UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934

Date: July 14, 2022

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): ☐

 INFORMATION CONTAINED IN THIS FORM 6-K REPORT 

On July 12, 2022, the Nasdaq Stock Market LLC (“Nasdaq”) notified Borqs Technologies, Inc. (the “Company”), that it has regained compliance with Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”). As previously disclosed, on August 20, 2021, the Company received a letter from Nasdaq notifying that the minimum bid price per share of its common shares was below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in the Minimum Bid Price Rule.

The Company was provided 180 calendar days, or until February 14, 2022 to regain compliance with the Minimum Bid Price Rule. The Company was then provided an additional 180 calendar days, or until August 15, 2022, to regain compliance. Nasdaq has determined the matter closed because for 10 consecutive business days, from June 27 through July 11, 2022, the closing bid price of the Company’s common shares has been at $1.00 per share or greater.

On July 14, 2022, the Company issued a press release announcing that it has regained compliance with Listing Rule 5550(a)(2). A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 6-K and is incorporated herein by reference. 

EXHIBIT INDEX

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.

Exhibit 99.1

PRESS RELEASE

Borqs Regained Compliance with Nasdaq’s Minimum Bid Price Rule

Santa Clara, California, July 14, 2022 – Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless solutions, Internet of Things (IoT) solutions, and innovative clean energy, with global operations in the U.S., India and China, today 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 closing bid 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.”

About Borqs Technologies, Inc.

Borqs Technologies is a global leader in software and products for the IoT, providing customizable, differentiated and scalable Android-based smart connected devices and cloud service solutions. Borqs has achieved leadership and customer recognition as an innovative end-to-end IoT solutions provider leveraging its strategic chipset partner relationships as well as its broad software and IP portfolio. Borqs’ unique strengths include its Android and Android Wear Licenses which enabled the Company to develop a software IP library covering chipset software, Android enhancements, domain specific usage and system performance optimization, suitable for large and low volume customized products, and is also currently in development of 5G products for phones and hotspots. The Company acquired controlling shares of the solar energy storage system entity, Holu Hou Energy LLC, in October 2021.

Investor Contact:

Sandra Dou

Vice President of Corporate Finance

Borqs Technologies, Inc.

sandra.dou@borqs.net

www.borqs.com