Highbridge reports 2.7% Foxx Development Holdings (FOXX) ownership via warrants
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Highbridge Capital Management, LLC filed an amended Schedule 13G reporting beneficial ownership of 190,227 shares of Foxx Development Holdings Inc. common stock, representing 2.7% of the class as of an aggregate 6,962,811 shares outstanding on November 28, 2025, assuming warrant exercise.
The stake is held through certain Highbridge-managed funds via warrants exercisable into common stock, with Highbridge having sole voting and dispositive power over these shares. Highbridge certifies the position is held in the ordinary course of business and not for the purpose of influencing control of Foxx Development Holdings Inc.
Positive
- None.
Negative
- None.
FAQ
What ownership stake in FOXX does Highbridge Capital Management report on this Schedule 13G/A?
Highbridge Capital Management reports beneficial ownership of 2.7% of Foxx Development Holdings’ common stock. This percentage is based on 6,962,811 shares outstanding as of November 28, 2025 and assumes the exercise of warrants held by funds advised by Highbridge.
Does this Highbridge Schedule 13G/A filing indicate control intentions over FOXX?
The filing explicitly states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Foxx Development Holdings, nor in connection with any transaction intended to have that control-related effect.
Who actually holds the FOXX securities reported by Highbridge Capital Management?
The common stock reported is issuable upon exercise of warrants directly held by certain Highbridge Funds. Highbridge Capital Management, LLC acts as investment adviser to these funds and reports beneficial ownership, while noting that this does not constitute an admission of beneficial ownership for all purposes.
What voting and dispositive powers does Highbridge have over its FOXX position?
Highbridge reports sole voting power and sole dispositive power over 190,227 shares of Foxx common stock issuable upon warrant exercise. It reports no shared voting or dispositive power with other parties for these securities in this Schedule 13G/A amendment.
Why does the filing note ownership of 5 percent or less of FOXX’s common stock?
Item 5 confirms Highbridge’s beneficial ownership is 5 percent or less of Foxx’s outstanding common stock. At 2.7%, the stake remains below key regulatory thresholds associated with larger influence, consistent with a passive institutional investment disclosed on Schedule 13G.