Sichenzia Ross Ference LLP Represents Borqs Technologies, Inc. in $27 Million Private Placement
Press Release – New York, NY – September 23, 2021 – Sichenzia Ross Ference LLP today announced that it represented Borqs Technologies, Inc. (Nasdaq: BRQS) in a $27 million private placement. The offering consisted of convertible notes and warrants. One-half of the notes were issued at the execution of definitive agreements and the other one-half of the notes will be issued upon the satisfaction of certain conditions, including effectiveness of a resale registration statement to be filed by the Company.
The Sichenzia Ross Ference LLP team was led by partners Darrin M. Ocasio and Avital Perlman, and associate Jorge Campos.
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Sichenzia Ross Ference LLP is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry. In addition to handling routine to complex commercial matters, SRF’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations. The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation. Additionally, it represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies. The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA). These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct. Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records. The firm complements its core practice areas with an established commercial real estate and trusts and estates practice.
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