Borqs Regained Compliance with Nasdaq’s Minimum Bid Price Rule
14 Julho 2022 - 10:00AM
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, with global
operations in the U.S., India and China, today announced that it
received a letter dated July 12, 2022 from Nasdaq Listing
Qualifications that: “Staff has determined that for the last 10
consecutive business days, from June 27 through July 11, 2022, the
closing bid price of the Company’s common stock has been at $1.00
per share or greater. Accordingly, the Company has regained
compliance with Listing Rule 5550(a)(2), and this matter is now
closed.”
About Borqs Technologies,
Inc.Borqs Technologies is a global leader in software and
products for the IoT, providing customizable, differentiated and
scalable Android-based smart connected devices and cloud service
solutions. Borqs has achieved leadership and customer recognition
as an innovative end-to-end IoT solutions provider leveraging its
strategic chipset partner relationships as well as its broad
software and IP portfolio. Borqs’ unique strengths include its
Android and Android Wear Licenses which enabled the Company to
develop a software IP library covering chipset software, Android
enhancements, domain specific usage and system performance
optimization, suitable for large and low volume customized
products, and is also currently in development of 5G products for
phones and hotspots. The Company acquired controlling shares of the
solar energy storage system entity, Holu Hou Energy LLC, in October
2021.
Investor Contact:Sandra DouVice President of
Corporate FinanceBorqs Technologies,
Inc.sandra.dou@borqs.net www.borqs.com
Borqs Technologies (NASDAQ:BRQS)
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