Sec Form 3 Filing - Hua Joy Yi @ Foxx Development Holdings Inc. - 2024-09-26

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Hua Joy Yi
2. Issuer Name and Ticker or Trading Symbol
Foxx Development Holdings Inc. [ FOXX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CFO and Chairwoman
(Last) (First) (Middle)
I/C/O FOXX DEVELOPMENT HOLDINGS INC., 13575 BARRANCA PARKWAY C106
3. Date of Earliest Transaction (MM/DD/YY)
09/26/2024
(Street)
IRVINE, CA92618
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 2,156,250 ( 1 ) ( 2 ) I ( 2 ) See footnote ( 2 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants ( 1 ) ( 3 ) ( 3 ) ( 3 ) Common Stock 7,843,923 ( 1 ) ( 2 ) ( 3 ) I ( 4 ) See Footnote ( 4 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hua Joy Yi
I/C/O FOXX DEVELOPMENT HOLDINGS INC.
13575 BARRANCA PARKWAY C106
IRVINE, CA92618
X X CFO and Chairwoman
Acri Capital Sponsor LLC
I/C/O FOXX DEVELOPMENT HOLDINGS INC.
13575 BARRANCA PARKWAY C106
IRVINE, CA92618
X
Signatures
/s/ Joy Yi Hua 09/26/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )In connection with the closing of the initial business combination of Acri Capital Acquisition Corporation ("ACAC"), pursuant to certain business combination agreement by and among ACAC, Acri Capital Merger Sub I Inc., a Delaware corporation and subsidiary of the ACAC ("PubCo"), Acri Capital Merger Sub II Inc., a Delaware corporation and subsidiary of the PubCo ("Merger Sub"), and Foxx Development Inc., a Texas corporation ("Foxx"), dated February 18, 2024, 2,156,250 shares of common stock and 7,843,923 warrants of PubCo (now known as "Foxx Development Holdings Inc." the "Issuer") were issued to Acri Capital Sponsor LLC on the date hereof. Ms. Joy Yi Hua is the manager of Acri Capital Sponsor LLC and thus, is deemed to beneficially own all such 2,156,250 shares of Common Stock and 7,843,923 warrants held by Acri Capital Sponsor LLC in the Issuer.
( 2 )Acri Capital Sponsor LLC is the record holder of the shares reported herein.
( 3 )As described in a certain Warrant Assumption Agreement, dated the date hereof, between the Issuer, ACAC and Vstock Transfer, LLC (the "Warrant Agent"), which amends a certain Warrant Agreement, dated June 9, 2022, between ACAC and the Warrant Agent (the "Warrant Agreement"), the warrants may be exercised only commencing on September 26, 2024 and terminating at 5:00 p.m., New York City time on the earlier to occur of (i) the date that is five(5) years after September 26, 2024, and (ii) at 5:00 p.m., New York City time on the Redemption Date as provided in Section 6.2 of the Warrant Agreement .
( 4 )Acri Capital Sponsor LLC is the record holder of the warrants reported herein.

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