BEIJING, Oct. 18, 2017 /PRNewswire/ -- Borqs Technologies,
Inc. today announced that on October 12,
2017, the Company received notice from the Listing
Qualifications Staff of The NASDAQ Stock Market LLC ("Nasdaq")
that, based upon the Company's non-compliance with the minimum
round lot shareholder requirements for the listing of its common
stock and warrants on The Nasdaq Capital Market under Nasdaq
Listing Rules 5505(a)(3) and 5515(a)(4), respectively, these
securities would be subject to delisting from Nasdaq unless the
Company timely requests a hearing before the Nasdaq Hearings Panel
(the "Panel"). The Company intends to timely request a hearing
before the Panel, and that request will stay any delisting action
by Nasdaq at least pending the issuance of the Panel's decision
following the hearing and the expiration of any extension of time
granted to the Company by the Panel.
About Borqs Technologies, Inc. (Nasdaq: BRQS)
Borqs Technologies, Inc. is a global leader in embedded software
and products for the Internet of Things (IoT), providing customizable,
differentiated and scalable Android-based smart-connected mobile
devices and cloud-service solutions. With research and development
centers in China and India, and a strong presence in the
USA, Borqs designs, develops and
provides turnkey solutions to develop human potential and enable a more
intelligent and interconnected planet.
For more information about Borqs, please visit:
http://www.borqs.com/.
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SOURCE Borqs Technologies, Inc.