0000899243-18-001247.txt : 20180117
0000899243-18-001247.hdr.sgml : 20180117
20180117211055
ACCESSION NUMBER: 0000899243-18-001247
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180110
FILED AS OF DATE: 20180117
DATE AS OF CHANGE: 20180117
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: INTEL CORP
CENTRAL INDEX KEY: 0000050863
STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674]
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37593
FILM NUMBER: 18532779
BUSINESS ADDRESS:
STREET 1: 2200 MISSION COLLEGE BLVD
STREET 2: RNB-4-151
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
BUSINESS PHONE: 4087658080
MAIL ADDRESS:
STREET 1: 2200 MISSION COLLEGE BLVD
STREET 2: RNB-4-151
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Borqs Technologies, Inc.
CENTRAL INDEX KEY: 0001650575
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
IRS NUMBER: 000000000
STATE OF INCORPORATION: D8
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: TOWER A, BLDG B23 UNIVERSAL BUSINESS PRK
STREET 2: NO. 10 JIUXIANGQIAO ROAD
CITY: CHAOYANG DISTRICT, BEIJING
STATE: F4
ZIP: 100015
BUSINESS PHONE: 86 10-5975-6336
MAIL ADDRESS:
STREET 1: TOWER A, BLDG B23 UNIVERSAL BUSINESS PRK
STREET 2: NO. 10 JIUXIANGQIAO ROAD
CITY: CHAOYANG DISTRICT, BEIJING
STATE: F4
ZIP: 100015
FORMER COMPANY:
FORMER CONFORMED NAME: Pacific Special Acquisition Corp.
DATE OF NAME CHANGE: 20150810
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2018-01-10
0
0001650575
Borqs Technologies, Inc.
BRQS
0000050863
INTEL CORP
2200 MISSION COLLEGE BLVD
SANTA CLARA
CA
95054
0
0
1
0
ORDINARY SHARES
2018-01-10
4
J
0
226587
0.00
A
4192756
I
Through wholly-owned subsidiary
On August 18, 2017, pursuant to that certain Merger Agreement, dated December 27, 2016 and amended on May 10, 2017 and June 29, 2017 (as amended, the "Merger Agreement"), between Borqs Technologies, Inc. (the "Issuer") and, among other parties, Zhengqi International Holding Limited ("Sponsor"), Issuer's wholly-owned subsidiary, PAAC Merger Subsidiary Limited, merged with and into Borqs International Holding Corp ("Borqs International"), with Borqs International surviving such merger as the surviving entity and wholly-owned subsidiary of the Issuer. Pursuant to the Merger Agreement and an escrow agreement entered into in connection with the closing of the merger, the Issuer issued certain Ordinary Shares to an escrow agent to be held in an indemnity escrow account, including 1,278,776 Ordinary Shares to be held for the benefit of Sponsor.
(Continued from Footnote 1)Pursuant to a Repurchase Agreement, dated January 10, 2018, between the Issuer and Sponsor, the parties agreed, among other things, that (i) 1,277,625 Ordinary Shares held in escrow for the benefit of Sponsor, would be distributed to the Issuer's remaining shareholders pro rata, with Intel Capital Corporation, a wholly owned subsidiary of Intel Corporation ("Intel Capital"), receiving 217,524 Ordinary Shares in such distribution and (ii) 51,151 Ordinary Shares held in escrow for the benefit of Sponsor would remain in escrow for the benefit of the Issuer's remaining shareholders, pro rata, with Intel Capital being entitled to receive 9,063 of such Ordinary Shares.
This report is being filed within two business days of Intel Coporation being made aware of the transaction contemplated herein by the Issuer.
The securities reported in Table I of this report are owned indirectly by Intel Corporation through Intel Capital.
/s/ Susie Giordano, Corporate Vice President
2018-01-16