Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 92

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 92
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 Agreement. See the section entitled “ APx Board of Directors’ Reasons for the Approval of the Business Combination” for more information. Risk Factors In evaluating the proposals to be presented at the Special Meeting, a shareholder should carefully read this proxy statement/prospectus and especially consider the factors discussed in the section entitled “ Risk Factors.” Further, the Company has historically incurred significant losses: $1,322,306, $4,516,095 and $1,291,932 for the six months ended December31, 2024, and for the fiscal years ended June 30, 2024 and 2023, respectively. The Company has also recorded accumulated deficits of $8,263,789, $6,941,483 and $3,588,427 as of December31, 2024, June 30, 2024 and 2023, respectively. Additionally, the Company’s recurring cash outflows from operations amounted to $1,022,381, $1,885,895 and $1,306,705 for the six months ended December31, 2024 and for the years ended June 30, 2024 and 2023. The Company expects to continue to incur significant expenses and operating losses for the foreseeable future as we continue to expand research and development efforts, enhance our existing consumer products, services and business model, broaden its customer base, work with regulatory agencies, and hire additional employees to support our growth. Any future losses may have an adverse effect on our shareholders’ equity and working capital, which could negatively impact its operations and investments capacity. A failure to sustain or grow its revenue levels or obtain sufficient profitability levels may negatively affect its business, financial condition, results of operations and cash flows. In this context, the Company may need to raise additional capital in the future through share issuances, which could cause the market price of its shares to decline. These factors indicate that a material uncertainty exists that may cast significant doubt (or raise substantial doubt as contemplated by PCAOB standards) about the Company’s ability to continue as a going concern. The accompanying audited combined financial statements of the Company do not include any adjustments that might result from the outcome of this uncertainty. The Company believes that its performance and future success depends on several factors that present significant opportunities for growth but also pose risks and challenges, including those discussed below and in the section of this proxy statement/prospectus entitled “ Risk Factors — Risks Related to our Business and Strategy.” Recommendation of the APx Board APx believes that the