Brief: Acri Capital Acquisition Announces Definitive Business Combination Agreement With Foxx Development

Foxx Development Holdings

20/02/2024 11:34

Feb 20 (Reuters) - Acri Capital Acquisition Corp
 ACAC.O :
    * ACRI CAPITAL ACQUISITION CORPORATION ANNOUNCES DEFINITIVE
BUSINESS COMBINATION AGREEMENT WITH FOXX DEVELOPMENT INC.
    * ACRI CAPITAL ACQUISITION CORP - UPON CLOSING, COMBINED
COMPANY
EXPECTS TO LIST ITS COMMON STOCK ON NASDAQ
    * ACRI CAPITAL ACQUISITION CORP - MERGER CONSIDERATION IS
$50MLN
PAYABLE BY NEWLY-ISSUED COMMON STOCK OF COMBINED CO VALUED AT
$10.00 PER SHARE
    * ACRI CAPITAL ACQUISITION CORP - BOARDS OF DIRECTORS OF
BOTH ACRI
AND FOXX HAVE UNANIMOUSLY APPROVED PROPOSED TRANSACTION
    * ACRI CAPITAL ACQUISITION CORP -  TRANSACTION EXPECTED TO
BE
COMPLETED IN Q2 OF 2024

Source text for Eikon:  ID:nGNX52bGHP 
Further company coverage:  ACAC.O 

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