Pacific Special Acquisition Corp.

Merged
CIK: 1650575•Ticker: PAAC•Merged Ticker: BRQSF
Successfully merged with Borqs International Holding Corp. • Now trading as BRQSF

SPAC Overview

$50M
IPO Size
$53.6M
Trust (as of 2017-06-30)
Completed
Current Status
2015
IPO Year

Timeline Progress

About

Pacific Special Acquisition Corp. is a newly organized blank-check company seeking an initial business combination with one or more businesses. It intends to focus on businesses with primary operations in Asia, with an emphasis on China.

Investment Focus

Technology, Energy, Healthcare, Consumer, Retail, Natural Resources, Food & Beverage, Manufacturing

Geographic Focus

Asia, China

Embarc dashboard

What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.

  • Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
  • Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
  • The full 8-K lifecycle timeline, each event linked to its filing
  • Price history across the unit, share and warrant tickers
  • Follow it, and see it change on your watchlist
Open in the dashboard

SPAC Team

Leadership

Jian Tu
Chairman of the Board of Directors, President
Pat Sek Yuen Chan
Chairman of the Board of Directors, Chief Executive Officer, Director, Founder, President
Zhouhong Peng
Chief Executive Officer, Chief Financial Officer
Anthony K. Chan
Chief Financial Officer, Executive Vice President of Corporate Finance
Bob Xiao Bo Li Ph.D.
Corporate Affairs & China Sales, EVP Corporate Affairs & China Sales, Executive Vice President of China Sales, Executive Vice President of Corporate Affairs, Executive Vice President of Corporate Affairs and China Sales, Executive Vice President, Corporate Affairs & China Sales, Founder
Gene Wuu Ph.D.
Executive Vice President, General Manager of MVNO BU, General Manager of MVNO Business Unit
George Thangadurai
Executive Vice President, President of International Business
Hareesh Ramanna
Co-General Manager of Connected Solutions BU, Co-General Manager of Connected Solutions Business Unit, Executive Vice President, Head of Software Development, Managing Director of India Operations
Simon Sun
Co-General Manager of Connected Solutions BU, Co-General Manager of Connected Solutions Business Unit, Executive Vice President
Henry Sun
Chief Financial Officer
Yaqi Feng
Chief Operating Officer, Director, Secretary
Bill Huang
Director
David Boris
Director
Eric Tao
Director
Guoxiong Luo
Director
Heung Sang Addy Fong
Director
Honghui Deng
Director
Jason Zexian Shen
Director
Ji Richard Li
Director
Joseph Wai Leung Wong
Director
Shizhu Steve Long
Director
Wan Yu Chow
Director
David J. Katzoff
Beneficial owner
James E. Fallon
Beneficial owner
Jess Mogul
Beneficial owner
Michael Arthur Friedlander
Beneficial owner
Paul Francis Pelosi Jr.
Beneficial owner
Boris

Extended Team Information

The management team has operational experience across a range of sectors, including internet, clean energy, health care, energy and resources, food processing, consumer and retail, manufacturing, and high technology. Its sponsor is Zhengqi International Holding Limited, a subsidiary in the Pacific Securities group; the team describes experience sourcing, acquiring, operating, financing and selling businesses, as well as transaction advisory work.

Stock Performance

BRQSF
Trading Symbol
First Trade
2015-11-05
$9.92
At Merger
2017-08-25
$6.65
-33%
6 Months Post-Merger
2018-02-21
$9.40
+41%
1 Year Post-Merger
2018-08-21
$4.50
-32%
2 Years Post-Merger
2019-08-19
$2.01
-70%
Current Price
2026-10-02
$0.08
-99%

Key Information

IPO Date
2015-10-15
Total Redemptions
$40.4M
PIPE
$10.8M
State of Incorporation
D8
SIC
6770
Completion Date
2017-08-18
Merger Target
Borqs International Holding Corp.
SPAC Ticker
PAAC
Merged Ticker
BRQSF