Foxx Development to join Russell Microcap Index after June 27 reconstitution

Foxx Development Holdings Inc.

Foxx Development (FOXX) will be added to the Russell Microcap Index following FTSE Russell's preliminary 2025 annual reconstitution list.
Index reconstitution takes effect after U.S. market close on June 27, 2025.
CEO Greg Foley said inclusion validates financial performance and may attract institutional investors.
Inclusion based on meeting market capitalization and liquidity requirements; company among telecoms added.
Expected to enhance visibility and potential liquidity as index funds automatically purchase shares.

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