Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 401

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 401
---
, which arises principally from our accounts receivable and cash and cash equivalents. We mainly trade with recognized and creditworthy third parties. Trade receivables primarily relate to services provided to CIBIC under the commercialization agreement. Rewell customers pay in advance and therefore credit risk is mitigated. Receivable balances are monitored on an ongoing basis. As of June 30, 2024, and June 30, 2023, the Company had accounts receivable of $31,140 (of which, $18,056 from CIBIC, $4,351 from Meyer, $3,501 from Bioceres and $5,232 from others) and $308,318 (of which, $297,953 213 from CIBIC, $3,536 from Bioceres and $6,615 from others), respectively. The credit risk in respect of cash balances held with banks and deposits with banks are managed via diversification of bank deposits and we only hold cash balances with major reputable and highly rated financial institutions. Foreign Currency Risk Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate as a result of changes in foreign exchange rates. We are exposed to foreign exchange risk arising from foreign currency transactions. We may have financial instruments denominated in currencies other than its functional currencies and are therefore exposed to foreign currency risk, as the value of the financial instruments denominated in other currencies will fluctuate due to changes in exchange rates. We do not hedge foreign currency exposure. Our management monitors and manages our foreign currency risk exposure position on an ongoing basis. Liquidity Risk Liquidity risk is the risk that we will encounter difficulty in meeting financial obligations due to shortage of funds. Our exposure to liquidity risk arises primarily from mismatches of the maturities of financial assets and liabilities. In order to manage our liquidity risk and ensure that there are adequate funds to meet our liquidity requirements in the short and longer terms, we monitor our risk to shortage of funds and regularly evaluate the maturity of both our financial liabilities and financial assets and projected cash flows from operations. As of June 30, 2024, the Company had current liabilities of $816,422, primarily consisting of borrowings and accounts payables. In the short term, our management plans to continue to focus on raising the funds necessary to fully implement our business plan. Our management believes that certain shareholders and/or investors will continue to advance the capital required to meet our financial obligations. There is no assurance, however, that these