Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 171

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 171
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 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 the growth of formal private employment and offers benefits to employers who regularize their workers. At the same time, the reform eliminates penalties against “informal” work, removing the special compensation previously granted to employees who were not properly registered. Many of the provisions in the reform will depend on further regulation or collective bargaining to become operational. Some of the measures included in this reform are (i) the exclusion of service contracts from the scope of application of the Labor Contract Law, (ii) the consideration of workers as direct employees of those who register the labor relationship, regardless of whether they were hired to provide services to a third company, although the user company will be jointly responsible for certain labor and social security obligations, (iii) the elimination of the presumption of the existence of employment contracts to self -employedworkers who issue invoices, and (iv) the aggravated compensation for dismissal motivated by a discriminatory act. While these reforms may reduce certain costs and regulatory burdens, many provisions require additional regulation or collective bargaining agreements to become fully effective. This reliance on collective bargaining introduces uncertainty, as negotiations may result in inconsistent labor practices across regions. Furthermore, the unpredictability of further regulations, together with inflationary pressures, could adversely affect employee relations, retention, and costs. These factors may significantly impact our ability to manage human capital effectively in Argentina. 63 Risks Related to Government Regulation We conduct business in a heavily regulated industry. Complying with the numerous statutes and regulations pertaining to our business is expensive and time -consuming , and failure to comply could subject us to significant fines and penalties, and our business and results of operations could be adversely affected. The healthcare industry is subject to changing political, economic, and regulatory influences that may affect our telehealth business. During the past several years, the healthcare industry has been subject to an increase in governmental regulation