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Friday, August 18, 2017

Equity Corporate Actions Alert #2017 - 8
Information Regarding Business Combination of Pacific Special Acquisition Corp. (PAAC) and Borqs International Holding Corp.

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  • Industry Announcement

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The business combination of Pacific Special Acquisition Corp. (PAAC) and Borqs International Holding Corp. is expected to close today, August 18, 2017. As a result the Common Stock & Warrants of Pacific Special Acquisition Corp. (PAAC & PAACW) will undergo a change of name, symbol, and CUSIP number. The Pacific Special Acquisition Corp. Rights & Units (PAACR & PAACU) will be suspended.

The details of the name, symbol, & CUSIP changes are follows:

Current Company Name: Pacific Special Acquisition Corp.
New Company Name: Borqs Technologies, Inc.
Issues: Ordinary Shares & Warrants
Current CUSIPs: G68588105 & G68588121
New CUSIPs: G1466B103 & G1466B111
Current Symbols: PAAC & PAACW
New Symbols: BRQS & BRQSW
Marketplace Effective Date: August 21, 2017

If you would like to register as a market maker in BRQS & BRQSW, contact Nasdaq Trading Services at +1 212 231 5100.

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