Core Points - Acri Capital Acquisition Corporation announced the approval of its business combination with Foxx Development Inc. at a special meeting, with approximately 96.9% of votes in favor [1] - The transaction is expected to close in the following month, and the combined company will be renamed "Foxx Development Holdings Inc." with shares trading under the symbols "FOXX" and "FOXXW" [2] Company Overview - Acri Capital Acquisition Corporation is a special purpose acquisition company (SPAC) formed to effect mergers, capital stock exchanges, asset acquisitions, and similar business combinations [3] - Foxx Development Inc., established in 2017, is a consumer electronics and IoT solution company serving both retail and institutional clients, with a focus on mobile devices and IoT solutions [4]
Acri Capital Acquisition Corporation and Foxx Development Inc. Announce Business Combination Approval by Acri Capital Acquisition Corporation Stockholders