BRQS - Borqs Technologies gets 180-day extension to comply with Nasdaq's minimum bid price rule

Borqs Technologies (NASDAQ:BRQS) said Nasdaq notified that BRQS is eligible for another 180-day period, or until Aug. 15, 2022, to regain compliance with Nasdaq’s minimum $1 bid price rule. BRQS provided written notice, as required by Nasdaq, of its 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 BRQS stock is at least $1/share for 10 consecutive business days. BRQS stock rose 6% following the announcement.

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Borqs Technologies gets 180-day extension to comply with Nasdaq’s minimum bid price rule