Borqs Technologies Receives Nasdaq Notification Regarding Minimum Market Value Deficiency
Portfolio Pulse from Happy Mohamed
Borqs Technologies, Inc. (NASDAQ:BRQS) has received a deficiency notification from Nasdaq for not maintaining a minimum market value of $35 million for 30 consecutive business days. The company has until March 13, 2024, to regain compliance or face delisting. Borqs intends to regain compliance within the given period.
September 20, 2023 | 8:31 pm
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Borqs Technologies has been warned by Nasdaq over a minimum market value deficiency. The company has until March 2024 to regain compliance or face delisting.
The news of the Nasdaq deficiency notification could negatively impact investor sentiment towards Borqs Technologies, potentially leading to a decrease in the company's stock price in the short term. The company's ability to regain compliance will be a key factor to watch in the coming months.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100