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