Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 399

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 399
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 be able to raise additional funds on favorable terms or at all. See “ Risk Factors — Risks Related to our Business and Strategy — We may need additional capital, and any inability to obtain such additional capital and on acceptable terms may limit our ability to execute our business plan and our ability to develop and expand our operations.” Statements of Cash Flows Presented below is a summary of the Company’s operating and financing cash flow:

|                                                               |     | For the year ended 
           June 30, 
               2024 |   |     |       2023 |   |
|:--------------------------------------------------------------|:----|-------------------:|:--|:----|-----------:|:--|
|                                                               |     |   -in U.S. dollars |   |     |            |   |
| Net cash used in operating activities                         |     |         (1,885,895 | ) |     | (1,306,705 | ) |
| Net cash generated from/(used in) investing activities        |     |                163 |   |     |   (529,825 | ) |
| Net cash generated from financing activities                  |     |          1,934,912 |   |     |  1,867,214 |   |
| Net increase and decrease in cash and cash equivalents        |     |             49,180 |   |     |     30,684 |   |
| Cash and cash equivalents at the beginning of the year/period |     |             48,836 |   |     |     55,514 |   |
| Effect of exchange rate changes on cash and equivalents       |     |            (56,289 | ) |     |    (37,362 | ) |
| Cash and cash equivalents at end of the period                |     |             41,727 |   |     |     48,836 |   |

212 Net cash used in operating activities Net cash used in operating activities increased by $579,190, or 44.3%, from $1,306,705 for the year ended June 30, 2023, to $1,885,895 for the year ended June 30, 2024. This increase was primarily due to changes in working capital, which included a $571,592 increase in inventories. This inventory buildup was strategically undertaken to meet expected demand and to mitigate potential supply chain risks and the possible adverse effects of economic policy changes during the period. To enhance liquidity, the Company also discounted