Aerami Therapeutics Holdings, FoxWayne Enterprises Acquisition Corp. Mutually Agree To Terminate Business Combination Agreement

Aerami Therapeutics Holdings, Inc. ("Aerami"), a biopharmaceutical company focused on developing inhaled therapies to treat severe respiratory and chronic diseases, and FoxWayne Enterprises Acquisition Corp. (NASDAQ:FOXW) ("FoxWayne"), a publicly traded special purpose acquisition company ("SPAC"), announced today that they have mutually agreed to terminate their previously announced business combination agreement, effective immediately.

In light of current unfavorable market conditions, Aerami and FoxWayne believe that terminating the business combination agreement is the best path forward for the parties and their respective stockholders.

FoxWayne has until April 22, 2022 to complete an initial business combination (unless such date is extended in accordance with FoxWayne's governing documents).