Foxx Development Holdings Inc. announced the successful closing of its business combination with Acri Capital Acquisition Corporation on September 26, 2024. This transaction officially transitions Foxx Development into a publicly traded entity.
Following the completion of the business combination, the common stock and warrants of the newly formed public company, Foxx Development Holdings Inc., commenced trading on the Nasdaq exchange. The shares are listed under the ticker symbols "FOXX" and "FOXXW" respectively, starting September 27, 2024.
This milestone allows Foxx Development to leverage the public markets for potential future financing and enhances its corporate profile. The company, which specializes in consumer electronics and integrated Internet-of-Things (IoT) solutions, aims to continue its growth strategy as a public entity.
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