Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 129

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 129
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. In an inflationary environment, cost increases may materially outpace our expectations, causing us to use our cash and other liquid assets faster than forecasted. If this happens, we may need to raise additional capital to fund our operations, which may not be available in sufficient amounts or on reasonable terms, if at all, sooner than expected. Region -specificeconomic conditions may also negatively impact our business, as our main research and development laboratory is located in Argentina. Following the election of Javier Milei as President on November 19, 2023, his administration took office officially on December 10, 2023. Argentina’s economy has continued to face significant challenges. Implementing necessary measures to address these challenges may provoke dissent and unrest within the political and social spheres. Consequently, predicting the overall impact of these measures on the Argentine economy, financial standing and operational results is challenging. In recent years, Argentina has confronted inflationary pressures, including the depreciation of the Argentine Peso, evidenced by significantly higher fuel, energy, and food prices, among other factors. Further, in response to the highest rate of inflation in 32 years, the previous Argentine government had increased its direct intervention in the economy, including through the implementation of regulation of market conditions, expropriations or nationalizations 43 and price controls. The new administration seeks to implement significant policy changes, which may affect Argentine businesses in a significant and negative way in the short to medium term. Therefore, the inflation rate in Argentina and the government’s intervention in the economy may adversely affect our business. Further, according to data published by INDEC, the Consumer Price Index for the year 2023 reached 211.4% and that of January 2024 reached a monthly variation of 20.6%. If inflation remains high or continues to rise towards a hyperinflation, Argentina’s economy will continue to be negatively impacted, and our results of operations could be materially adversely affected. For more information on risks related to our operations in Argentina, see “ — Risks Related to Operating in Argentina.” In addition, broader adverse macroeconomic developments, including global inflation, slowing growth, rising interest rates, or recession, may adversely affect our business and financial condition. These developments have caused, and could in the future cause, disruptions and volatility in global financial markets and increased rates of default and bankruptcy, and negatively affect business and consumer spending. Adverse economic conditions have and may continue to increase the costs of operating our business, including vendor, supplier and workforce expenses, and may limit our access to capital