Thursday, September 26, 2024

Equity Corporate Actions Alert #2024 - 458
(UPDATED: Closed) Information Regarding the Business Combination of Acri Capital Acquisition Corporation (ACAC/W/U) and Foxx Development Inc.

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The business combination of Acri Capital Acquisition Corporation (ACAC/W/U) and Foxx Development Inc. closed today, September 26, 2024. As a result of the business combination, the Class A Common Stock, Warrant, and Unit of Acri Capital Acquisition Corporation (ACAC/W/U) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: Acri Capital Acquisition Corporation Class A Common Stock
CUSIP#: 00501A101
Symbol: ACAC
Last Trading Date: September 26, 2024
Marketplace Effective Date for Suspension: September 27, 2024
Merger Consideration: One (1) Foxx Development Holdings Inc. Common Stock (FOXX) for each share held.
Company Name/Issue: Acri Capital Acquisition Corporation Warrant
CUSIP#: 00501A119
Symbol: ACACW
Last Trading Date: September 26, 2024
Marketplace Effective Date for Suspension: September 27, 2024
Merger Consideration: One (1) Foxx Development Holdings Inc. Warrant (FOXXW) for each warrant held.
Company Name/Issue: Acri Capital Acquisition Corporation Unit
CUSIP#: 00501A200
Symbol: ACACU
Last Trading Date: September 26, 2024
Marketplace Effective Date for Suspension: September 27, 2024
Merger Consideration: Unit will separate into its components.

As a result of the merger the combined company will list the Common Stock (FOXX) and the Warrant (FOXXW) on the Nasdaq Capital Market and domiciled in Texas. The details are as follows:

Company Name/Issue: Foxx Development Holdings Inc. Common Stock
CUSIP#: 351665104
Symbol: FOXX
Marketplace Effective Date: September 27, 2024

Company Name/Issue: Foxx Development Holdings Inc. Warrant expiring 9/26/2029
CUSIP#: 351665112
Symbol: FOXXW
Marketplace Effective Date: September 27, 2024

If you would like to register as a market maker in FOXX or FOXXW contact Nasdaq Trading Services at +1 212 231 5100.



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