Notification That Form 20-f Will Be Submitted Late (nt 20-f)

Date : 04/30/2019 @ 9:05PM
Source : Edgar (US Regulatory)
Stock : Borqs Technologies - Ordinary Shares (BRQS)
Quote : 2.92  0.01 (0.34%) @ 9:00PM

Notification That Form 20-f Will Be Submitted Late (nt 20-f)

  

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 12b-25

 
NOTIFICATION OF LATE FILING

 

SEC FILE NUMBER:  001-37593

CUSIP NUMBER:  G1466B103

  

(Check one): o Form 10-K      x  Form 20-F      ¨  Form 11-K       o Form 10-Q      ¨  Form 10-D      o  Form N-SAR      ¨  Form N-CSR
     
  For Period Ended: December 31, 2018
     
 

o  Transition Report on Form 10-K

 

o  Transition Report on Form 20-F

 

o  Transition Report on Form 11-K

 

 

o  Transition Report on Form 10-Q

 

o  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.

 

 

1
 

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

 

PART I - REGISTRANT INFORMATION

 

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.

 

PART III - NARRATIVE

 

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 Annual Report on Form 20-F for the fiscal year ended December 31, 2018 (the “Annual Report”) by April 30, 2019, the filing date applicable to foreign private issuers, due to a delay experienced by the Registrant in completing its financial statements and other disclosures in the Annual Report. The Registrant anticipates that it will file the Annual Report no later than the fifteenth calendar day following the prescribed filing date.

 

PART IV - OTHER INFORMATION

 

(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 December 31, 2018 will reflect significant changes from our results of operations for the period ended December 31, 2017. We expect that revenue and net operating loss during the period ended December 31, 2018 will be comparable to the corresponding period for 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 December 31, 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 December 31, 2018 as compared to our results of operations for December 31, 2017.

2
 

 

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:    April 30, 2019 By: /s/ Anthony K. Chan  
    Name: Anthony K. Chan  
    Title: Chief Financial Officer  

   

3

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