Company: FOXX
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006111
Chunk: 47

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 47
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 and this could further exhaust our financial and management resources. Some aspects of our technology include open source software, and any failure to comply with the terms of one or more of these open source licenses could harm our business. Our research and development of products, particularly the development of modules for integration into environmental management solutions, incorporate software covered by open -sourcelicenses. For example, we use open -sourcealgorithms such as Linear Regression, Neural Networks, and SLAM technology in developing these modules. 23 The terms of various open -sourcelicenses have not been interpreted by U.S. courts, creating a risk that such licenses could be construed in a manner that imposes unanticipated conditions or restrictions on our research and development based on such open -sourceresources. If the use of open -sourcealgorithms is limited or restricted by the providers of such algorithms or due to regulations, our research and development could be interrupted and delayed, necessitating the search for alternative sources or modifications to our research methods. In addition to risks related to license requirements, use of open -sourcesoftware can lead to greater risks than use of third -partycommercial software, as open -sourcelicensors generally do not provide warranties or controls on the origin of the software. Many of the risks associated with use of open -sourcesoftware cannot be eliminated and, if such risks materialize, could harm our business. Moreover, we cannot assure you that our processes for use of open -sourcesoftware will be effective. If we are held not to have complied with the terms of an applicable open -sourcesoftware license, we could be required to seek licenses from third parties to continue offering our services on terms that are not economically feasible, to re -engineerour technology to remove or replace the open source software, to discontinue the use of certain technology if re -engineeringcould not be accomplished on a timely basis, to pay monetary damages, to make generally available the source code for our proprietary technology, or to waive certain intellectual property rights, any of which could harm our business. Responding to any infringement or other enforcement claim, regardless of its validity, could harm our business, results of operations, and financial condition, by, among other things: •resulting in time -consumingand costly litigation; •diverting management’s time and attention from developing our business; •requiring us to pay monetary damages or enter into royalty and licensing agreements that we would not normally find acceptable; •requiring us to redesign certain components of our