Clear Street LLC Acquires 10.5% Stake in Foxx Development Holdings Inc. (FOXX)

Clear Street LLC has filed a Schedule 13G with the SEC, reporting a significant new ownership stake in Foxx Development Holdings Inc. (FOXX). As of the event date on May 5, 2026, the New York-based financial firm acquired 735,549 shares of common stock, representing a 10.5% ownership interest in the company. This filing marks a substantial entry into FOXX for Clear Street LLC, which previously held no shares. The reporting person, categorized as a broker-dealer, holds sole voting and dispositive power over the entirety of these shares. The transaction was triggered on May 5, 2026, and officially filed on May 14, 2026. The issuer is based in Austin, Texas, and specializes in development holdings. This 10.5% stake places Clear Street LLC as a major institutional holder, surpassing the 5% regulatory threshold for beneficial ownership reporting. The filing was signed by John DiBacco, Head of Markets Trading at Clear Street LLC.