---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-024794"
form_type: "8-K"
ticker: "FOXX"
cik: "0002013807"
company_name: "Foxx Development Holdings Inc."
filed_at: "2025-03-18T23:59:59+00:00"
generated_at: "2026-05-24T14:45:31.176028+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Foxx Development settles lawsuit over charter waiver; pays $85K mootness fee

## Summary
- Class action filed Nov 22, 2024 challenged corporate opportunity waiver in company's charter.
- Board approved amendment to Article X; will be submitted to stockholders at next annual meeting.
- Plaintiff voluntarily dismissed action as moot on March 3, 2025; court approved March 4, 2025.
- Company pays $85,000 mootness fee (incl. $500 service award) to plaintiff's counsel, denies wrongdoing.
- Court ordered this notice; fee not judicially approved.

## SEC filing metadata
- accession: 0001213900-25-024794
- form_type: 8-K
- ticker: FOXX
- cik: 0002013807
- company_name: Foxx Development Holdings Inc.
- filed_at: 2025-03-18T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2013807/000121390025024794/0001213900-25-024794-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2013807/000121390025024794/ea0234683-8k_foxxdevelop.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-024794
- JSON: https://secwatch.observer/filing/0001213900-25-024794.json
- Plain text: https://secwatch.observer/filing/0001213900-25-024794.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.