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Borqs Technologies, Inc. – ‘6-K’ for 2/25/21

On:  Thursday, 2/25/21, at 4:30pm ET   ·   For:  2/25/21   ·   Accession #:  1213900-21-11661   ·   File #:  1-37593

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/25/21  Borqs Technologies, Inc.          6-K         2/25/21    2:23K                                    EdgarAgents LLC/FA

Current, Quarterly or Annual Report by a Foreign Issuer   —   Form 6-K   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 6-K         Current, Quarterly or Annual Report by a Foreign    HTML     12K 
                Issuer                                                           
 2: EX-99.1     Press Release                                       HTML      8K 


‘6-K’   —   Current, Quarterly or Annual Report by a Foreign Issuer


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of February 2021

 

Commission File Number 001-37593

 

  BORQS TECHNOLOGIES, INC.  
  (Translation of registrant’s name into English)  

 

 

Suite 309, 3/F, Dongfeng KASO

Dongfengbeiqiao, Chaoyang District

Beijing 100016, China

 
  (Address of principal executive offices)  

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒       Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐.

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐.

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

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INFORMATION CONTAINED IN THIS FORM 6-K REPORT 

 

The Company has signed agreements with institutional and individual investors on February 25, 2021 for sale of $20 million in convertible notes. The notes are due in two years, have an annual interest rate of 8%, convertible into ordinary shares of Borqs at 10% discount from the market price and has 90% warrant coverage with the warrants exercisable at 110% of the conversion price. One-third of the notes are sold at the execution of definitive agreements and two-thirds of the notes will be sold upon the satisfaction of certain conditions, including effectiveness of a registration statement to be filed by the Company by April 15, 2021. Proceeds will be used for the procurement of orders the Company expects to receive from its customers this year and also for development of the next generation 5G products.

 

A copy of the press release, dated February 25, 2021, announcing transactions described above is attached as Exhibit 99.1.

 

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EXHIBIT INDEX

 

Exhibit Number   Description
     
99.1   Press Release

 

 C: 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  BORQS TECHNOLOGIES INC.
  (registrant)
   
Dated: February 25, 2021 By: /s/ Anthony K. Chan
    Anthony K. Chan
    Chief Financial Officer

 

 C: 


Dates Referenced Herein

This ‘6-K’ Filing    Date    Other Filings
4/15/21None on these Dates
Filed on / For Period end:2/25/21
 List all Filings 


6 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/28/21  Borqs Technologies, Inc.          S-8         6/28/21    3:470K                                   EdgarAgents LLC/FA
 6/28/21  Borqs Technologies, Inc.          424B3                  1:175K                                   EdgarAgents LLC/FA
 6/21/21  Borqs Technologies, Inc.          F-1                    5:430K                                   EdgarAgents LLC/FA
 5/04/21  Borqs Technologies, Inc.          424B3                  1:218K                                   EdgarAgents LLC/FA
 4/29/21  Borqs Technologies, Inc.          F-1/A                  3:552K                                   EdgarAgents LLC/FA
 4/27/21  Borqs Technologies, Inc.          F-1                    3:454K                                   EdgarAgents LLC/FA
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