Company: FOXX
Filing Date: 2025-01-10
Form Type: S-1
Source: 0001213900-25-002199
Chunk: 217

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-10
Form: S-1
Chunk 217
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 us to indemnify these individuals to the fullest extent permitted under Delaware law against liabilities that may arise by reason of their service to us, and to advance expenses incurred as a result of any proceeding against them as to which they could be indemnified. These limitations of liability do not alter director liability under the federal securities laws and do not affect the availability of equitable remedies such as an injunction or rescission. Item 15. Recent Sales of Unregistered Securities. On June14, 2022, substantially concurrently with the closing of IPO of ACAC, ACAC completed the sale of 5,240,000 ACAC Private Placement Warrants to the Sponsor at a purchase price of $1.00 per warrant, generating gross proceeds to us of $5,240,000. The ACAC Private Placement Warrants were identical to the IPO Warrants except that the Private Placement Warrants (including the ACAC Class A Common Stock issuable upon exercise of the Private Placement Warrants) will not be transferable, assignable or salable until 30 days after the completion of an initial business combination of ACAC except to permitted transferees. On September25, 2024, pursuant to the registration statement on Form S -1(the “Registration Statement” (File No. 333 -263477) relating to the IPO of ACAC and certain Working Capital Notes, the Sponsor elected to convert a total of $2,603,923 in working capital loans provided by the Sponsor and its affiliates or designees into 2,603,923 Private Placement Warrants of ACAC, at a price of $1.00 per warrant. As a result, upon Closing of the Business Combination, 2,603,923 Warrants of the Company were issued to the Sponsor, in exchange for cancellation of the 2,603,923 Private Placement Warrants of ACAC. II-4

Item 16. Exhibits The following is a list of exhibits filed as a part of this registration statement:

|             |     |                                                                                                                                                                                                       |     | Incorporated by Reference |     |            |     |             |     |                   |
| Exhibit No. |     | Description                                                                                                                                                                                           |     | Form                      |     | File No.   |     | Exhibit No. |     | Filing Date       |
| 2.1         |     | Business Combination Agreement, dated as of February 18, 2024, by and among ACAC, the Registrant, Merger Sub and Foxx.                                                                                |     | 8