Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 170

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 170
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 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 ability of private sector entities to access the international capital markets or make the terms of such financing much less favorable that those accessible by companies in other countries in the region and may accelerate the depreciation of the Peso, foster inflation and deepen the economic crisis and recession. Lack of access to international or domestic financial markets or increase in the costs of such financing could affect the projected capital expenditures for our operations in Argentina, which, in turn, may have an adverse effect on our financial condition or the results of our operations. The Argentine government may order special protections for employees in the private sector. Our employees are located in Buenos Aires and Rosario, Argentina and Lima, Peru. We have a hybrid work schedule, where some teams work fully in -personand others on a hybrid basis and remotely. In Argentina, the labor market is significantly shaped by government policies and collective bargaining agreements. The country’s high inflation rates could prompt the Argentine government to mandate salary increases for private sector employees. Although there have been no government -mandatedincreases since January 2020, the current inflationary pressures and currency devaluation may lead to the implementation of new government measures like mandatory salary adjustments to mitigate salary depreciation. Such measures could result in increased labor costs and operational expenses for us. As per the current context, the prohibition on terminations and duplication of severance are not in force. A company is entitled to dismiss, without cause, employees at its convenience, as long as severance is paid in duly manner and time. In addition, the election of Javier Milei as President of Argentina on November 19, 2023 may have an impact on economic, labor and salary measures such as the labor reform enacted through Law No. 27,742, in force since July 9, 2024. The reform contains several articles aimed at modernizing the labor regime and promoting