Acri Capital Sponsor LLC - 09 Jun 2022 Form 3 Insider Report for Acri Capital Acquisition Corp

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
3
Accepted by SEC
09 Jun 2022, 21:03:02 UTC
Next SEC filing
26 Sep 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Joy Yi Hua

Key filing fact

Acri Capital Sponsor LLC filed Form 3 for Acri Capital Acquisition Corp on 09 Jun 2022.

Key facts

  • This page summarizes Acri Capital Sponsor LLC's Form 3 filing for Acri Capital Acquisition Corp.
  • 0 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 09 Jun 2022, 21:03.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ACAC holding

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,156,250
Date
09 Jun 2022
Ownership
See footnote
Footnotes
F1, F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ACAC holding Derivative

Private Placement Warrants

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
09 Jun 2022
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
5,671,250
Exercise price
$11.50
Footnotes
F2, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Class B common stock will automatically convert into Class A common stock on one-for-one basis, subject to certain adjustments as provided in the amended and restated certificate of incorporation of Acri Capital Acquisition Corporation ("Issuer") upon the consummation of an initial business combination.

Footnote F2

In connection with the closing of the initial public offering of the Issuer on June 9, 2022 and assuming the exercise of the over-allotment option in full by underwriters, Joy Yi Hua is deemed to beneficially own 2,156,250 shares of Class B Common Stock and 5,671,250 private placement warrants held by Acri Capital Sponsor LLC.

Footnote F3

Acri Capital Sponsor LLC is the record holder of the shares reported herein. Joy Yi Hua is the manager of Acri Capital Sponsor LLC. As such. Ms. Hua is deemed to have beneficial ownership of the shares of common stock held directly by Acri Capital Sponsor LLC. Ms. Hua disclaims beneficial ownership over any securities owned by our sponsor in which she does not have any pecuniary interest.

Footnote F4

As described in the Warrant Agreement, dated June 9, 2022, between the Issuer and Vstock Transfer, LLC (the "Warrant Agent"), and filed as Exhibit 4.4 to the issuer's registration statement on Form S-1 (File No. 333-263477) (the "Registration Statement"), the private placement warrants may be exercised only during the period (a) commencing on the later of: (i) the date of the consummation by the Company of a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities (described in the Registration Statement), and (ii) the date that is twelve (12) months from the date of the closing of the Public Offering, and (b) 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 the date on which the Company consummates a Business Combination, (ii) at 5:00 p.m., New York City time on the Redemption Date as provided in Section 6.2 of the Warrant Agreement and (iii) the liquidation of the Trust Account (as described in the Registration Statement).

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