Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 594

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 594
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 ended June30, 2024, if the value of the share on the market is 20% higher than that calculated through the fair value, and a decrease of 20% of the shared -basedincentives if the value of the share on the market is 20% lower than that calculated through the fair value. Accounting Treatment of Fair Value During the reporting period ended June 30, 2024, an expense of $1,226,867 was recognized in connection with the CEO’s share -basedcompensation plan that was granted after year -end. The service inception date for the CEO award for purposes of computing the compensation charge in the period ended June30, 2024 was in 2021, as per the consultancy agreement signed between Heritas S.A.U. and the CEO mentioned above. The amount is reflected in the income statement under General and Administrative Expenses and corresponds to an increase in the Share Premium within equity. See Note 2.17 for further information. The overall fair value of the award determined at the grant date was $ 1,943,847. As of June 30, 2023, the non -marketconditions affecting the grant were not expected to be met, so the amount of equity instruments that could eventually be vested was zero and therefore, it was not recorded at the fiscal year ended June 30, 2023. 15.Income tax OmnigenicsAI Corp. is an exempted company incorporated under the laws of the Cayman Islands. As such, it is not subject to income tax in the Cayman Islands under local regulations. However, the Company may be considered a “U.S. tax entity” for certain purposes under United States tax laws if it engages in activities or maintains operations that create a taxable nexus in the United States. As of June 30, 2024, and 2023, the Company has no taxable nexus in the United States and, therefore, no income tax obligations in the United States. Heritas SAU, the Company’s wholly owned subsidiary, is domiciled in Argentina and subject to local income tax regulations. As such, the Company’s income tax has been calculated based on the estimated taxable profit for each year at the prevailing corporate tax rate in Argentina, which is 25%. Below is a reconciliation between income tax expense and the tax calculated applying the current tax rate to loss before taxes for years ended June 30, 2024, and 2023:

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 June 30