Notification That Quarterly Report Will Be Submitted Late (nt 10-q)

Date : 11/14/2018 @ 9:57PM
Source : Edgar (US Regulatory)
Stock : Borqs Technologies - Ordinary Shares (BRQS)
Quote : 2.5  -0.0527 (-2.06%) @ 9:00PM

Notification That Quarterly Report Will Be Submitted Late (nt 10-q)




Washington, D.C. 20549


FORM 12b-25



SEC FILE NUMBER:  001-37593



(Check one): Form 10-K       Form 20-F      ¨  Form 11-K        Form 10-Q      ¨  Form 10-D       Form N-SAR      ¨  Form N-CSR
  For Period Ended: September 30, 2018

 Transition Report on Form 10-K


 Transition Report on Form 20-F


 Transition Report on Form 11-K



 Transition Report on Form 10-Q


 Transition Report on Form N-SAR


For the Transition Period Ended: _______________________________



Read Instruction (on back page) Before Preparing Form. Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.



If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:




Borqs Technologies, Inc.

Full Name of Registrant  


Pacific Special Acquisition Corp.

Former Name if Applicable


Building B23-A, Universal Business Park
No. 10 Jiuxianqiao Road, Chaoyang District,

Address of Principal Executive Office  (Street and Number)


Beijing 100015, China

City, State and Zip Code





PART II - RULES 12b-25(b) AND (c)


If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)


   (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
☒   (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
   (c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.




State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report portion thereof, could not be filed within the prescribed time period.


Borqs Technologies, Inc. (the “Registrant”) was unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the period ended September 30, 2018 (the “Quarterly Report”) by November 14, 2018, the filing date applicable to smaller reporting companies, due to a delay experienced by the Registrant in completing its financial statements and other disclosures in the Quarterly Report. The Registrant anticipates that it will file the Quarterly Report no later than the fifth calendar day following the prescribed filing date.




(1) Name and telephone number of person to contact in regard to this notification


  Anthony K. Chan   (86) 10   5975-6336
  (Name)   (Area Code)   (Telephone Number)


(2)   Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).

Yes ☒     No 


(3)   Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

Yes ☒     No ☐


  If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.


We are required by Part IV, Item (3) of Form 12b-25 to provide as part of this filing an explanation regarding whether the results of operations we expect to report for the period ended September 30, 2018 will reflect significant changes from our results of operations for the period ended September 30, 2017. We expect that revenue during the period ended September 30, 2018 will be lower than the corresponding period for 2017, and that net loss will be less primarily due to the absence of non-cash transaction-related expenditures which were incurred in the corresponding period in 2017. However, because we have not completed our financial statements, we are unable to provide a reasonable estimate of our results of operations for the period ended September 30, 2018. Accordingly, we cannot at this time provide a quantitative estimate of what significant changes will be reflected in our results of operations for the period ended September 30, 2018 as compared to our results of operations for September 30, 2017.





Borqs Technologies, Inc.

(Name of Registrant as Specified in Charter)


has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.


Date: November 14, 2018 By: /s/ Anthony K. Chan
    Name: Anthony K. Chan
    Title: Chief Financial Officer




Borqs Technologies, Inc. (NASDAQ:BRQS)
Historical Stock Chart

1 Year : From Jul 2018 to Jul 2019

Click Here for more Borqs Technologies, Inc. Charts.

Borqs Technologies, Inc. (NASDAQ:BRQS)
Intraday Stock Chart

Today : Sunday 21 July 2019

Click Here for more Borqs Technologies, Inc. Charts.

Latest BRQS Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.