Foxx Development receives Nasdaq deficiency notice for MVLS below $35M threshold

Foxx Development Holdings Inc.

Received Nasdaq letter on July 22, 2026 for MVLS below $35M for 30 consecutive business days.
Compliance period ends January 19, 2027; must close at $35M+ for 10 consecutive days.
If not compliant by deadline, Nasdaq will issue delisting notice; company may appeal.
Company intends to monitor MVLS and consider options to regain compliance.

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