Pacific Special Acquisition Corp.

closedU=S+W/2W=S@0.87
0001650575SEC EDGARCIK: 0001650575|Zhengqi International Holding Limited•Internet of Things

Capital Structure & Economics

Trust Size$51,000,000
Unit Price$10.00
Warrant Coverage1/2
Sponsor Promote20%

Implied Equity Architecture

Capital Allocation Baseline

Trust (100.0%)

Implied Dilution Drag

50% Warrant Inclusion
Public Trust Allocation$51,000,000
Sponsor At-Risk CapitalN/A
Total Underwriting DiscountN/A
Trust Per Unit (Implied)$10.00
Sponsor Promote Allocation20%
Deal Lifecycle
IPO PricedAug 17, 2015
Target AnnouncedDec 27, 2016
Maturation Wall
N/A

Announced Target / M&A

  • Target CompanyBorqs International
  • SectorInternet of Things
  • Announced Deal Size$270,182,000
  • Announcement Date2016-12-27

Board & Officers

  • Anthony K. ChanCEO
  • Jian TuDirector
  • Zhouhong PengDirector
  • Guoxiong LuoDirector
  • David Boris(5)
    Director
  • Jason Zexian ShenDirector
  • Honghui DengDirector
  • Yaqi FengDirector

Advanced Structuring Terms

Target SectorsInternet of Things

Syndicate & Advisors

Interactive Deal Modeling

Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.

Dilution Cash Friction