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Acri Capital Acquisition Corporation Class A ( (ACAC) ) has provided an announcement.
In a strategic move by Acri Capital Acquisition Corporation to secure additional time for completing its initial business combination, Foxx Development Inc. contributed $50,000 to the Company’s trust account, facilitating a one-month extension deadline from September 14 to October 14, 2024. This extension, announced on September 13, 2024, through a press release, is part of a series of up to nine permissible monthly extensions. In exchange, Acri Capital issued a non-interest-bearing promissory note to Foxx, repayable upon the earlier of the business combination’s completion or the company’s liquidation.
For a thorough assessment of ACAC stock, go to TipRanks’ Stock Analysis page.
