Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 651

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 651
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imates their respective carrying amounts because, due to their short -termnature, the effect of discounting is not considered significant. ____________ (*)As of December 31, 2024, trade payables include CIBIC US$12,864. As of June 30, 2024, trade payables include CIBIC US$21,024. See Note 20 – Related parties. 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. 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%.

F-108

Notes to Unaudited Interim Condensed Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 15. Income tax (cont.) Below is a reconciliation between income tax expense and the tax calculated applying the current tax rate to loss before taxes for the periods ended December 31, 2024, and 2023:

|                                       |     |        As of 
 December 31, 
         2024 |   |     |        As of 
 December 31, 
         2023 |   |
|:--------------------------------------|:----|-------------:|:--|:----|-------------:|:--|
| Loss before tax                       |     |   (1,322,306 | ) |     |   (1,434,684 | ) |
| Tax rate                              |     |           25 | % |     |           25 | % |
| Income tax (benefit)                  |     |      330,577 |   |     |      358,671 |   |
| Adjustments:                          |     |              |   |     |              |   |
| Unrecognized tax losses               |     |     (190,118 | ) |     |     (382,693 | ) |
| Unrecognized deferred tax assets      |     |            — |   |     |          902 |   |
| Inflation adjustment (IAS 29)         |     |      169,793 |   |     |       76,178 |   |
| Tax inflation adjustment              |     |     (132