Acri Capital Acquisition Corporation
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Yi Hua
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 13284 Pond Springs Road Austin TX United States of America 78729
- IPO Date
- Aug 8, 2022
- CIK
- 0001914023
- Similar Companies
- Business
- Acri Capital Acquisition Corporation is a special purpose acquisition company (SPAC) incorporated in 2022 and headquartered in Austin, Texas. The company primarily engages in effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses. Although initially formed without significant operations or a specific target, Acri Capital Acquisition Corporation focuses on acquiring companies in technology-enabled sectors, including e-commerce, financial services, educational technology services, and health information services, primarily operating in North America. The company's core business model centers around identifying and merging with or acquiring technology-driven companies to enhance value for its shareholders. Acri Capital Acquisition Corporation completed its initial public offering in 2022, raising capital to pursue these business combinations. A major recent development includes the definitive business combination and reverse merger with Foxx Development Inc., a consumer electronics and integrated Internet-of-Things (IoT) solutions company. This merger, completed in September 2024, transitions Acri Capital Acquisition Corporation into a public entity focused on expanding Foxx Development’s portfolio of mobile phones, tablets, and IoT communication terminals and solutions across the United States, with a strategic commitment to partnerships with mobile network operators, distributors, and suppliers worldwide. Following the business combination, the company now operates under the Foxx Development Holdings umbrella, leveraging robust research and development capabilities to cater to both retail and institutional clients in consumer electronics and IoT markets. This strategic shift represents a significant expansion from the original blank-check business model toward an operational company with diverse technology product offerings and global growth ambitions. Acri Capital Acquisition Corporation’s latest activities have included deadlines extensions to finalize the acquisition, all conforming to regulatory requirements, ensuring a smooth transition into the consumer electronics space. In summary, Acri Capital Acquisition Corporation began as a SPAC targeting technology-enabled sectors and has evolved through its acquisition of Foxx Development Inc. into a technology-driven consumer electronics and IoT solutions provider with a product lineup including mobile phones, tablets, communication terminals, and IoT devices. The company maintains its headquarters in Austin, Texas, reflecting its origins and continued focus on North American markets with ongoing international partnership development. This description incorporates the company’s founding, initial purpose, recent major business combination with a significant operating company, and the resulting expansion of its product and service offerings in the technology and consumer electronics industries.
Foxx Development Partners with APEC Water Systems to Launch Advanced Smart Water Leak Detector
Foxx Development Poised to Join Russell Microcap Index
Foxx Development Expands Entertainment Offerings Through FreeCast Partnership
Foxx Development to Celebrate Milestone by Ringing Nasdaq Closing Bell on January 3, 2025
Foxx Development Closes Business Combination with Acri Capital Acquisition Corporation and Will Begin Trading on Nasdaq
Acri Capital Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Acri Capital Acquisition Corporation and Foxx Development Inc. Announce Business Combination Approval by Acri Capital Acquisition Corporation Stockholders
Acri Capital Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Acri Capital Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Acri Capital Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Acri Capital Acquisition Corporation Announces Confidential Submission of Draft Registration Statement on Form S-4 and Extension of the Deadline for an Initial Business Combination
Acri Capital Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Acri Capital Acquisition Corporation Announces Definitive Business Combination Agreement with Foxx Development Inc.
Acri Capital Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Acri Capital Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Acri Capital Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Acri Capital Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Acri Capital Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Acri Capital Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Acri Capital Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination