Company: FOXX
Filing Date: 2025-01-10
Form Type: S-1
Source: 0001213900-25-002199
Chunk: 20

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-10
Form: S-1
Chunk 20
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 not be able to accurately report our financial results or prevent fraud. •An active trading market for our Common Stock may not be available on a consistent basis to provide stockholders with adequate liquidity. The price of our Common Stock may be extremely volatile, and stockholders could lose all or part of their investment. •We are an “emerging growth company” and a “smaller reporting company”, and the reduced reporting requirements applicable to emerging growth companies and smaller reporting companies may make our Common Stock less attractive to investors. •We could be subject to securities class action litigation. Corporate Information Foxx Development Holdings Inc., or the Company, was incorporated as a Delaware corporation under the name “Acri Capital Merger Sub I Inc.” on November13, 2023, and merged with and into Acri Capital Acquisition Corporation, or ACAC, on September26, 2024, upon which the Merger Sub changed its name to “Foxx Development Holdings Inc.” Foxx Development Inc., or Old Foxx, was incorporated as a Texas corporation on March 17, 2017 and merged with and into Acri Capital Merger Sub II Inc., or Merger Sub, on September26, 2024, upon which the Merger Sub changed its name to “Foxx Development Inc.” (the “Operating Subsidiary”). The Company, together with the Operating Subsidiary, is a technology innovation company in the communications sector and operates in various locations across the United States. Foxx currently generates most of its revenue from the sales of tablets and smartphones to major carriers in the United States such as T -Mobile, AT&T, and Verizon. Foxx has been preparing to enter the U.S. IoT markets and launch more smartphones, tablets, wearables, and other high -qualitycommunication terminals, with the aim of growing into a key player both domestically and globally. The Business Combination was consummated on September 26, 2024. As a result of the Business Combination, Old Foxx became a wholly -ownedsubsidiary of the Company. On September 27, 2024, one business day after the Closing, the Common Stock and the Warrant became listed on the Nasdaq Capital Market under trading symbols “FOXX” and “FOXXW,” respectively. 5 Our principal executive office is 13575 Barranca Parkway C106, Irvine, CA 92618. The Company’s principal website address is https://foxxusa.com. We do not incorporate the information contained on, or accessible