Broad Capital Acquisition CORP
Market Movers (8-K)
Broad Capital Acquisition Corp. secured stockholder approval to extend its business combination deadline to July 2027 and reduced its monthly extension fee.
Worse than expected
Capital raise
Delay expected
Broad Capital Acquisition Corp. reports the termination of its merger agreement with Openmarkets Group Pty Ltd, effective February 12, 2025.
Worse than expected
Broad Capital Acquisition Corp. has extended its deadline to complete a business combination by up to twelve months and reduced the monthly extension fee following stockholder approval.
Delay expected
Broad Capital Acquisition Corp. received a notice from Nasdaq for failing to meet the minimum public holder requirement, putting its listing status at risk.
Worse than expected
Broad Capital Acquisition Corp. has extended its deadline to complete a business combination to August 13, 2024, by depositing $60,000 into its trust account.
Delay expected
Broad Capital Acquisition Corp. has extended its deadline to complete a business combination to July 13, 2024, by depositing $60,000 into its trust account.
Delay expected
Quarterly Earnings (10-Q)
Broad Capital Acquisition Corp reports a net loss for Q1 2025 and announces the termination of its merger agreement with Openmarkets Group Pty Ltd.
Worse than expected
10-Q/A: Broad Capital Acquisition Corp Files Amended Quarterly Report to Correct Trust Account References
Broad Capital Acquisition Corp filed an amendment to its quarterly report to correct references to marketable securities in its trust account, clarifying that the funds are held in an interest-bearing demand deposit account.
Worse than expected
Delay expected
Broad Capital Acquisition Corp filed an amended 10-Q report to correct errors related to the description of investments held in its trust account.
Worse than expected
Delay expected
Capital raise
Broad Capital Acquisition Corp filed an amended quarterly report to correct errors related to the classification of trust account investments.
Worse than expected
Delay expected
Capital raise
10-Q: Broad Capital Acquisition Corp Reports Net Loss in Q3 2024 Amidst Business Combination Efforts
Broad Capital Acquisition Corp reported a net loss of $1.026 million for the nine months ended September 30, 2024, as it continues to pursue a business combination.
Worse than expected
Delay expected
Capital raise
Broad Capital Acquisition Corp reported a net loss for the second quarter of 2024 while continuing efforts to finalize a business combination.
Worse than expected
Delay expected
Capital raise
Annual Reports (10-K)
Broad Capital Acquisition Corp.'s 10-K filing reveals a net loss, termination of the Openmarkets merger, and substantial doubt about its ability to continue as a going concern.
Capital raise
Worse than expected
Broad Capital Acquisition Corp. has filed its annual report on Form 10-K, outlining its financial status, business combination efforts, and ongoing plans.
Delay expected
Capital raise
Worse than expected
Insider Trading (Form 4)
Broad Capital Acquisition Corp. announces the termination of its merger agreement with Openmarkets Group Pty Ltd, effective February 12, 2025.
Worse than expected
Yakira Capital Management, a 10% owner of Broad Capital Acquisition Corp (BRAC), reports the disposition of 571,850 shares of common stock on January 21, 2025.
Broad Capital Acquisition Corp. has extended its deadline to complete a business combination by up to twelve months and reduced the monthly extension fee following stockholder approval.
Delay expected
Proxy Statements (Def-14A)
Broad Capital Acquisition Corp. seeks stockholder approval to extend its business combination deadline to July 2027 and reduce monthly extension fees, following its delisting from Nasdaq and termination of a prior merger agreement.
Delay expected
Capital raise
Worse than expected
Broad Capital Acquisition Corp. is seeking shareholder approval to extend its deadline for completing a business combination from January 13, 2025, to January 13, 2026, and to reduce the monthly extension fees.
Delay expected