Jul. 21 at 10:51 PM
$BRQSF
It appears these 5.9M restricted shares are not tied to Borqs’ 2017 Incentive Plan, as no registration statement has been filed yet.
Additionally, Borqs held approximately
$7.5 million in cash as of December 31, 2025.
According to Sasken’s auditor report dated May 6, 2026 (see Yimmet’s post), as of March 31, 2026, Sasken has paid a total of
$35 million toward the Borqs acquisition. Subtracting the
$27 million already paid to Borqs (as of Dec 31, 2025, per the 20-F), this leaves an additional
$7.5 million payment due. This also implies up to
$5 million in maximum earnouts may still be available.
Bottom line: With at least
$15 million in cash on hand plus these newly issued 5.9 million restricted shares, Borqs is well-positioned to pivot and pursue new acquisitions.
