Company: FOXX
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006111
Chunk: 178

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 178
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 would be excluded from the calculation of diluted earnings per share and disclosed separately. Because of the nature of the calculation, particular securities may be dilutive in some periods and anti -dilutivein other periods.

F-28

FOXX DEVELOPMENT HOLDINGS INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Note 23 — Basic and diluted earnings per share (cont.) The following table presents the computation of basic and diluted earnings per share attributable to common stockholders, for the periods presented:

|                                                        |     | For the Three Months Ended 
 September 30,              |       2024 |   |     |   |      2023 |   |
|:-------------------------------------------------------|:----|:---------------------------|-----------:|:--|:----|:--|----------:|:--|
| Net loss – basic and diluted EPS                       |     | $                          | (2,266,789 | ) |     | $ |  (546,831 | ) |
| Basic and diluted weighted average shares outstanding* |     |                            |  3,477,696 |   |     |   | 3,303,333 |   |
| Basic and diluted loss per share                       |     | $                          |      (0.65 | ) |     | $ |     (0.17 | ) |

The following table outlines dilutive common share equivalents outstanding, which are excluded in the above diluted net loss per share calculation, as the effect of their inclusion would be anti -dilutiveor the share equivalents were contingently issuable as of each period presented:

|                                                      |     | For the Three Months Ended 
              September 30, |     |            |
|                                                      |     |                       2024 |     |       2023 |
|                                                      |     |                 -Unaudited |     | -Unaudited |
| Earnout Shares*                                      |     |                  2,100,000 |     |          — |
| Warrants**                                           |     |                 12,156,423 |     |          — |
| Common stock underlying from the convertible notes** |     |                          — |     |    224,504 |
| Total                                                |     |                 14,256,423 |     |    224,504 |

____________ *As described in Note 4 — Reverse recapitalization, the Earnout Shares that are contingently issuable in connection with the Business Combination are subject to vest