Foxx Development Holdings Inc. 8-K Report Insights - February 2025

Based on the provided financial report section, here are the key insights and information extracted:

1. Company Information:

• Entity Name: Foxx Development Holdings Inc.
• CIK (Central Index Key): 0002013807
• Address: 13575 Barranca Parkway C106, Irvine, CA 92618
• Phone Number: 201-962-5550

2. Filing Details:

• Filing Type: 8-K (a current report used by public companies to announce major events that shareholders should know about)
• Filing Date: February 10, 2025
• SEC Central Index Key (CIK): 0002013807
• SEC File Number: 001-42285

3. Stock Information:

• Common Stock:
• • Par Value: $0.0001 per share
  • Trading Symbol: FOXX (NASDAQ)
• Warrants:
• • Each warrant is exercisable for one share of Common Stock at an exercise price of $11.50
  • Trading Symbol: FOXXW (NASDAQ)

4. Contextual Period:

• The information provided is effective as of February 10, 2025.

5. Units and Measures:

• The financial information is stated in USD (United States Dollars) and shares.

6. Warrant Details:

• The warrants provide an opportunity for investors to purchase common stock at a predetermined price, which is crucial for assessing potential dilution effects on existing shareholders.

Insights:

• The company is actively listed on NASDAQ, indicating a level of regulatory compliance and market presence.
• The low par value of common stock may suggest a startup or growth phase, where the company is focused on capital accumulation rather than high initial pricing.
• The warrants' exercise price of $11.50 will be a point of interest for investors, as it provides a clear valuation benchmark for future common stock pricing.

This summary provides a concise overview of key elements from the financial report, reflecting the necessary details for stakeholders and investors.