Pacific Special Acquisition Corp.
Completed 2017-08-18- CIK 1650575
- PAAC
- Now BRQSF
- IPO 2015-10-15
- $53.6M trust
- 311 filings
Successfully merged with Borqs International Holding Corp. • Now trading as BRQSF
- IPO Size
- $50M
- raised at the IPO
- Trust
- $53.6M
- as of 2017-06-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2015
- year it listed
Filings, by quarter
311 filings over 44 quarters; violet bars carry a milestone
- 15 Q3: 4 filings
- 15 Q4: 31 filings
- 16 Q1: 3 filings
- 16 Q2: 1 filing
- 16 Q3: 2 filings
- 16 Q4: 6 filings
- 17 Q1: 17 filings
- 17 Q2: 11 filings
- 17 Q3: 40 filings
- 17 Q4: 7 filings
- 18 Q1: 11 filings
- 18 Q2: 8 filings
- 18 Q3: 13 filings
- 18 Q4: 10 filings
- 19 Q1: 7 filings
- 19 Q2: 5 filings
- 19 Q3: 4 filings
- 19 Q4: 6 filings
- 20 Q1: 8 filings
- 20 Q2: 3 filings
- 20 Q3: 5 filings
- 20 Q4: 5 filings
- 21 Q1: 4 filings
- 21 Q2: 20 filings
- 21 Q3: 13 filings
- 21 Q4: 8 filings
- 22 Q1: 7 filings
- 22 Q2: 6 filings
- 22 Q3: 2 filings
- 22 Q4: 6 filings
- 23 Q1: 6 filings
- 23 Q2: 4 filings
- 23 Q3: 1 filing
- 23 Q4: 7 filings
- 24 Q1: 1 filing
- 24 Q2: 3 filings
- 24 Q3: 0 filings
- 24 Q4: 4 filings
- 25 Q1: 0 filings
- 25 Q2: 3 filings
- 25 Q3: 0 filings
- 25 Q4: 2 filings
- 26 Q1: 4 filings
- 26 Q2: 3 filings
- S-1 filed 15 Q3
- IPO 15 Q4
- Definitive agreement 16 Q4
- Completed 17 Q3
SPAC Overview
Where it stands on the road from S-1 to merger
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
Key Information
As the filings state it
- IPO Date
- 2015-10-15
- Total Redemptions
- $47.2M
- PIPE
- $10.8M
- Jurisdiction of Incorporation
- British Virgin Islands
- SIC
- 6770
- Completion Date
- 2017-08-18
- Merger Target
- Borqs International Holding Corp.
- SPAC Ticker
- PAAC
- Merged Ticker
- BRQSF
Stock Performance
BRQSFTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2015-11-05 | $9.92 | |
| At Merger | 2017-08-21 | $6.20 | -38% |
| 6 Months Post-Merger | 2018-02-20 | $9.15 | +48% |
| 1 Year Post-Merger | 2018-08-20 | $4.50 | -27% |
| 2 Years Post-Merger | 2019-08-19 | $2.01 | -68% |
| Current Price | 2026-10-16 | $0.08 | -99% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
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.