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By Sabela Ojea
Borqs Technologies declared a one-for-12 reverse stock split after receiving a deficiency notification letter from the Nasdaq Stock Market.
The Internet of Things manufacturer on Friday said its common stock is expected to begin trading on the Nasdaq Capital Market on a post-split basis beginning on Oct. 10.
On Sept. 20, the company said the Nasdaq Stock Market notified it that its listed securities didn’t maintain a minimum market value of $35 million for a period of 30 consecutive business days.
Write to Sabela Ojea at [email protected]
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