Company: FOXX
Filing Date: 2025-01-10
Form Type: S-1
Source: 0001213900-25-002199
Chunk: 8

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-10
Form: S-1
Chunk 8
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 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 officers and directors, and/or their designees of ACAC. “ Founder Shares” mean the shares of ACAC Class B Common Stock. “ HSR Act” means the Hart -Scott-RodinoAntitrust Improvements Act of 1976, as amended. “ Initial Public Offering” or “IPO” means the initial public offering of ACAC. “ JOBS Act” means the Jumpstart Our Business Startups Act of 2012, as amended. “ Merger Sub” means Acri Capital Merger Sub II Inc., a Delaware corporation and wholly -ownedsubsidiary of Purchaser incorporated on November 13,