05:59 PM EDT, 08/27/2024 (MT Newswires) -- Acri Capital Acquisition ( ACAC ) said late Tuesday that its shareholders approved the merger with Foxx Development.

Almost 97% of the votes were cast in favor of the deal at a special meeting Wednesday.

The combined company will be named Foxx Development Holdings.

The common stock and warrants will likely begin trading on the Nasdaq under the symbols FOXX and FOXXW after the transaction closes in September.

Acri Capital shares jumped 21% in after-hours trading.

Price: 13.80, Change: +2.36, Percent Change: +20.63