash used in operating activities                         |     |                 (816,433 | ) |     | (856,861 | ) |     |         (1