Acri Capital Acquisition Corporation and Foxx Development Inc. Announce Business Combination Approval by Acri Capital Acquisition Corporation Stockholders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 27 2024
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Source: Newsfilter
Business Combination Approval: Acri Capital Acquisition Corporation announced that its business combination with Foxx Development Inc. was approved by approximately 96.9% of stockholders at a special meeting on August 27, 2024, with plans to close the transaction next month.
New Company Name and Trading Symbols: Upon completion of the merger, the combined entity will be renamed "Foxx Development Holdings Inc." and is expected to begin trading on Nasdaq under the symbols "FOXX" and "FOXXW".
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
