6-K
Borqs Technologies, Inc. (BRQSF)
UNITED STATES
SECURITIES AND EXCHANGECOMMISSION
Washington, D.C. 20549
FORM 6-K
REPORTOF FOREIGN PRIVATE ISSUER
PURSUANTTO RULE 13A-16 OR 15D-16OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of May2023
BORQSTECHNOLOGIES, INC.
| Commission File Number 001-37593 |
|---|
| (Translation<br> of registrant’s name into English) |
| Office B, 21/F, Legend Tower, 7 Shing Yip Street<br><br> <br>Kwun Tong, Kowloon, Hong Kong |
| --- |
| (Address of<br> principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
On May 3, 2023 Borqs Technologies, Inc. issued the press release attached hereto as Exhibit 99.1 and incorporated herein by reference.
EXHIBIT INDEX
| Number | Description of Exhibit |
|---|---|
| 99.1 | Press release dated May 3, 2023 |
1
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| BORQS TECHNOLOGIES INC. | ||
|---|---|---|
| (registrant) | ||
| Dated: May 3, 2023 | By: | /s/ Henry Sun |
| Henry Sun | ||
| Chief Financial Officer |
2
Exhibit 99.1
Borqs Technologies Requests for Hearing regardingthe
$1 Minimum Bid Price Deficiency
On May 3, 2023, Borqs Technologies, Inc. (Nasdaq: BRQS, or the “Company”) a global provider of 5G wireless solutions, Internet of Things (IoT) solutions, and innovative clean energy, announced that it received written notification from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company has not regained compliance with the minimum bid price of $1 required for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”).
The Company has engaged the firm of Donohoe Advisory Associates LLC to request a hearing which will stay the suspension or delisting action pending the hearing and the expiration of any extension period granted by the Panel following the hearing. Consequently, the Company’s ordinary shares are expected to remain listed on The Nasdaq Capital Market at least until the Panel renders a decision following the hearing. There can be no assurance that the Panel will determine to continue the Company’s listing on The Nasdaq Capital Market or that the Company will timely evidence compliance with the terms of any extension that may be granted by the Panel following the hearing.
Investor Contact:
Sandra Dou
Vice President of Corporate Finance
Borqs Technologies, Inc.
sandra.dou@borqs.net
www.borqs.com