# EDGAR Filing Document

**Accession Number:** 0001913915
**File Stem:** 0001213900-26-052390
**Filing Date:** 2026-5
**Character Count:** 46860
**Document Hash:** 437164995915983040ac8c787a09eeae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-052390.hdr.sgml**: 20260505

**ACCESSION NUMBER**: 0001213900-26-052390

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20260505

**DATE AS OF CHANGE**: 20260505

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Foxx Development Holdings Inc.
- **CENTRAL INDEX KEY:** 0002013807
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMPUTER COMMUNICATIONS EQUIPMENT [3576]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94631
- **FILM NUMBER:** 26945056

**BUSINESS ADDRESS:**
- **STREET 1:** 13284 POND SPRINGS RD
- **STREET 2:** STE 405
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78729
- **BUSINESS PHONE:** 512-666-1277

**MAIL ADDRESS:**
- **STREET 1:** 13284 POND SPRINGS RD
- **STREET 2:** STE 405
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78729

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Acri Capital Merger Sub I Inc.
- **DATE OF NAME CHANGE:** 20240229
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hua Joy Yi
- **CENTRAL INDEX KEY:** 0001913915

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**MAIL ADDRESS:**
- **STREET 1:** 6406 WOODBOURNE LN
- **CITY:** CROZET
- **STATE:** VA
- **ZIP:** 22932

## Exhibit 10.1

**Exhibit 10.1**

**SECURITIES TRANSFER AGREEMENT**

This Securities Transfer Agreement is dated as of __May 1____, 2026 (this "<u>Agreement</u>"), by and among Acri Capital Sponsor LLC, a Delaware limited liability company (the "<u>Seller</u>"), and the party identified on the signature page hereto (the "<u>Buyer</u>").

WHEREAS, the Seller holds certain shares of common stock, par value $0.0001 per share (the "<u>Common Stock</u>") of Foxx Development Holdings, Inc., a Delaware corporation (the "<u>Company</u>") and certain warrants (the "<u>Warrants</u>") of the Company, each exercisable for one share of Common Stock of the Company at an exercise price of $11.50 per share;

WHEREAS, on the terms and subject to the conditions set forth in this Agreement, the Seller wishes to transfer to the Buyer and the Buyer wishes to acquire from the Seller 2,300,000 Warrants.

NOW, THEREFORE, in consideration of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

Section 1. **Transfer of Subject Securities**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to the terms and conditions of this Agreement, the Seller hereby agrees to transfer to the Buyer and the Buyer agrees to acquire from the Seller, 2,300,000 Warrants (the "<u>Subject Securities</u>") at a purchase price of $0.11 per Warrant, for an aggregate purchase price of $253,000 (the "<u>Purchase Price</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The closing (the "<u>Closing</u>") shall occur remotely via the exchange of documents and signatures, on the date and time mutually agreed by the Seller and the Buyer (the "<u>Closing Date</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) At the Closing, the Seller shall cause the Company deliver to the Buyer, against delivery by the Buyer of the Purchase Price, book-entry statement of the Company showing the ownership of the Buyer of the Subject Securities. At the Closing, the Buyer shall deliver or cause to be delivered to the Seller the Purchase Price by paying U.S. dollars by wire transfer as set forth in <u>Appendix A</u> enclosed herein.

Section 3. **Investment Representations**. The Buyer hereby acknowledges that an investment in the Subject Securities involves certain significant risks. The Buyer has no need for liquidity in its investment in the Subject Securities for the foreseeable future and is able to bear the risk of that investment for an indefinite period. The Buyer acknowledges and hereby agrees that the Subject Securities (including the shares of Common Stock underlying the Warrants) have not been registered under the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), or any state or other jurisdiction's securities laws and thus are "restricted securities" under Rule 144 of the Securities Act and will not be transferable under any circumstances unless registered by the Company in accordance with federal and state securities laws or sold in compliance with an exemption under such laws.

The Subject Securities are being acquired solely for the Buyer's own account, for investment purposes only, and are not being purchased with a view to or for the resale, distribution, subdivision or fractionalization thereof; and the Buyer has no present plans to enter into any contract, undertaking, agreement or arrangement for such resale, distribution, subdivision or fractionalization. The Buyer has been given the opportunity to (i) ask questions of and receive answers from the Seller and the Company concerning the terms and conditions of the Subject Securities, and the business and financial condition of the Company and (ii) obtain any additional information that the Seller possesses or can acquire without unreasonable effort or expense that is necessary to assist the Buyer in evaluating the advisability of the purchase of the Subject Securities and an investment in the Company. The Buyer is not relying on any oral representation made by any person as to the Company or its operations, financial condition or prospects. The Buyer is not relying on the Seller, the Company or their respective officers, directors or advisors with respect to the legal, tax, economic or other considerations of the Buyer relating to the purchase of the Subject Securities, and in regard to such considerations, the Buyer has relied on the advice of, or has consulted with, only its own advisors. The Buyer is not purchasing the Subject Securities as a result of or subsequent to any advertisement, article, notice or other communication published on the internet, in any newspaper, magazine or similar media or broadcast over television or radio, any seminar or meeting, or any solicitation of a subscription by a person not previously known to it in connection with investments in securities generally. The Buyer (i) has knowledge and experience in business and financial matters, prior investment experience, including investment in securities that are non-listed, unregistered and/or not traded on a national securities exchange; (ii) recognizes the highly speculative nature of the purchase of the Subject Securities; and (iii) is able to bear the economic risk that it hereby assumes. The Buyer is an "accredited investor" as defined in Rule 501(a) of Regulation D promulgated by the Commission under the Securities Act.

Section 4. **Representations and Warranties**. Each of the parties hereto represents and warrants, to the other parties as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Seller has good and marketable title to the Subject Securities held by such Seller free and clear of all liens and encumbrances and that, upon updating the records of ownership, the Buyer will have good and marketable title to the Subject Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each party has all requisite power and authority to execute, deliver and perform its obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The execution, delivery and performance by each party of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary action on the part of such party, and do not violate, conflict with or result in any breach or contravention of, or the creation of any lien under, any contractual obligation of such party, or any requirement under any law applicable to such party, and do not violate any judgment, injunction, suit, award, decree or order of any nature of any governmental authority against, or binding upon, such party, and (if such party is an entity) do not contravene the terms of such party's organizational documents, or any amendment thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No approval, consent, compliance, exemption, authorization or other action by, or notice to or filing with, any governmental authority or any other person, and no lapse of a waiting period under any applicable law, is necessary or required in connection with the execution, delivery or performance by each party of this Agreement or the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) There are no actions, suits, proceedings, claims, complaints, disputes, arbitrations or investigations pending or, to the knowledge of each party, threatened, at law, in equity, in arbitration or before any governmental authority against such party purporting to enjoin or restrain the execution, delivery or performance by such party of this Agreement or the transactions contemplated hereby; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) This Agreement has been duly executed and delivered by each party and will be valid and binding on such party and enforceable against such party in accordance with its terms, except may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent transfer or conveyance, moratorium or similar laws affecting the enforcement of creditors rights generally and general equitable principles, regardless of whether such enforceability is considered in a proceeding at law or in equity.

Section 5. **Entire Agreement**. This Agreement contains the entire agreement between the parties hereto in respect of the subject matter contained herein and supersedes all prior agreements and understandings of the parties, oral and written, with respect to the subject matter contained herein.

Section 6. **Successors and Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns. Neither party shall assign this Agreement or any rights or obligations hereunder without the prior written consent of the other.

Section 7. **Binding Effect; Benefits**. This Agreement and all the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns; nothing in this Agreement, expressed or implied, is intended to confer on any persons other than the parties hereto or their respective successors and permitted assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement.

Section 8. **Amendment; Waivers**. All modifications, amendments or waivers to this Agreement shall require the written consent of each of the party.

Section 9. **Dispute Resolution.** The validity, interpretation, and performance of this Agreement shall be governed in all respects by the laws of the State of New York, without giving effect to conflicts of law principles thereof. Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be determined by arbitration administered by the International Centre for Dispute Resolution in accordance with its International Arbitration Rules.

Section 10. **Counterparts**. This Agreement may be executed in two or more counterparts, each of which will be deemed an original but all of which together will constitute one and the same instrument.

[*Signature Page Follows*]

IN WITNESS WHEREOF, the undersigned have executed this Agreement to be effective as of the date first set forth above.

---

| | |
|:---|:---|
| **SELLER:** | **SELLER:** |
| **ACRI CAPITAL SPONSOR LLC** | **ACRI CAPITAL SPONSOR LLC** |
| By: | /s/ Joy Yi Hua |
| Name: | Joy Yi Hua |
| Title: | Manager |

---

---

| | |
|:---|:---|
| **BUYER:** | **BUYER:** |
| **NEW BAY CAPITAL LIMITED** | **NEW BAY CAPITAL LIMITED** |
| By: | /s/ Shi Liu |
| Name: | Name: |
| Title: | Title: |

---

[*Signature Page to Securities Transfer Agreement*]

## Exhibit 10.2

**Exhibit 10.2**

**SECURITIES TRANSFER AGREEMENT**

This Securities Transfer Agreement is dated as of __May 1____, 2026 (this "<u>Agreement</u>"), by and among Acri Capital Sponsor LLC, a Delaware limited liability company (the "<u>Seller</u>"), and the party identified on the signature page hereto (the "<u>Buyer</u>").

WHEREAS, the Seller holds certain shares of common stock, par value $0.0001 per share (the "<u>Common Stock</u>") of Foxx Development Holdings, Inc., a Delaware corporation (the "<u>Company</u>") and certain warrants (the "<u>Warrants</u>") of the Company, each exercisable for one share of Common Stock of the Company at an exercise price of $11.50 per share;

WHEREAS, on the terms and subject to the conditions set forth in this Agreement, the Seller wishes to transfer to the Buyer and the Buyer wishes to acquire from the Seller 635,000 shares of Common Stock and 2,500,000 Warrants.

NOW, THEREFORE, in consideration of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

Section 1. **Transfer of Subject Securities**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to the terms and conditions of this Agreement, the Seller hereby agrees to transfer to the Buyer and the Buyer agrees to acquire from the Seller, (i) 635,000 shares of Common Stock (the "<u>Subject Shares</u>") at a purchase price of $4.60 per share and (ii) 2,500,000 Warrants (the "<u>Subject Warrants</u>", together with the Subject Shares, the "<u>Subject Securities</u>") at a purchase price of $0.11 per Warrant, for an aggregate purchase price of $3,196,000 (the "<u>Purchase Price</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The closing (the "<u>Closing</u>") shall occur remotely via the exchange of documents and signatures, on the date and time mutually agreed by the Seller and the Buyer (the "<u>Closing Date</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) At the Closing, the Seller shall cause the Company deliver to the Buyer, against delivery by the Buyer of the Purchase Price, book-entry statement of the Company showing the ownership of the Buyer of the Subject Securities. At the Closing, the Buyer shall deliver or cause to be delivered to the Seller the Purchase Price by paying U.S. dollars by wire transfer as set forth in <u>Appendix A</u> enclosed herein.

Section 3. **Investment Representations**. The Buyer hereby acknowledges that an investment in the Subject Securities involves certain significant risks. The Buyer has no need for liquidity in its investment in the Subject Securities for the foreseeable future and is able to bear the risk of that investment for an indefinite period. The Buyer acknowledges and hereby agrees that the Subject Securities (including the shares of Common Stock underlying the Warrants) have not been registered under the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), or any state or other jurisdiction's securities laws and thus are "restricted securities" under Rule 144 of the Securities Act and will not be transferable under any circumstances unless registered by the Company in accordance with federal and state securities laws or sold in compliance with an exemption under such laws.

The Subject Securities are being acquired solely for the Buyer's own account, for investment purposes only, and are not being purchased with a view to or for the resale, distribution, subdivision or fractionalization thereof; and the Buyer has no present plans to enter into any contract, undertaking, agreement or arrangement for such resale, distribution, subdivision or fractionalization. The Buyer has been given the opportunity to (i) ask questions of and receive answers from the Seller and the Company concerning the terms and conditions of the Subject Securities, and the business and financial condition of the Company and (ii) obtain any additional information that the Seller possesses or can acquire without unreasonable effort or expense that is necessary to assist the Buyer in evaluating the advisability of the purchase of the Subject Securities and an investment in the Company. The Buyer is not relying on any oral representation made by any person as to the Company or its operations, financial condition or prospects. The Buyer is not relying on the Seller, the Company or their respective officers, directors or advisors with respect to the legal, tax, economic or other considerations of the Buyer relating to the purchase of the Subject Securities, and in regard to such considerations, the Buyer has relied on the advice of, or has consulted with, only its own advisors. The Buyer is not purchasing the Subject Securities as a result of or subsequent to any advertisement, article, notice or other communication published on the internet, in any newspaper, magazine or similar media or broadcast over television or radio, any seminar or meeting, or any solicitation of a subscription by a person not previously known to it in connection with investments in securities generally. The Buyer (i) has knowledge and experience in business and financial matters, prior investment experience, including investment in securities that are non-listed, unregistered and/or not traded on a national securities exchange; (ii) recognizes the highly speculative nature of the purchase of the Subject Securities; and (iii) is able to bear the economic risk that it hereby assumes. The Buyer is an "accredited investor" as defined in Rule 501(a) of Regulation D promulgated by the Commission under the Securities Act.

Section 4. **Representations and Warranties**. Each of the parties hereto represents and warrants, to the other parties as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Seller has good and marketable title to the Subject Securities held by such Seller free and clear of all liens and encumbrances and that, upon updating the records of ownership, the Buyer will have good and marketable title to the Subject Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each party has all requisite power and authority to execute, deliver and perform its obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The execution, delivery and performance by each party of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary action on the part of such party, and do not violate, conflict with or result in any breach or contravention of, or the creation of any lien under, any contractual obligation of such party, or any requirement under any law applicable to such party, and do not violate any judgment, injunction, suit, award, decree or order of any nature of any governmental authority against, or binding upon, such party, and (if such party is an entity) do not contravene the terms of such party's organizational documents, or any amendment thereof .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No approval, consent, compliance, exemption, authorization or other action by, or notice to or filing with, any governmental authority or any other person, and no lapse of a waiting period under any applicable law, is necessary or required in connection with the execution, delivery or performance by each party of this Agreement or the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) There are no actions, suits, proceedings, claims, complaints, disputes, arbitrations or investigations pending or, to the knowledge of each party, threatened, at law, in equity, in arbitration or before any governmental authority against such party purporting to enjoin or restrain the execution, delivery or performance by such party of this Agreement or the transactions contemplated hereby; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) This Agreement has been duly executed and delivered by each party and will be valid and binding on such party and enforceable against such party in accordance with its terms, except may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent transfer or conveyance, moratorium or similar laws affecting the enforcement of creditors rights generally and general equitable principles, regardless of whether such enforceability is considered in a proceeding at law or in equity.

Section 5. **Entire Agreement**. This Agreement contains the entire agreement between the parties hereto in respect of the subject matter contained herein and supersedes all prior agreements and understandings of the parties, oral and written, with respect to the subject matter contained herein.

Section 6. **Successors and Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns. Neither party shall assign this Agreement or any rights or obligations hereunder without the prior written consent of the other.

Section 7. **Binding Effect; Benefits**. This Agreement and all the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns; nothing in this Agreement, expressed or implied, is intended to confer on any persons other than the parties hereto or their respective successors and permitted assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement.

Section 8. **Amendment; Waivers**. All modifications, amendments or waivers to this Agreement shall require the written consent of each of the party.

Section 9. **Dispute Resolution.** The validity, interpretation, and performance of this Agreement shall be governed in all respects by the laws of the State of New York, without giving effect to conflicts of law principles thereof. Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be determined by arbitration administered by the International Centre for Dispute Resolution in accordance with its International Arbitration Rules.

Section 10. **Counterparts**. This Agreement may be executed in two or more counterparts, each of which will be deemed an original but all of which together will constitute one and the same instrument.

[*Signature Page Follows*]

IN WITNESS WHEREOF, the undersigned have executed this Agreement to be effective as of the date first set forth above.

---

| | |
|:---|:---|
| **SELLER:** | **SELLER:** |
| **ACRI CAPITAL SPONSOR LLC** | **ACRI CAPITAL SPONSOR LLC** |
| By: | /s/ Joy Yi Hua |
| Name: | Joy Yi Hua |
| Title: | Manager |
| **BUYER:** | **BUYER:** |
| **BAYROAD HOLDINGS LIMITED** | **BAYROAD HOLDINGS LIMITED** |
| By: | /s/ Xingrong Han |
| Name: | Xingrong Han |
| Title: | Director |

---

[*Signature Page to Securities Transfer Agreement*]

## Exhibit 10.3

**Exhibit 10.3**

**SECURITIES TRANSFER AGREEMENT**

This Securities Transfer Agreement is dated as of __May 1____, 2026 (this "<u>Agreement</u>"), by and among Acri Capital Sponsor LLC, a Delaware limited liability company (the "<u>Seller</u>"), and the party identified on the signature page hereto (the "<u>Buyer</u>").

WHEREAS, the Seller holds certain shares of common stock, par value $0.0001 per share (the "<u>Common Stock</u>") of Foxx Development Holdings, Inc., a Delaware corporation (the "<u>Company</u>") and certain warrants (the "<u>Warrants</u>") of the Company, each exercisable for one share of Common Stock of the Company at an exercise price of $11.50 per share;

WHEREAS, on the terms and subject to the conditions set forth in this Agreement, the Seller wishes to transfer to the Buyer and the Buyer wishes to acquire from the Seller 365,000 shares of Common Stock and 1,843,923 Warrants.

NOW, THEREFORE, in consideration of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

Section 1. **Transfer of Subject Securities**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to the terms and conditions of this Agreement, the Seller hereby agrees to transfer to the Buyer and the Buyer agrees to acquire from the Seller, (i) 365,000 shares of Common Stock (the "<u>Subject Shares</u>") at a purchase price of $4.60 per share and (ii) 1,843,923 Warrants (the "<u>Subject Warrants</u>", together with the Subject Shares, the "<u>Subject Securities</u>") at a purchase price of $0.11 per Warrant, for an aggregate purchase price of $1,881,831.53 (the "<u>Purchase Price</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The closing (the "<u>Closing</u>") shall occur remotely via the exchange of documents and signatures, on the date and time mutually agreed by the Seller and the Buyer (the "<u>Closing Date</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) At the Closing, the Seller shall cause the Company deliver to the Buyer, against delivery by the Buyer of the Purchase Price, book-entry statement of the Company showing the ownership of the Buyer of the Subject Securities. At the Closing, the Buyer shall deliver or cause to be delivered to the Seller the Purchase Price by paying U.S. dollars by wire transfer as set forth in <u>Appendix A</u> enclosed herein.

Section 3. **Investment Representations**. The Buyer hereby acknowledges that an investment in the Subject Securities involves certain significant risks. The Buyer has no need for liquidity in its investment in the Subject Securities for the foreseeable future and is able to bear the risk of that investment for an indefinite period. The Buyer acknowledges and hereby agrees that the Subject Securities (including the shares of Common Stock underlying the Warrants) have not been registered under the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), or any state or other jurisdiction's securities laws and thus are "restricted securities" under Rule 144 of the Securities Act and will not be transferable under any circumstances unless registered by the Company in accordance with federal and state securities laws or sold in compliance with an exemption under such laws.

The Subject Securities are being acquired solely for the Buyer's own account, for investment purposes only, and are not being purchased with a view to or for the resale, distribution, subdivision or fractionalization thereof; and the Buyer has no present plans to enter into any contract, undertaking, agreement or arrangement for such resale, distribution, subdivision or fractionalization. The Buyer has been given the opportunity to (i) ask questions of and receive answers from the Seller and the Company concerning the terms and conditions of the Subject Securities, and the business and financial condition of the Company and (ii) obtain any additional information that the Seller possesses or can acquire without unreasonable effort or expense that is necessary to assist the Buyer in evaluating the advisability of the purchase of the Subject Securities and an investment in the Company. The Buyer is not relying on any oral representation made by any person as to the Company or its operations, financial condition or prospects. The Buyer is not relying on the Seller, the Company or their respective officers, directors or advisors with respect to the legal, tax, economic or other considerations of the Buyer relating to the purchase of the Subject Securities, and in regard to such considerations, the Buyer has relied on the advice of, or has consulted with, only its own advisors. The Buyer is not purchasing the Subject Securities as a result of or subsequent to any advertisement, article, notice or other communication published on the internet, in any newspaper, magazine or similar media or broadcast over television or radio, any seminar or meeting, or any solicitation of a subscription by a person not previously known to it in connection with investments in securities generally. The Buyer (i) has knowledge and experience in business and financial matters, prior investment experience, including investment in securities that are non-listed, unregistered and/or not traded on a national securities exchange; (ii) recognizes the highly speculative nature of the purchase of the Subject Securities; and (iii) is able to bear the economic risk that it hereby assumes. The Buyer is an "accredited investor" as defined in Rule 501(a) of Regulation D promulgated by the Commission under the Securities Act.

Section 4. **Representations and Warranties**. Each of the parties hereto represents and warrants, to the other parties as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Seller has good and marketable title to the Subject Securities held by such Seller free and clear of all liens and encumbrances and that, upon updating the records of ownership, the Buyer will have good and marketable title to the Subject Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each party has all requisite power and authority to execute, deliver and perform its obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The execution, delivery and performance by each party of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary action on the part of such party, and do not violate, conflict with or result in any breach or contravention of, or the creation of any lien under, any contractual obligation of such party, or any requirement under any law applicable to such party, and do not violate any judgment, injunction, suit, award, decree or order of any nature of any governmental authority against, or binding upon, such party, and (if such party is an entity) do not contravene the terms of such party's organizational documents, or any amendment thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No approval, consent, compliance, exemption, authorization or other action by, or notice to or filing with, any governmental authority or any other person, and no lapse of a waiting period under any applicable law, is necessary or required in connection with the execution, delivery or performance by each party of this Agreement or the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) There are no actions, suits, proceedings, claims, complaints, disputes, arbitrations or investigations pending or, to the knowledge of each party, threatened, at law, in equity, in arbitration or before any governmental authority against such party purporting to enjoin or restrain the execution, delivery or performance by such party of this Agreement or the transactions contemplated hereby; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) This Agreement has been duly executed and delivered by each party and will be valid and binding on such party and enforceable against such party in accordance with its terms, except may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent transfer or conveyance, moratorium or similar laws affecting the enforcement of creditors rights generally and general equitable principles, regardless of whether such enforceability is considered in a proceeding at law or in equity.

Section 5. **Entire Agreement**. This Agreement contains the entire agreement between the parties hereto in respect of the subject matter contained herein and supersedes all prior agreements and understandings of the parties, oral and written, with respect to the subject matter contained herein.

Section 6. **Successors and Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns. Neither party shall assign this Agreement or any rights or obligations hereunder without the prior written consent of the other.

Section 7. **Binding Effect; Benefits**. This Agreement and all the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns; nothing in this Agreement, expressed or implied, is intended to confer on any persons other than the parties hereto or their respective successors and permitted assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement.

Section 8. **Amendment; Waivers**. All modifications, amendments or waivers to this Agreement shall require the written consent of each of the party.

Section 9. **Dispute Resolution.** The validity, interpretation, and performance of this Agreement shall be governed in all respects by the laws of the State of New York, without giving effect to conflicts of law principles thereof. Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be determined by arbitration administered by the International Centre for Dispute Resolution in accordance with its International Arbitration Rules.

Section 10. **Counterparts**. This Agreement may be executed in two or more counterparts, each of which will be deemed an original but all of which together will constitute one and the same instrument.

[*Signature Page Follows*]

IN WITNESS WHEREOF, the undersigned have executed this Agreement to be effective as of the date first set forth above.

---

| | |
|:---|:---|
| **SELLER:** | **SELLER:** |
| **ACRI CAPITAL SPONSOR LLC** | **ACRI CAPITAL SPONSOR LLC** |
| By: | /s/ Joy Yi Hua |
| Name: | Joy Yi Hua |
| Title: | Manager |
| **BUYER:** | **BUYER:** |
| **GRAZYNA PLAWINSKI LIMITED** | **GRAZYNA PLAWINSKI LIMITED** |
| By: | /s/ Xiaohan Li |
| Name: | Xiaohan Li |
| Title: | Director |

---

[*Signature Page to Securities Transfer Agreement*]

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**FOXX DEVELOPMENT HOLDINGS INC.**

*(Name of Issuer)*

**Common Stock, par value $0.0001 per share**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Joy Yi Hua**<br>Foxx Development Holdings Inc.<br>13575 Barranca Parkway C106<br>Irvine CA 92618<br>201-962-5550

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**05/01/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Acri Capital Sponsor LLC** | Name of reporting person<br>**Acri Capital Sponsor LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**2356250.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**2356250.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2356250.00** | Aggregate amount beneficially owned by each reporting person<br>**2356250.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**28.71%** | Percent of class represented by amount in Row (11)<br>**28.71%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** (1) Representing 1,156,250 shares of common stock, par value $0.0001 per share of the Issuer ("Common Stock"), and 1,200,000 warrants ("Warrants") exercisable for one share of Common Stock at an exercise price of $11.50 per share.

(2) Percentage is calculated based on 7,006,388 shares of the Common Stock outstanding as of May 1, 2026.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Joy Yi Hua** | Name of reporting person<br>**Joy Yi Hua** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**2377942.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**2377942.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2377942.00** | Aggregate amount beneficially owned by each reporting person<br>**2377942.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**28.98%** | Percent of class represented by amount in Row (11)<br>**28.98%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** (3) Including (i) 21,692 shares of Common Stock held by Ms. Joy Yi Hua, and (ii) 1,156,250 shares of Common Stock, and 1,200,000 Warrants held by Acri Capital Sponsor LLC. Ms. Joy Yi Hua is the sole member and manager of Acri Capital Sponsor LLC and therefore is deemed to have voting and dispositive control over the securities held by Acri Capital Sponsor LLC.

(4) Percentage is calculated based on 7,006,388 shares of the Common Stock outstanding as of May 1, 2026.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.0001 per share

**(b) Name of Issuer:**
FOXX DEVELOPMENT HOLDINGS INC.

**(c) Address of Issuer's Principal Executive Offices:**
13575 Barranca Parkway C106, Irvine, CA, 92618

The securities to which this Amendment No. 1 to Schedule 13D relates are Common Stock, par value $0.0001 per share (the "Common Stock"), issued by Foxx Development Holdings Inc. (the "Issuer").

**Item 4. Purpose of Transaction**

On May 1, 2026, Sponsor LLC entered into a Securities Transfer Agreement with New Bay Capital Limited ("New Bay"), pursuant to which New Bay agreed to purchase 2,300,000 Warrants from Sponsor LLC at a purchase price of $0.11 per Warrant.

On May 1, 2026, Sponsor LLC entered into a Securities Transfer Agreement with BayRoad Holdings Limited ("BayRoad"), pursuant to which BayRoad agreed to purchase from Sponsor LLC (i) 635,000 shares of Common Stock at a purchase price of $4.60 per share and (ii) 2,500,000 Warrants at a purchase price of $0.11 per Warrant.

On May 1, 2026, Sponsor LLC entered into a Securities Transfer Agreement with Grazyna Plawinski Limited ( "Grazyna"), pursuant to which Grazyna agreed to purchase from Sponsor LLC (i) 365,000 shares of Common Stock at a purchase price of $4.60 per share and (ii) 1,843,923 Warrants at a purchase price of $0.11 per Warrant.

Except as set forth in this Item 4, none of the Reporting Persons has any plans or proposals that relate to or would result in: (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change in the present board of directors (the "Board") or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer's business or corporate structure, including but not limited to, if the issuer is a registered closed-end investment company; (g) changes in the Issuer's charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended; or (j) any action similar to any of those enumerated above.

The Reporting Persons may, at any time and from time to time, formulate other purposes, plans or proposals regarding the Issuer, or any other actions that could involve one or more of the types of transactions or have one or more of the results described in clauses (a) through (j) in the preceding paragraph.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The responses to Items 7 - 13 of the cover pages of this Schedule 13D are incorporated herein by reference.

Other than the disposition of the shares as reported in this Schedule 13D, no actions in the common stock were effected during the past sixty (60) days by the Reporting Persons.

**(b)**
—

**(c)**
—

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The information set forth in Items 4 of this Schedule 13D are hereby incorporated by reference into this Item 6.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Acri Capital Sponsor LLC

**Signature:** /s/ Joy Yi Hua

**Name/Title:** Joy Yi Hua/Manager and Sole Member

**Date:** 05/05/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Joy Yi Hua

**Signature:** /s/ Joy Yi Hua

**Name/Title:** Joy Yi Hua

**Date:** 05/05/2026