Foxx Development Closes Business Combination With Acri Capital Acquisition Corporation And Will Begin Trading On Nasdaq Under The Ticker Symbol "FOXX"
Portfolio Pulse from Benzinga Newsdesk
Foxx Development Holdings Inc. has completed its business combination with Acri Capital Acquisition Corporation and will start trading on Nasdaq under the ticker symbols 'FOXX' and 'FOXXW'.
September 26, 2024 | 8:01 pm
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POSITIVE IMPACT
Foxx Development Holdings Inc. will begin trading on Nasdaq following its merger with Acri Capital Acquisition Corporation. This marks its transition to a public company.
The successful merger and subsequent listing on Nasdaq is a significant milestone for Foxx Development Holdings, likely to attract investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Acri Capital Acquisition Corporation has completed its business combination with Foxx Development, resulting in the new entity Foxx Development Holdings Inc. trading on Nasdaq.
Acri Capital's role in the merger is complete, and its stockholders have transitioned to the new entity. The impact on ACAC is neutral as it no longer exists as a separate trading entity.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80