Company: FOXX
Filing Date: 2025-01-10
Form Type: S-1
Source: 0001213900-25-002199
Chunk: 139

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-10
Form: S-1
Chunk 139
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 to the alternative minimum tax or the Medicare contribution tax on net investment income; •tax -exemptorganizations or governmental organizations; •controlled foreign corporations, passive foreign investment companies and corporations that accumulate earnings to avoid U.S. federal income tax; •brokers or dealers in securities or currencies; •traders in securities that elect to use a mark -to-marketmethod of accounting for their securities holdings; •persons that own, or are deemed to own, more than five percent of our Common Stock; •certain former citizens or long -termresidents of the United States; •partnerships or other entities or arrangements classified as partnerships for U.S. federal income tax purposes or other pass -throughentities (and investors therein); •persons whose functional currency is not the U.S. dollar; •persons who hold our Common Stock as a position in a hedging transaction, “straddle,” “conversion transaction” or other risk reduction transaction or integrated investment; •persons who hold or receive our Common Stock pursuant to the exercise of any warrant or option or otherwise as compensation; •persons who hold or receive our Common Stock pursuant to conversion rights under convertible instruments; •persons who do not hold our Common Stock as a capital asset within the meaning of Section 1221 of the Code; •persons deemed to sell our Common Stock under the constructive sale provisions of the Code; or •persons subject to special tax accounting rules as a result of any item of gross income with respect to our Common Stock being taken into account in an “applicable financial statement” as defined in Section 451(b) of the Code. In addition, if a partnership, entity or arrangement classified as a partnership for U.S. federal income tax purposes holds our Common Stock, the tax treatment of a partner generally will depend on the status of the partner 89 and upon the activities of the partnership. Accordingly, entities classified as partnerships for U.S. federal income tax purposes and other pass -throughentities that hold our Common Stock, as well as partners or members in such entities, should consult their tax advisors. You are urged to consult your tax advisor with respect to the application of the U.S. federal income tax laws to your particular situation, as well as any tax consequences of the purchase, ownership and disposition of our Common Stock arising under the U.S. federal estate or gift tax laws or under the laws of any state, local, non -U .S. or other taxing jurisdiction or under any applicable tax treaty. Non-U.S. Holder Defined For purposes of this discussion, you