Acri Capital Acquisition Corporation Announces Definitive Business Combination Agreement with Foxx Development Inc.

Austin, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Acri Capital Acquisition Corporation (NASDAQ: ACAC) (“Acri” or “ACAC”), a Delaware incorporated special purpose acquisition company listed on the Nasdaq Global Market, and Foxx Development Inc. (“Foxx”), a Texas based consumer electronics and integrated Internet-of-Things (IoT) solution company, today announced that they have entered into a definitive business combination agreement (the “Business Combination Agreement”) pursuant to which a newly established subsidiary of Acri will become a publicly listed company combining Acri and Foxx (the “Combined Company”) upon the closing of the transaction contemplated therein (the “Proposed Transaction”). Upon closing, the Combined Company expects to list its common stock on Nasdaq.

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