RegulatoryMay 4, 2026, 09:02 AM
Foxx Development Regains Nasdaq Listing Compliance
AI Summary
Foxx Development Holdings Inc. announced it has regained compliance with Nasdaq Listing Rule 5550(b)(2) regarding the minimum market value of listed securities (MVLS). The company was previously notified on November 5, 2025, for failing to maintain an MVLS of $35,000,000. Nasdaq confirmed compliance after Foxx Development maintained an MVLS of $35,000,000 or greater for 15 consecutive business days from March 31, 2026, to April 21, 2026, closing the related listing matter.
Key Highlights
- Foxx Development regained compliance with Nasdaq Listing Rule 5550(b)(2).
- The company was previously notified on November 5, 2025, for not maintaining minimum MVLS.
- Nasdaq requires a minimum market value of listed securities (MVLS) of $35,000,000.
- Foxx Development maintained MVLS of $35,000,000 or greater for 15 consecutive business days.
- The compliance period was from March 31, 2026, through April 21, 2026.
- The related Nasdaq listing matter is now closed.
- Common stock and public warrants will continue to trade on The Nasdaq Capital Market.
Price Impact
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