Company: APXIF
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065703
Chunk: 169

Company: APx Acquisition Corp. I
Filing Date: 2025-07-18
Form: F-4/A
Chunk 169
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 net incomes, companies will now have to pay a fixed amount and a progressive rate over the surplus of the minimum base rate in their category. The reform also extends the 7% withholding tax on dividends for tax years beginning January 1, 2021 and thereafter. According to applicable law and if no additional tax reform is passed, for fiscal years beginning on or after January 1, 2021, subject to certain exceptions, 100% of the tax inflation adjustment (negative of positive) would be allocated by fiscal year. We cannot predict the future impact that the application of IAS 29 and the eventual application of the tax indexation procedure and related adjustments will have on our Argentine subsidiary’s financial statements or the effects on our business, results of operations and financial condition. Also, we cannot predict when the application of IAS 29 and the tax indexation will no longer be mandatory. Limited access of the Argentine government and the private sector to the international capital markets could adversely affect our financial condition. During recent years, the Argentine government and provinces have defaulted in the payment of their debt, which has limited their access as well as that of private companies to the international financial markets, or it has substantially increased their financing costs. Currently, the Argentine government has entered into facility agreements with the International Monetary Fund relating to an amount of approximately $36 billion. Further, on August 4, 2023, Argentina’s government and Qatar signed a loan agreement in the amount of $775 million in order to help Argentina repay $1.411 million owed to 62 the International Monetary Fund regarding previous loan facilities. In addition, on August 23, 2023, the Argentine Minister of Economy announced agreements with the World Bank and the Inter -AmericanDevelopment Bank by which Argentina will be granted a financing totaling $1,310 million. The funds will be destined to social, economic and infrastructure policies. On January 31, 2024, Argentina received its first disbursement from the International Monetary Fund of approximately $4.7 billion, of which Argentina will use almost half to meet its debt maturities with the International Monetary Fund. If the Argentine government defaults again on the payment of its sovereign debt or the measures adopted and to be adopted by the Argentine government to reduce the fiscal deficit, control inflation and stabilize the foreign exchange market are not effective, Argentina’s ability to obtain international or multilateral private financing or direct foreign investment may be limited, which may in turn impair its ability to implement reforms and public policies to foster economic growth, impair the