Home > Insider Trading > Filing (0001213900-17-009114)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1650575	Borqs Technologies Inc.	BRQS	Blank Checks (6770)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1654923	Ltd Holding International Zhengqi	855 Pudong South Road, The World Plaza, 27Th Floor, Pudong Shanghai F4 200120		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Ordinary Shares	Acquisiton	2017-08-18	966,136	$10.40	2,461,307	No	4	P	Direct
Ordinary Shares	Acquisiton	2017-08-18	49,767	$0.00	2,511,074	No	4	C	Direct
Ordinary Shares	Acquisiton	2017-08-18	2,278,776	$0.00	4,789,850	No	4	J	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	P	Direct
No	4	C	Direct
No	4	J	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Ordinary Shares	Warrant	Acquisiton	2015-10-20	497,671	$10.00	248,836	$12.00
Ordinary Shares	Right to receive Ordinary Shares	Acquisiton	2015-10-20	497,671	$10.00	49,767	$0.00
Ordinary Shares	Right to receive Ordinary Shares	Disposition	2017-08-18	497,671	$0.00	49,767	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
497,671	2017-08-18	2022-08-18	No	4	P	Direct
497,671			No	4	P	Direct
0			No	4	C	Direct

Footnotes

Represents ordinary shares purchased in a private placement in connection with the Business Combination.
On October 20, 2015, the Reporting Person acquired an aggregate of 497,671 units in a private placement consummated simultaneously with the consummation of the Issuer's initial public offering (the "IPO"), at a price of $10.00 per unit. Each unit consisted of one ordinary share, one right to receive one-tenth of one ordinary share upon consummation of the Issuer's initial business combination, and one warrant to purchase one-half of one ordinary share at an exercise price of $12.00 per full share. The warrants did not become exercisable until the consummation of the Business Combination. None of such warrants have been exercised as of the date of this filing.
Upon the closing of the Business Combination, 497,671 units purchased by the Reporting Person in a private placement consummated simultaneously with the Issuer's IPO automatically separated into their component ordinary shares, warrants to purchase one-half of one ordinary share, and rights to receive one-tenth of an ordinary share. The resulting 497,671 rights were converted into 49,767 ordinary shares.
In connection with the Business Combination, the Reporting Person received 2,278,776 ordinary shares, which shares are currently being held in escrow and subject to forfeiture in the event that the Issuer meets certain earn-out conditions during the period of July 1, 2017 to June 30, 2018.