Company: FOXX
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006111
Chunk: 13

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 13
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 ACAC had the following issued and outstanding securities: (i) class A common stock of ACAC, par value $0.0001 per share (“ACAC Class A Common Stock”), (ii) class B common stock of ACAC, par value $0.0001 per share (“ACAC Class B Common Stock”, collectively with ACAC Class A Common Stock, “ACAC Common Stock”), 1 (iii) units of ACAC (“ACAC Units”), each consisting of one share of ACAC Class A Common Stock and one -half(1/2) of one ACAC Warrant (as defined below), and (iv) redeemable warrants (“ACAC Warrants”), of which one -half(1/2) is included as part of each ACAC Unit, with each ACAC Warrant entitling the holder thereof to purchase one (1) share of ACAC Class A Common Stock at a purchase price of $11.50 per share. In accordance with the terms and subject to the conditions of the Business Combination Agreement, immediately prior to the Reincorporation Merger Effective on September 25, 2024, one business day prior to the Closing, (i) each issued and outstanding ACAC Unit was automatically separated into one (1) share of ACAC Class A common stock and one -half(1/2) of one ACAC warrant, and (ii) each share of ACAC Class A common stock held by ACAC stockholders who validly redeemed their shares of ACAC Class A common stock (each “ACAC Redeeming Share”) was automatically cancelled and ceased to exist and thereafter represented only the right to be paid a pro -rataRedemption Price (as defined in the certificate of incorporation of ACAC at the time). At the Reincorporation Merger Effective Time on September 25, 2024, (i) each share of ACAC Common Stock issued and outstanding (other than ACAC Redeeming Shares) was converted automatically into one (1) share of Common Stock, and (ii) each issued and outstanding ACAC Warrant was converted automatically into one Warrant. At the closing (the “Closing” or “Closing Date”) on September 26, 2024, by virtue of the Acquisition Merger and the Business Combination Agreement, and without any action on the part of any party to the Business Combination Agreement or affiliate or security thereof, the issued and outstanding shares of common stock of Old Foxx (“Old Foxx Common Stock”)