Foxx Development (ACAC) announced it has regained compliance with Nasdaq Listing Rule 5550(b)(2) after Nasdaq confirmed the company met the minimum market value of listed securities requirement.
Nasdaq previously notified the company on November 5, 2025 of a deficiency; Foxx Development's MVLS was $35,000,000 or greater for the 15 consecutive business days from March 31, 2026 through April 21, 2026, and the listing matter is now closed. Common stock and public warrants will continue trading on The Nasdaq Capital Market under the symbols FOXX and FOXXW.
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Positive
Regained Nasdaq compliance under Listing Rule 5550(b)(2)
MVLS met or exceeded $35,000,000 for 15 consecutive business days
Listing matter closed; securities continue trading on Nasdaq Capital Market
Negative
Nasdaq notified company of MVLS deficiency on November 5, 2025
Key Figures
MVLS requirement:$35,000,000Non-compliance window:30 consecutive business daysCompliance window:15 consecutive business days+5 more
Non-compliance window30 consecutive business daysPeriod below MVLS requirement before November 5, 2025 notice
Compliance window15 consecutive business daysMVLS at or above $35,000,000 from March 31–April 21, 2026
Initial Nasdaq notice dateNovember 5, 2025Notification of MVLS non-compliance
Compliance period startMarch 31, 2026Start of 15-day MVLS compliance period
Compliance period endApril 21, 2026End of 15-day MVLS compliance period
Pre-news price change-13.51%Move over prior 24h before compliance news
52-week range$9.88–$14.99Stock trading between 52-week low and high pre-news
Market Reality Check
Price:$11.20Vol:Volume 3,869 vs 20-day av...
low vol
$11.20Last Close
VolumeVolume 3,869 vs 20-day average 14,026 (relative volume 0.28) ahead of this compliance news.low
TechnicalPrice at 11.2, trading below 200-day MA of 11.34 before the compliance announcement.
Market Pulse Summary
This announcement highlights that the company regained compliance with Nasdaq Listing Rule 5550(b)(2...
Analysis
This announcement highlights that the company regained compliance with Nasdaq Listing Rule 5550(b)(2) by maintaining MVLS of at least $35,000,000 for 15 consecutive business days. The listing matter was officially closed, and both common stock and public warrants continued trading on the Nasdaq Capital Market. Investors may track whether restored listing stability, combined with trading below the 52-week high, affects longer-term liquidity and valuation.
Key Terms
market value of listed securities, nasdaq capital market, listing rule 5550(b)(2), public warrants
4 terms
market value of listed securitiesregulatory
"it had not maintained a minimum market value of listed securities ("MVLS") of $35,000,000"
The market value of listed securities is the total worth of stocks, bonds and other tradable instruments quoted on an exchange, measured using the prices investors are willing to pay right now. It’s calculated by multiplying each security’s current market price by the number of units outstanding and adding those amounts together, like totaling the value of every item in a store at today’s prices. Investors watch this because it shows the size, liquidity and overall health of the market or a company’s publicly traded portion, and it influences index weights, fund allocations and perceived risk.
nasdaq capital marketregulatory
"as required for continued listing on The Nasdaq Capital Market under Listing Rule 5550(b)(2)"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
listing rule 5550(b)(2)regulatory
"regained compliance with Nasdaq Listing Rule 5550(b)(2), and that the related listing matter"
A Nasdaq listing rule that sets the minimum share-price requirement for companies on the Nasdaq Capital Market and describes how firms can remain listed if their stock trades below that floor but they meet other financial or market-size tests. For investors, it matters because falling below the rule can trigger delisting risk—like a product failing a quality check—while meeting the alternative tests can buy time and affect liquidity, visibility and access to capital.
public warrantsfinancial
"The Company's common stock and public warrants will continue to trade on The Nasdaq Capital Market"
Public warrants are tradable securities that give the holder the right to buy a company’s stock at a fixed price before a set expiration date. Like a coupon that lets you purchase shares later at a preset price, they matter to investors because using them can bring new cash into the company but also increase the total number of shares outstanding, which can dilute existing ownership and influence the stock’s price and potential gains.
AI-generated analysis. Not financial advice.
Irvine, CA , May 04, 2026 (GLOBE NEWSWIRE) -- Foxx Development Holdings Inc. ("Foxx Development" or the "Company") (Nasdaq: FOXX), a leading provider of consumer electronics and integrated Internet-of-Things (IoT) solutions for retail and institutional clients, today announced that it has received written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(b)(2), and that the related listing matter is now closed.
On November 5, 2025, Nasdaq notified the Company that it had not maintained a minimum market value of listed securities ("MVLS") of $35,000,000 over the previous 30 consecutive business days, as required for continued listing on The Nasdaq Capital Market under Listing Rule 5550(b)(2). Nasdaq has since advised the Company that, for the 15 consecutive business days from March 31, 2026, through April 21, 2026, the Company's MVLS was $35,000,000 or greater, and that the Company has accordingly regained compliance with the rule.
The Company's common stock and public warrants will continue to trade on The Nasdaq Capital Market under the symbols "FOXX" and "FOXXW," respectively.
About Foxx Development Holdings Inc.
Foxx Development is a consumer electronics and integrated Internet-of-Things (IoT) solution company catering to both retail and institutional clients. With robust research and development capabilities and a strategic commitment to cultivating long-term partnerships with mobile network operators, distributors and suppliers around the world, it currently sells a diverse range of products including mobile phones, tablets and other consumer electronics devices throughout the United States, and is in the process of developing and distributing end-to-end communication terminals and IoT solutions. For more information, please visit http://foxxusa.com and http://ir.foxxusa.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (“Exchange Act”). Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties, and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.
Investor Relations Contact:
International Elite Capital Annabelle Zhang Telephone: +1 (646) 866-7928 Email: foxx@iecapitalusa.com
FAQ
How did Foxx Development (ACAC) regain Nasdaq compliance on May 4, 2026?
Foxx Development regained compliance by meeting Nasdaq's MVLS threshold for the specified period. According to company, its MVLS was at least $35,000,000 for the 15 consecutive business days from March 31, 2026 through April 21, 2026.
What was the Nasdaq deficiency notice date for Foxx Development (ACAC)?
Nasdaq issued a deficiency notice on November 5, 2025 regarding MVLS. According to company, Nasdaq said Foxx Development had not maintained the required $35,000,000 MVLS over the prior 30 consecutive business days.
Will Foxx Development (ACAC) shares remain listed on Nasdaq after regaining compliance?
Yes. According to company, the listing matter is closed and its common stock and public warrants will continue trading. The securities will trade on The Nasdaq Capital Market under FOXX and FOXXW.
What MVLS threshold did Foxx Development (ACAC) need to meet for Nasdaq compliance?
The company needed a minimum market value of listed securities of $35,000,000. According to company, it met or exceeded that threshold for the required consecutive business days period.
Which dates established Foxx Development's (ACAC) compliance period with Nasdaq?
The compliance period was the 15 consecutive business days from March 31, 2026 through April 21, 2026. According to company, Nasdaq confirmed MVLS was at or above $35,000,000 across those dates.
