Item 8.01 Other Events.

On January 23, 2023, Foxwayne Enterprise Acquisition Corp. (the "Company") determined to cancel its special meeting of stockholders that was originally scheduled for November 30, 2022 and postponed until January 18, 2023, and to withdraw from consideration by the stockholders of the Company the proposals set forth in the Company's Definitive Proxy Statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on December 22, 2022.

In addition, on January 23, 2023, the Company also determined, that due to its inability to consummate an initial business combination within the time period required by its Second Amended and Restated Certificate of Incorporation, as amended (the "Charter"), the Company intends to dissolve and liquidate in accordance with the provisions of its the Charter and will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares that were issued in its initial public offering (the "Public Shares"), at a per-share redemption price of approximately $10.175.

As of the close of business on January 27, 2023, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount.

In order to provide for the disbursement of funds from the trust account, the Company will instruct the trustee of the trust account to take all necessary actions to liquidate the securities held in the trust account. The proceeds of the trust account will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares. Record holders will receive their pro rata portion of the proceeds of the trust account by delivering their Public Shares to Continental Stock Transfer & Trust Company, the Company's transfer agent. Beneficial owners of Public Shares held in "street name," however, will not need to take any action in order to receive the redemption amount. The redemption of the Public Shares is expected to be completed within ten business days after January 27, 2023.

The Company's sponsor has agreed to waive its redemption rights with respect to its outstanding ordinary shares issued prior to the Company's initial public offering.

There will be no redemption rights or liquidating distributions with respect to the Company's warrants, which will expire worthless.

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