Delisting Determination,The Nasdaq Stock Market, LLC,
February 27, 2018, Borqs Technologies, Inc. The Nasdaq
Stock Market, Inc. (the Exchange) has determined to remove
from listing the warrant of Borqs Technologies, Inc.
(the Company), effective at the opening of the trading
session on March 9, 2018. Based on review of information
provided by the Company, Nasdaq Staff determined that the
Company no longer qualified for listing on the Exchange
pursuant to Listing Rule IM-5101-2. The Company was notified
of the Staffs determination on October 12, 2017.
The Company appealed the determination
to a Hearing Panel. Upon review of the information provided
by the Company, the Panel issued a decision dated
December 11, 2017, granting the Company continued listing
pursuant to an exception that included several milestones
that the Company was required to meet, towards the toal
of regaining compliance with Listing Rule
IM-5101-2. The Company was unable to meet the exception
milestones for the warrant and the Panel notified the
Company that trading in the Companys
warrant would be suspended on December 13, 2017.
The Panels Determination to delist the Companys warrant
became final on December 13, 2017.