DelistingJul 29, 2026, 04:08 PM
Foxx Development Gets Nasdaq Delisting Notice for MVLS Below $35M
AI Summary
Foxx Development Holdings Inc. received a deficiency letter from Nasdaq on July 22, 2026, notifying the company that its market value of listed securities (MVLS) had fallen below the required $35,000,000 threshold. The company has until January 19, 2027, to regain compliance by ensuring its MVLS closes at $35 million or more for a minimum of ten consecutive business days. There is no assurance that the company will be able to regain or maintain compliance, which could result in delisting.
Key Highlights
- Received Nasdaq deficiency letter on July 22, 2026.
- Market value of listed securities (MVLS) fell below $35,000,000.
- Violated Nasdaq Listing Rule 5550(b)(2) for continued listing.
- Company has until January 19, 2027, to regain compliance.
- Must maintain MVLS of $35M or more for 10 consecutive business days.
- Failure to comply could lead to delisting from Nasdaq.
Price Impact
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