Foxx Development Restores $35M Market Value to Regain Nasdaq Compliance
Foxx Development regained compliance with Nasdaq Listing Rule 5550(b)(2) by achieving a minimum market value of listed securities of $35,000,000 for 15 consecutive business days from March 31 to April 21, 2026. The listing matter is closed, ensuring continued trading of Foxx stock and warrants.
1. Nasdaq Compliance Restored
On May 4, 2026, Foxx Development received written notification that its market value of listed securities reached the required $35,000,000 threshold for 15 consecutive business days (March 31–April 21, 2026), bringing its Nasdaq listing status back into compliance and closing the deficiency case.
2. Initial Non-Compliance Issue
On November 5, 2025, Nasdaq notified Foxx Development that it had failed to maintain the $35,000,000 MVLS requirement over a 30-day period, triggering a compliance warning under Listing Rule 5550(b)(2).
3. Trading Status Maintained
With the deficiency matter closed, Foxx common stock and public warrants will continue trading on The Nasdaq Capital Market under the symbols FOXX and FOXXW, avoiding any delisting action.
4. Company Business Focus
Foxx Development designs and sells consumer electronics and integrated IoT solutions to retail and institutional clients, offering products such as mobile phones, tablets and end-to-end communication terminals while partnering with mobile network operators, distributors and suppliers.