Followers | 28 |
Posts | 2446 |
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Alias Born | 11/22/2010 |
Monday, April 12, 2021 9:13:13 AM
*IMO any business updates/good news from here forward signals firm reversal in Share Price?
Feb. 22, 2021 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, the “Company”), a global provider of embedded software and products for the Internet of Things (IoT), reported today that the Company as previously disclosed that the Company has entered into agreements dated December 14, 2020 with its senior lender and LMFA Financing LLC (“LMFA”), a Florida limited liability company and wholly owned subsidiary of LM Funding America, Inc. (Nasdaq: LMFA), in which LMFA will purchase approximately $18 million of debt in tranches. As of February 10, 2021, LMFA has completed the purchase of $18.23 million of principal, accrued interest and applicable fees (the “Debt”), converted into and sold all 22.73 million shares of the Company’s ordinary shares. With the Company settling another $1.27 million of Debt directly with the senior lender by the issuance of 1.51 million shares on February 17, 2021 which the senior lender subsequently sold, the Company’s defaulted Debts with the senior lender totaling $19.5 million have been eliminated
http://www.globenewswire.com/news-release/2021/02/22/2179531/0/en/Borqs-Technologies-Eliminated-All-Debt-Owed-to-its-Senior-Lender.html
Recent BRQS News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/03/2024 08:30:02 PM
- Form 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 08:31:09 PM
- Form NT 20-F - Notification of inability to timely file Form 20-F • Edgar (US Regulatory) • 04/30/2024 08:05:13 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/27/2023 09:00:29 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/27/2023 08:05:06 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/26/2023 08:05:17 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/10/2023 08:03:40 PM
- Borqs Technologies Announces Reverse Stock Split • GlobeNewswire Inc. • 10/06/2023 09:00:00 PM
- Borqs Technologies Shortlists Buyers for the Second Round of Due Diligence & Negotiations for the Divestment of Holu Hou Energy LLC • GlobeNewswire Inc. • 10/06/2023 12:30:00 PM
- Borqs Technologies is Expanding Its IoT Device Businesses in Africa Annual Potential Sales of $30 million • GlobeNewswire Inc. • 10/03/2023 12:30:00 PM
- Borqs Technologies Announces Reverse Stock Split • GlobeNewswire Inc. • 09/29/2023 09:00:00 PM
- Borqs Technologies and SkyCentrics Will Start Commercial Shipment of the Next Generation Modbus Adaptor in Q4 2023 for Smart Grid Appliance Manufacturers in the U.S. • GlobeNewswire Inc. • 09/28/2023 12:30:00 PM
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