SECsense Logo

Foxx Development Holdings Inc. Financial Insights Report - January 2025

$FOXX
Form 8-K
Filed on: 2025-01-02
Source
Foxx Development Holdings Inc. Financial Insights Report - January 2025

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

  1. Entity Information:
  • Company Name: Foxx Development Holdings Inc.
  • CIK (Central Index Key): 0002013807
  • SEC File Number: 001-42285
  • EIN (Employer Identification Number): 99-5119494
  • Address: 13575 Barranca Parkway C106, Irvine, CA 92618
  • Phone Number: 201-962-5550
  1. Stock Information:
  • Class of Stock: Common Stock
  • Par Value: $0.0001 per share
  • Ticker Symbol: FOXX (listed on NASDAQ)
  1. Warrants Information:
  • Warrant Description: Each whole warrant is exercisable for one share of Common Stock.
  • Exercise Price: $11.50 per share
  • Warrant Symbol: FOXXW (listed on NASDAQ)
  1. Reporting Context:
  • Filing Date: January 2, 2025
  • Reporting Period: The data is as of January 2, 2025.
  1. Units of Measurement:
  • Currency is reported in USD (United States Dollars).
  • Shares are also noted as a unit of measurement.

Insights:

  • The company appears to be actively engaged in capital markets, as it has both common stock and warrants listed on NASDAQ.
  • The low par value of the common stock suggests a potentially high number of outstanding shares, which is common for growth-oriented or startup companies.
  • The exercise price of $11.50 for the warrants implies a strategic pricing that could reflect the anticipated growth or valuation of the company.
  • The report indicates ongoing transparency and compliance with SEC regulations, which is essential for maintaining investor trust and market integrity.

This summary encapsulates the essential elements that would be relevant for investors, analysts, or stakeholders looking to understand the financial standing and offerings of Foxx Development Holdings Inc. as of the specified date.