- Business Combination between Foxx Development Inc. and Acri Capital Acquisition Corporation closed on September 26, 2024
- Trading of common stock and warrants of the new public company, Foxx Development Holdings Inc., commence on Nasdaq on September 27, 2024 under the ticker symbols "FOXX" and "FOXXW"
Austin, TX, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Foxx Development Holdings Inc. (NASDAQ:FOXX), a consumer electronics and integrated Internet-of-Things (IoT) solution company catering to both retail and institutional clients, today announced the successful closing of the previously announced business combination ("the Business Combination") between Foxx Development Inc. ("Foxx") and Acri Capital Acquisition Corporation ("Acri"), a publicly traded special purpose acquisition company. Acri stockholders approved the Business Combination at a special meeting held on August 27, 2024.
The post-combination company, known as Foxx Development Holdings Inc. (together with Foxx as its wholly-owned subsidiary, "Foxx Development Holdings" or the "Company"), will become a public company on September 27, 2024, with its shares of common stock and warrants expected to begin trading under the ticker symbols "FOXX" and "FOXXW", respectively, on the Nasdaq Capital Market.
