Company: FOXX
Filing Date: 2025-01-10
Form Type: S-1
Source: 0001213900-25-002199
Chunk: 6

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-10
Form: S-1
Chunk 6
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 the applicable portion of the Earnout Shares (as defined herein), if, as and when payable in accordance with the earnout provisions of the Business Combination Agreement. At the Closing, the Purchaser was renamed as “Foxx Development Holdings Inc.”, which we refer as the “Company”, and the Merger Sub was renamed as “Foxx Development Inc.”, which we refer as the “Operating Subsidiary”. After the Closing, the Operating Subsidiary became the wholly -owned, Delaware -incorporatedsubsidiary of the Company. The Business Combination was consummated on September 26, 2024. The Business Combination was approved at the special meeting of ACAC’s stockholders held on August 27, 2024 (the “Special Meeting”). ACAC’s stockholders also voted to approve all other proposals presented at the Special Meeting. On September 27, 2024, one business day after the Closing, the Common Stock and the Warrants became listed on the Nasdaq Capital Market under trading symbols “FOXX” and “FOXXW,” respectively. iii MARKET AND INDUSTRY DATA Certain information contained in this document relates to or is based on studies, publications, surveys, and other data obtained from third -partysources and the Company’s own internal estimates and research. While we are not aware of any misstatements regarding such third -partyinformation and data presented in this prospectus, such information and data involves risks and uncertainties and is subject to change based on various factors, including, potentially, those discussed under the section of this prospectus entitled “ Risk Factors.” Furthermore, such information and data cannot always be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process, and other limitations and uncertainties inherent in any statistical survey. Finally, while we believe our own internal estimates and research are reliable, and are not aware of any misstatements regarding such information and data presented in this proxy statement/prospectus, such research has not been verified by any independent source. Notwithstanding anything in this prospectus to the contrary, the Company is responsible for all disclosures in this prospectus. iv TRADEMARKS This document contains references to trademarks, trade names, and service marks belonging to other entities. Solely for convenience, trademarks, trade names, and service marks referred to in this prospectus may appear without the ®or ™ symbols, but such references are not intended to indicate, in any way, that the applicable lic