Nasdaq Grants Borqs Technologies Another 180 Days to Regain $1 Bid Price Compliance
February 16 2022 - 9:30AM
Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”),
a global provider of 5G wireless solutions, Internet of Things
(IoT) solutions, and innovative clean energy, announces that Nasdaq
Listing Qualifications has provided written notice dated February
15, 2022, that the Company is eligible for another 180 calendar day
period, or until August 15, 2022, to regain compliance with
Nasdaq’s minimum $1 bid price requirement. The Company has provided
written notice, as required by Nasdaq, of our intention to cure the
deficiency during the second compliance period by effecting a
reverse stock split, if necessary. Compliance can be attained
during this additional time period if the closing bid price of the
Company’s security is at least $1 per share for a minimum of 10
consecutive business days.
Investor Contact:Sandra DouVice President of Corporate
FinanceBorqs Technologies,
Inc.sandra.dou@borqs.netwww.borqs.com
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