Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 423

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 423
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 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. 218 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 December31, 2024, the total indebtedness of the Company was $5,420,074, of which approximately 62% consisted of long -termloans with its shareholder and related parties. Cash and cash equivalents and short -terminvestments represented approximately 0.2% of the current portion of its debt. As of December31, 2024, its cash and cash equivalents and short -terminvestments amounted to $4,638. As of June 30, 2024, the total indebtedness of the Company was $4,579,006, of