Foxx Development Holdings Faces Nasdaq Delisting Risk Over Market Value
Foxx Development Holdings Inc. announced it has received a deficiency letter from the Nasdaq Listing Qualifications Department, indicating that the company's market value of listed securities has fallen below the $35 million minimum required for continued listing on the Nasdaq Capital Market. The company now has until May 4, 2026, to regain compliance by maintaining a market value of at least $35 million for ten consecutive business days. If Foxx Development Holdings fails to meet this requirement, its securities may be subject to delisting, though the company would have the opportunity to appeal the decision.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Foxx Development Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-108203), on November 10, 2025, and is solely responsible for the information contained therein.
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