Announcement • May 01
Borqs Technologies, Inc. announced delayed 20-F filing On 04/30/2026, Borqs Technologies, Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Announcement • May 01
Borqs Technologies, Inc. announced delayed 20-F filing On 04/30/2025, Borqs Technologies, Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Announcement • Apr 09
Sasken Design Solutions Pte. Ltd completed the acquisition of Hardware and software services business from Borqs Technologies, Inc. (OTCPK:BRQS.F). Sasken Technologies Limited (NSEI:SASKEN) agreed to acquire Hardware and software services business from Borqs Technologies, Inc. (OTCPK:BRQS.F) for INR 3.4 billion on November 9, 2024. The consideration will be paid in cash. The total consideration, inclusive of earn-outs, management incentives, and other payouts, shall not exceed INR 3.4 billion. Earnouts are linked to performance of target entities in 2025.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. The expected completion of the transaction is on or before March 31, 2025. Borqs Technologies, Inc. will leverage on the cash consideration that it receives from the sale transaction to invest into activities that can deliver healthy margins and sound financial results.
Sasken Design Solutions Pte. Ltd completed the acquisition of Hardware and software services business from Borqs Technologies, Inc. (OTCPK:BRQS.F) on April 8, 2025. Sasken Technologies Limited (NSEI:SASKEN) signed share purchase agreement to acquire Hardware and software services business from Borqs Technologies, Inc. (OTCPK:BRQS.F) on April 8, 2025. Announcement • Nov 06
Borqs Technologies, Inc., Annual General Meeting, Dec 20, 2024 Borqs Technologies, Inc., Annual General Meeting, Dec 20, 2024, at 10:00 China Standard Time. Location: suite 318, 3/f, dongfeng kaso, dongfengbeiqiao, chaoyang district, beijing 100016, China Announcement • May 01
Borqs Technologies, Inc. announced delayed 20-F filing On 04/30/2024, Borqs Technologies, Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Announcement • Nov 14
Borqs Technologies, Inc., Annual General Meeting, Dec 18, 2023 Borqs Technologies, Inc., Annual General Meeting, Dec 18, 2023, at 10:00 US Eastern Standard Time. Location: the office of Sichenzia Ross Ference Carmel LLP at 1185 Avenue of the Americas, 31/F United States Agenda: To elect two Class II Directors to serve until the 2026 Annual General Meeting of Shareholders; to ratify the appointment of YU Certified Public Accountant PC, as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023; and to transact such other business as may properly come before the meeting or any adjournment(s) or postponement(s) thereof. Announcement • Oct 28
Borqs Technologies, Inc.(OTCPK:BRQS.F) dropped from NASDAQ Composite Index Borqs Technologies, Inc. has been removed from NASDAQ Composite Index . Announcement • Oct 08
Borqs Shortlists Buyers for Second Round of Negotiations in HHE Divestment Borqs Technologies, Inc. (NasdaqCM:BRQS) received multiple non-binding indications of interest for its stake in Holu Hou Energy LLC and a selected group of potential buyers have been invited to participate in the second round of due diligence and negotiations for the complete divestment of the Company's interest in HHE. As previously announced, the Company was mandated by CFIUS to divest its ownership in the solar energy storage subsidiary, HHE, due to national security concerns. Subsequently, Cantor Fitzgerald & Co. was engaged by the Company to initiate and manage the sales process of the Company's ownership in HHE and has received considerable interest from potential buyers. The said transaction is on track to be finalized by the end of the year. Announcement • Sep 21
Borqs Technologies Receives Nasdaq Notification Regarding Minimum Market Value Deficiency Borqs Technologies, Inc. announced that the Company received a deficiency notification letter from the Nasdaq Stock Market LLC on September 15, 2023, notifying the Company that the Company’s listed securities did not maintain a minimum market value of $35 million for a period of 30 consecutive business days to meet the MVLS requirement. In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has been provided a compliance period of 180 calendar days, or until March 13, 2024, to regain compliance. Nasdaq will close the matter and provide written confirmation that the Company has achieved compliance with rule 5550(b)(2) if at any time before March 13, 2024, the Company’s MVLS closes at $35 million or more for a minimum of ten consecutive business days. In the event the Company does not regain compliance by March 13, 2024, the Company’s securities will be subject to delisting. The Company intends to regain compliance with Nasdaq listing rules, and will evaluate its available options to regain compliance with Nasdaq's minimum MVLS rule within the compliance period. The notification letter does not impact the Company's listing on the Nasdaq Capital Market at this time. Announcement • Jul 07
Borqs Technologies, Inc. Announces Together with Skycentrics, Launches the Next Generation CTA-2045 ECOPORT Communication Products Borqs Technologies, Inc. announced that together with SkyCentrics, have launched the next generation CTA-2045 ECOPORT communication products. The next-generation products are more price competitive and feature-rich than the current generation products and have significantly better cellular coverage with the use of internal and external antennas. Borqs and SkyCentrics announced their strategic partnership in 2021. The partnership includes joint research & development, sales, and promotion, as well as, Borqs’ investment into SkyCentrics. It will leverage Borqs’ expertise in mobile IoT and 5G technologies. Borqs has years of manufacturing experience in making products worldwide, and has manufactured products for the U.S. mobile operators and Fortune 500 companies. SkyCentrics is an expert in the CTA-2045 and demand response technologies and will be responsible for the CTA-2045 software, ECOPORT certification, and cloud functionality with its Demand Response Energy & Asset Management (DREAM) platform. A smart city uses various types of electronic methods and sensors to collect data to gain insights in the management and operation of grid loads in order to improve efficiency and effectiveness. As a start in the development of a smart city, mobile connected CTA-2045 devices are chosen by utility companies across the U.S. as the platform for smart management of water heaters, pool pumps and other products with EcoPorts. Historically, all water heaters were ‘dumb,’ controlled by a thermostat and randomly going on and off. The new generation of smart water heaters, connected with CTA-2045 communicating modules can optimize their on/off schedule based on each household’s usage pattern, grid prices and carbon emissions. A key component of electrifying everything is ensuring that all the devices that are electric run on clean energy. It is estimated that the energy savings as well as carbon emission reduction by CTA-2045 controlled residential water heaters can produce staggering results, with each one million CTA-2045 equipped water heaters equating to the removal of 100,000 gasoline powered cars from the highways. Early adoption of CTA-2045 EcoPort enabled water heaters has been underway in low-income multi-family solar and storage communities in Hawaii. Commercial and residential markets in buildings and power grid optimization is estimated to reach $154 billion by the year 2026, according to Verified Market Research in their study “Global Building Automation System Market Size By Technology, By System, By Application, By Geographic Scope And Forecast” (Aug 2020). SkyCentrics is working with major commercial building industrial equipment manufacturers to provide them retrofit kits that will enable their embedded base of existing equipment to be retrofit to have a CTA-2045 EcoPort which will provide an inexpensive way to create the Grid Interactive Efficient Buildings (GEBs) that were recently promoted by the Biden administration quoting the “National Roadmap for Grid Interactive Efficient Buildings” report by The Lawrence Berkeley National Lab and The Brattle Group. Announcement • Jun 09
Borqs Technologies Receives Nasdaq Extension to Satisfy Minimum Bid Price Requirement Borqs Technologies, Inc. announced that The Nasdaq Stock Market LLC (“Nasdaq”) has provided written notice dated June 2, 2023, that the Company is eligible for an extension until October 24, 2023, to regain compliance with Nasdaq’s minimum $1 bid price requirement, as set forth in Nasdaq’s Listing Rule 5550(a)(2) (the “Bid Price Rule”). The Company has explained to the Nasdaq Panel that the sale of our solar subsidiary, Holu Hou Energy LLC (“HHE”) may bring forth a significant liquidity position and can positively affect our stock price. "The Company believes that since HHE has several hundred million dollars of PPA contract bookings, the sale of our equity in HHE may generate a significant amount of cash for the Company,” said Pat Chan, the Company’s CEO. The Company has provided written notice, as required by Nasdaq, of our intention to cure the deficiency during the period by the sale of our subsidiary and also by effecting a reverse stock split, if necessary. 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 before October 24, 2023. Announcement • May 04
Borqs Technologies Requests for Hearing Regarding the $1 Minimum Bid Price Deficiency Borqs Technologies, Inc. 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 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. Announcement • Dec 21
An unknown buyer entered into letter of intent to acquire Holu Hou Energy LLC from Borqs Technologies, Inc. (NasdaqCM:BRQS). An unknown buyer entered into letter of intent to acquire Holu Hou Energy LLC from Borqs Technologies, Inc. (NasdaqCM:BRQS) on December 13, 2022. Borqs Technologies, Inc. has received a letter dated December 13, 2022 from the Department of the Treasury on behalf of the Committee on Foreign Investment in the United States stating that the Borqs is required to negotiate with Committee on Foreign Investment in the United States to fully divest its ownership interests and rights in Holu Hou Energy LLC (“HHE”) due to HHE solar energy storage system and EnergyShare technology for Multi-Dwelling Residential Units (“MDU’s”) being deemed a critical technology and therefore a potential national security risk. Announcement • Nov 04
Borqs Technologies Receives Nasdaq Deficiency Notification Regarding Minimum Bid Price Requirement Borqs Technologies, Inc. (“Borqs”, or the “Company”) announced that the Company received deficiency notifications from the Nasdaq Stock Market LLC (“Nasdaq”) on October 28, 2022, notifying the Company that it is not (i) in compliance with the minimum bid price requirement set in Nasdaq’s rules for continued listing on the Nasdaq; and (ii) that the Company’s listed securities did not maintain a minimum market value of $35 million (“MVLS”) for a period of 30 consecutive business days to meet the MVLS requirement. Nasdaq Listing Rules require listed securities to maintain a minimum bid price of $1.00 per share, and failure to do so for a period of 30 consecutive business days triggers a deficiency notice. Based on the closing bid price of the Company's ordinary shares for the 30 consecutive business days from September 16, 2022 to October 27, 2022, the Company no longer meets the minimum bid price requirement. To regain compliance under Nasdaq Listing Rule 5550(a)(2), the Company's ordinary shares must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive trading days. To regain compliance under Nasdaq Listing Rule 5550(b)(2), the Company’s MVLS must close at $35 million or more for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by April 26, 2023 (the 180 calendar days the Company has to regain compliance under the minimum bid price and MVLS requirements), the Company may be eligible for additional time to regain compliance with the minimum bid price requirement and MVLS requirement or may face delisting. If during any compliance period the ordinary shares have a closing bid price of $0.10 or less for 10 consecutive trading days, Nasdaq’s Listing Qualifications Department shall issue a Staff Delisting Determination regarding the minimum bid price requirement. The notification letters do not impact the Company's listing on the Nasdaq Capital Market at this time. Announcement • Oct 22
Borqs Technologies, Inc. Provides Revenue Forecast for 2022 Borqs Technologies, Inc. provided revenue forecast for 2022. For the year, the company expected revenue to be $50 million-55 million, year-over-year growth of over 69%, compared to revenue of $29.6 million for 2021. Announcement • Oct 13
Borqs Technologies, Inc. Announces Demo 2-Wheeler Telematics Control Unit in India Mobile Congress Borqs Technologies, Inc. announced that the Company has forayed into two/three-wheelers automotive space by developing the Telematics Control Unit (TCU) and has successfully demonstrated the newly developed TCU in India Mobile Congress held in New Delhi from October 1 to 4. The newly developed TCU is installed on a two-wheeler and connected to the internet via the cellular network. The TCU, developed by Borq’s design team in India, supports global cellular bands, dual band Wifi and GPS. The TCU enables the connected 2-wheeler to provide mobile telephony, data connectivity, vehicle diagnostics, location services, remote vehicle control, battery management. and sensing capabilities. Through a companion Application on a smart phone, a user can locate and control the 2-wheeler, locate near-by charging/gas stations, etc. Connected to a cloud, a whole set of analytics and guidance can be provided to various stake holders. The TCU is modular in architecture and has ample I/Os for any custom design. Borqs having its core strength in development of cellular radios can support OEMs for system integration on the vehicles to get better connectivity. Announcement • Sep 01
Borqs Technologies, Inc., Annual General Meeting, Oct 28, 2022 Borqs Technologies, Inc., Annual General Meeting, Oct 28, 2022, at 10:00 Eastern Daylight. Location: the office of Sichenzia Ross Ference LLP at 1185 Avenue of the Americas, 31/F, New York, NY 10036 New York United States Agenda: To elect two Class I Directors to serve until the 2025 Annual General Meeting of Shareholders; to ratify the appointment of YU Certified Public Accountant PC, as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022; and to transact such other business as may properly come before the meeting. Announcement • Jul 15
Borqs Regains Compliance with Nasdaq’s Minimum Bid Price Rule Borqs Technologies, Inc. announced that it received a letter dated July 12, 2022 from Nasdaq Listing Qualifications that: “Staff has determined that for the last 10 consecutive business days, from June 27 through July 11, 2022, the closingbid price of the Company’s common stock has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2), and this matter is now closed". Announcement • Feb 17
Nasdaq Grants Borqs Technologies Another 180 Days to Regain $1 Bid Price Compliance Borqs Technologies, Inc. announced 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 regaincompliance with Nasdaq’s minimum $1 bid price requirement. The Company has provided written notice, as required by Nasdaq, of 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 the Company’s security is at least $1 per share for a minimum of 10 consecutive business days. Announcement • Jan 27
Borqs Technologies, Inc. Provides Revenue Guidance for the Fiscal Year Ended December 31, 2021 and for the Fiscal Year 2022 Borqs Technologies, Inc. provided revenue guidance for the fiscal year ended December 31, 2021 and for the fiscal year 2022. For fiscal year 2021, the company expected to report revenue of between $31 million to $35 million for the fiscal year ended December 31, 2021. This represents revenue growth of up to 30% from the $26.8 million revenue reported in fiscal year 2020.For the fiscal year 2022, the company expected to generate between $45 million and $55 million in revenue. Announcement • Sep 10
Borqs Technologies, Inc. (NasdaqCM:BRQS) signed a preliminary binding term sheet to acquire a 51% stake in Holu Hou Energy LLC. Borqs Technologies, Inc. (NasdaqCM:BRQS) signed a preliminary binding term sheet to acquire a 51% stake in Holu Hou Energy LLC on September 9, 2021. Announcement • Feb 26
Borqs Technologies, Inc. announced that it expects to receive $20 million in funding Borqs Technologies, Inc. (NasdaqCM:BRQS) announced that it has entered into an agreement with institutional and individual investors for private placement of convertible notes for gross proceeds of $20 million on February 25, 2021. The notes are due in two years, have an annual interest rate of 8%, convertible into ordinary shares at 10% discount from the market price and has 90% warrant coverage with the warrants exercisable at 110% of the conversion price. One-third of the notes are sold at the execution of definitive agreements and two-thirds of the notes will be sold upon the satisfaction of certain conditions, including effectiveness of a registration statement to be filed by the company by April 15, 2021. Announcement • Dec 03
Borqs Technologies Signs Official Agreement for 5G Industrial Park Project in South Taihu New Area of Zhejiang Province, China Borqs Technologies, Inc. reported that the company has signed the official agreement for cooperation with the Huzhou South Taihu New Area for a 5G Industrial Park Project. This project will be implemented in two phases. In the first phase, a 5G R&D center and production plant will be established. The Joint Venture will be provided a rent-free facility of 5,500 sq.mtr. for 2.5 years. In the second phase, the Joint Venture will construct the Borqs 5G Industrial Park and the Joint Venture will be granted 13,000 sq.mtr. of commercial and residential land to be used as the communication center and guest building. With the agreement in place, the Company will immediately setup joint-venture operational facilities in the South Taihu New Area for its 5G activities, including sales, R&D center, and manufacturing in the new industrial park. The local government will reimburse the costs of relocation and provide grants for purchasing and leasing of equipment. Most importantly, the government will work with local banks to support the Company with supply chain purchasing credits at prevailing interest rates for the Company’s manufacturing needs. Announcement • Aug 04
Nasdaq Grants Extension to Borqs Technologies Until Final Determination from A Hearing Borqs Technologies, Inc. announced that on July 28, 2020, the Nasdaq Hearings Panel granted the Company’s request to extend the automatic 15-day stay of suspension from The Nasdaq Stock Market LLC (“Nasdaq”), pending the hearing scheduled for August 27, 2020 and a final determination regarding the Company’s listing status. As previously disclosed, on July 9, 2020, Nasdaq staff had notified the Company that it had determined to delist it as the Company had failed to comply with Nasdaq’s filing requirements set forth in Listing Rule 5250(c)(1) because it had not filed its Form 20-F for the year ended December 31, 2019. The Company will present a definitive plan and achievable schedule for filing of the Form 20-F to regain compliance. The Nasdaq Hearings Panel has decided to maintain the status quo of the Company’s shares and permit trading to continue on the Nasdaq Capital Market stock exchange pending the hearing and the outcome of our August 27th, 2020 compliance plan. Announcement • Jul 17
Borqs Technologies Receives Nasdaq Delisting Letter Borqs Technologies, Inc. announced that on July 9, 2020, the Company received a delisting determination letter (the "Determination Letter") from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (the “Staff” or "Nasdaq"). The Determination Letter notified the Company that since it had not filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2019 (the "2019 20-F") by June 30, 2020, the deadline by which the Company was to file the 2019 20-F, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”) and the Company’s ordinary shares are subject to delisting from the Nasdaq Capital Market. The Determination Letter indicates that Listing Rule 5815(d)(4)(B) does not permit an issuer that is noncompliant with the Rule to present a plan of compliance to Nasdaq if such issuer has failed to comply with that provision within one year of a hearing panel determination of compliance. On March 10, 2020, the Company received a letter from Nasdaq notifying the Company that it had regained compliance with the Rule. The Company will, by July 16, 2020, request to appeal the Staff’s determination to delist the Company’s securities with a hearings panel, which will stay the suspension of the Company’s securities through July 31, 2020. Also by July 16, 2020, the Company will request an extended stay of the suspension pending the hearing. The panel will review the request for an extended stay and notify the Company on or prior to July 31, 2020 whether it will allow the Company’s securities to continue to trade on the Nasdaq Capital Market pending the panel’s decision. Hearings are typically scheduled to occur approximately 30-45 days after the date of the hearing request. Announcement • Jun 16
Borqs Technologies, Inc. announced delayed 20-F filing On 06/15/2020, Borqs Technologies, Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC.