Company: FOXX
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006111
Chunk: 7

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 7
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 and vote upon at the Special Meeting to adjourn the Special Meeting. “ Board” means the board of directors of the Company. “ Business Combination” means the transactions contemplated by the Business Combination Agreement, including the Reincorporation Merger, Acquisition Merger, and other transactions contemplated therein. “ Business Combination Agreement” means the Business Combination Agreement, dated as of February18, 2024, as amended or modified from time to time, by and among ACAC, Purchaser, Merger Sub, and Foxx. “ Bylaws” means the proposed amended and restated bylaws of the Company. “ Charter” means the proposed amended and restated certificate of incorporation of the Company. “ Closing” or “ Closing Date” means the date of the closing of the Business Combination. “ Closing Payment Shares” means 5,000,000shares of Common Stock, which are equal or equivalent in value to the sum of $50,000,000 divided by $10.00 per share. “ Closing Price” means the redemption price of ACAC Class A Common Stock on the date of the Closing. “ Code” means the Internal Revenue Code of 1986, as amended. “ Common Stock” means each share of common stock, par value $0.0001 per share, of the Company (or of the Purchaser, as applied in the context). “ Company” means Foxx Development Holdings Inc., a Delaware corporation, after the Closing of the Business Combination. “ Concurrent Private Placement” means the private placement of 5,240,000shares of ACAC Warrants, which was consummated simultaneously with the Initial Public Offering. “ DGCL” means the Delaware General Corporation Law, as amended. “ Dollars” or “ $” means U.S. dollars. vi “ Earnout Shares” means 4,200,000shares of Common Stock, which are equal or equivalent in value to the sum of $42,000,000 divided by $10.00 per share, subject to the vesting schedule set forth in the Business Combination Agreement “ Effective Time” means the effective time of the Acquisition Merger, when the certificate of merger for the Acquisition Merger is duly filed with the Secretary of State of the State of Delaware or at such other time specified in the certificates of merger. “ FCC” means the United States Federal Communication Commission. “ Exchange Act” means the Securities Exchange Act of 1934, as amended. “ Founders” means the holders of the Founder Shares, including the Sponsor, the