Foxx Development Holdings Faces Nasdaq Delisting Risk Over Market Value
Reuters
Nov 11
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.
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