Form 4: Yakira Capital Management Reports Transaction in Broad Capital Acquisition Corp (BRAC)

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.

Summary

• Yakira Capital Management, Inc., filed a Form 4 on January 23, 2025, reporting a transaction in Broad Capital Acquisition Corp (BRAC) common stock.
• The transaction occurred on January 21, 2025, where 571,850 shares were disposed of at a price of $11.86 per share.
• Yakira Capital Management serves as investment advisor to Yakira Partners, L.P., Yakira Enhanced Offshore Fund Ltd., and MAP 136 Segregated Portfolio and has sole voting and investment discretion with respect to the securities held by these entities.
• The Reporting Person disclaims beneficial ownership of these securities except to the extent of Reporting Person's pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports a transaction.

Management Comments

• The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders and significant shareholders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership by a significant shareholder.

Key Dates

Keywords

Form 4, Yakira Capital Management, Broad Capital Acquisition Corp, BRAC, Beneficial Ownership, Transaction, Disposition, Shares, Common Stock