Foxx Development Holdings Inc. — fact timeline

Foxx Development Holdings Inc.: Amendment to amended and restated certificate of incorporation to revise Article X regarding renunciation of corporate opportunities doctrine under Delaware law (effective 2025-12-29).

“At the Annual Meeting, the stockholders of the Company approved the proposal to amend Company’s amended and restated certificate of incorporation (the “Charter”) to amend Article X of the Charter concerning the renunciation of corporate opportunities doctrine under the laws of the State of Delaware. Upon the stockholders’ approval, on December 29, 2025, the Company filed a certificate of amendment to the Charter which became effective upon filing.”

Foxx Development Holdings Inc. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2), 5810(c)(3)(C)).

“November 5, 2025, the Company received a deficiency letter (the “Letter”) from the Nasdaq Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for a period of 30 consecutive business days, the Company’s market value of listed securities (“MVLS”) closed below the $35,000,000 MVLS threshold required for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(2) (the “MVLS Rule”). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has until May 4, 2026 to regain compliance with the MVLS Requir”

Foxx Development Holdings Inc. engaged CBIZ CPAs P.C. as its auditor.

“The Audit Committee approved the appointment of CBIZ CPAs P.C. ("CBIZ") as the Company's new independent registered public accounting firm on May 1, 2025, with immediate effect, for the fiscal year ending June 30, 2025.”

Marcum LLP resigned as auditor of Foxx Development Holdings Inc..

“On May 1, 2025, Marcum resigned as the independent registered public accounting firm of Foxx Development Holdings Inc.”

John Chiang was appointed as Director at Foxx Development Holdings Inc..

“the Board accepted Mr. Jiang’s resignation, and appointed Mr. John Chiang as a director of the Company.”

Jeff Feng Jiang resigned as Director at Foxx Development Holdings Inc..

“On November 25, 2024, Mr. Jeff Feng Jiang, resigned from his position as a director of the board of directors”

Foxx Development Holdings Inc.: Ceased to be a shell company upon closing of the business combination.

“Upon the Closing, New Foxx ceased to be a shell company.”

Foxx Development Holdings Inc.: Approved and adopted a new Code of Ethics for directors, officers and employees.

“the New Foxx Board approved and adopted a new Code of Ethics applicable to directors, officers and employees (the “Code of Ethics”).”

Foxx Development Holdings Inc.: Adopted amended and restated certificate of incorporation effective September 25, 2024 (effective 2024-09-25).

“The New Charter, which became effective upon filing with the Secretary of State of the State of Delaware on September 25, 2024, includes the amendments proposed by the Charter Proposal and approved at the Special Meeting.”

Foxx Development Holdings Inc.: Adopted amended and restated bylaws effective as of September 24, 2024 (effective 2024-09-24).

“on September 24, 2024, pursuant to the approval of the Charter Proposal, the New Foxx Board approved and adopted the New Bylaws, which became effective as of the Effective Time.”

Foxx Development Holdings Inc. underwent a change of control involving Acri Capital Acquisition Corporation (closed 2024-09-26).

“On September 26, 2024 (the “Closing”), Acri Capital Acquisition Corporation, a Delaware corporation (“ACAC”) consummated the previously announced business combination”