IPO - Foxx Development Holdings Inc.

Form Type: CORRESP

Filing Date: 2025-01-21

Corporate Action: Ipo

Type: New

Accession Number: 000121390025004997

Filing Summary: Foxx Development Holdings Inc. has requested the acceleration of the effectiveness of its Registration Statement on Form S-1, seeking for it to become effective at 4:00 p.m. Eastern Time on January 23, 2025. This request is made pursuant to Rule 461 of Regulation C under the Securities Act of 1933. The company has indicated that it will notify the SEC promptly if there are any changes in this acceleration request. The request may involve an oral request made by either an executive officer or an attorney from the company’s counsel, Robinson & Cole LLP. Gregory Foley, the Chief Executive Officer, signed the correspondence.

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Form Type: S-1

Filing Date: 2025-01-10

Corporate Action: Ipo

Type: New

Accession Number: 000121390025002199

Filing Summary: Foxx Development Holdings Inc. filed this registration statement on Form S-1 with the Securities and Exchange Commission to register the proposed sale of up to 12,145,917 shares of its Common Stock upon the exercise of warrants. The warrants, which have an exercise price of $11.50 each, were issued in connection with a prior merger and consist of IPO Warrants, Private Placement Warrants, and Working Capital Warrants. The company discusses the unlikely exercise of these Warrants based on their anticipated market value in relation to the exercise price. The document indicates the company is an emerging growth company and includes risk factors associated with the investment in its securities, as well as the use of proceeds and management discussions regarding financial conditions and operations. The Business Combination creating Foxx Development Holdings was completed on September 26, 2024, following which the company’s stock is now listed on the Nasdaq under the symbols FOXX and FOXXW.

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