Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 422

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 422
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 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 which approximately 59.1% consisted of long -termloans with its shareholder and related parties. Cash and cash equivalents and short -terminvestments represented approximately 0.9% 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. In addition to general working capital requirements, the Company expects to incur additional cash needs related to its strategic shift to a business -to-business-to-consumerdistribution model for its Rewell business line and to support the development and implementation of AI -poweredcustomer service agents by 2026. While the exact capital requirements for these initiatives are still being evaluated, management anticipates initial investments will be required to adapt and integrate the Rewell digital platform into the business -to-business-to-consumerdistribution channel, beginning with a pilot in Argentina, and scaling through the OmnigenicsAI distribution network. Moreover, immediately upon the closing of the proposed business combination, the Company will require financial resources. As shown in the “Sources and Uses” table included in this proxy statement/prospectus, the transaction will result in a significant increase in the Company’s liabilities without a commensurate increase in available cash. As a result, the combination will intensify the Company’s existing liquidity constraints and