Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 430

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1C
Chunk 430
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. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market
Information

Our
Common Stock and Public Warrants are traded on Nasdaq under the symbols “FOXX” and “FOXXW,” respectively.

Stockholders

As  of October 13, 2025, the numbers of record holders of our
Common Stock and Public Warrants were 4 and 2, respectively, not including beneficial holders whose securities are held in street name.

Dividends

We have never declared or paid cash dividends on our capital stock.
We do not anticipate declaring or paying, in the foreseeable future, any cash dividends on our capital stock. We intend to retain all
available funds and future earnings, if any, to fund the development and expansion of our business, and we do not anticipate paying any
cash dividends in the foreseeable future. Any future determination regarding the declaration and payment of dividends, if any, will be
at the discretion of our Board of Directors, subject to applicable laws, and will depend on then-existing conditions, including our financial
condition, operating results, contractual restrictions, capital requirements, business prospects and other factors our Board of Directors
may deem relevant.

In
addition, our ability to pay cash dividends on our capital stock in the future may be limited by the terms of any future debt, issued
preferred securities, or any credit facility agreements. 

Securities
Authorized for Issuance under Equity Compensation Plans

Pursuant
to the Business Combination Agreement, the board of directors of Purchaser, and ACAC, as the sole stockholder of Purchaser, adopted and
approved a 2024 Equity Incentive Plan (the “Incentive Plan”), which became effective upon the Closing.

The
Incentive Plan is administered by the plan administrator, who is our Board of Directors or a committee that the Board designates. The
plan administrator has the power to determine, among other things, the terms of the awards granted under the Incentive Plan, including
the exercise price, the number of shares subject to each award (and the class of shares), and the exercisability and vesting terms of
the awards, subject to the terms of the Incentive Plan. The plan administrator also has the power to determine the persons to whom and
the time or times at which awards will be made and to make all other determinations and take all other actions