Borqs Technologies (BRQS) Stock: Why The Price Increased

By Amit Chowdhry ● Feb 17, 2022
  • The stock price of Borqs Technologies, Inc. (Nasdaq: BRQS) increased by 8.26% in the most recent trading session. This is why it happened.

The stock price of Borqs Technologies, Inc. (Nasdaq: BRQS) increased by 8.26% in the most recent trading session. Investors are responding positively to Borqs Technologies announcing that Nasdaq Listing Qualifications has provided written notice dated February 15, 2022, that the company is eligible for another 180 calendar day period, or until August 15, 2022, to regain compliance with Nasdaq’s minimum $1 bid price requirement.

The company has provided written notice, as required by Nasdaq, of the intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. And compliance can be attained during this additional time period if the closing bid price of the Company’s security is at least $1 per share for a minimum of 10 consecutive business days.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.