Company: FOXX
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006111
Chunk: 171

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 171
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 of the warrants in accordance with the provisions of the warrant agreement. No Warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the common stock issuable upon exercise of the Warrants and a current prospectus relating to such shares of common stock. Notwithstanding the above, if the Company’s common stock is at the time of any exercise of a Warrant not listed on a national securities exchange such that it satisfies the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Warrants who exercise their Warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event it so elect, it will not be required to file or maintain in effect a registration statement, but it will be required to use its commercially reasonable efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. F-23

FOXX DEVELOPMENT HOLDINGS INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Note 16 — Shareholders’ deficit (cont.) The Company may call the Warrants for redemption, in whole and not in part, at a price of $0.01 per Warrant: •in whole and not in part; •upon not less than 30 days’ prior written notice of redemption (the “30 -dayredemption period”) to each Warrant holder; and •if, and only if, the reported last sale price of the common stock equals or exceeds $16.50 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30 -tradingday period ending three business days before the Company sends the notice of redemption to the warrant holders. The summary of warrants activity is as follows:

| June 30, 2024      |     |    Warrants 
 Outstanding 
           — |     | Common Stock 
     Issuable 
            — |     | Weighted 
 Average  
 Exercise 
 Price    |     — |     |     Average 
   Remaining 
 Contractual 
        Life 
           — |
|:-------------------|:----|------------:|:----|-------------:|:----|:---------|------:|:----|------------:|
| Granted            |     |  12,156