2023-05-03 09:39:46 ET
- Borqs Technologies ( NASDAQ: BRQS ) said on Wednesday that the 5G wireless solutions provider has received a Nasdaq notice on not having regained compliance and is set to request a hearing to stay the delisting process.
- The company received a notice on not having regained compliance with the stock exchange's minimum bid price rule, after being notified of non-compliance in November 2022.
- The company has engaged Donohoe Advisory Associates to request the hearing which is expected to stay the suspension or delisting action.
- Borqs' shares are expected to remain listed at least until the Hearings Panel renders a decision.
- BRQS shares were trading -1.68% pre-market.
- Source: Press Release
For further details see:
Borqs receives Nasdaq notice on not regaining compliance, set to request hearing on delisting stay