Broad Capital Acquisition Corp.
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Yau On Tse
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 5345 Annabel Lane Plano TX United States of America 75093
- IPO Date
- Feb 23, 2022
- CIK
- 0001865120
- Similar Companies
- Business
- Broad Capital Acquisition Corp. Broad Capital Acquisition Corp. (NASDAQ: BRAC) operates as a blank check company whose sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities; it conducts no significant operations and generates no revenues. Incorporated in 2021 and headquartered in Dallas, Texas, the company originally targeted growth opportunities in emerging and transformational technologies, with a particular focus on the general aviation and aerospace industry, unmanned aircraft systems, and advanced air mobility sectors. Its sponsor-led structure provides a platform for public market access to private companies in these areas through a de-SPAC transaction. In January 2023, Broad Capital Acquisition Corp. entered into a definitive business combination agreement with Openmarkets Group Pty Ltd, an Australian financial services provider, and related entity BMYG OMG Pty Ltd, which was amended multiple times including an extension of the outside date to January 2024. The agreement was terminated by Openmarkets on February 12, 2025, pursuant to its terms, leaving the company without a target. To facilitate extensions of its initial business combination deadline, stockholders approved charter amendments allowing up to twelve one-month extensions through January 2026, with reduced monthly fees based on non-redeemed shares; significant redemptions occurred, including 1,616,447 shares at approximately $11.96 per share in early 2025, reducing outstanding public shares below Nasdaq's 1.1 million minimum bid price requirement. Nasdaq delisted the company's securities in January 2025 for failing continued listing standards and filed a Form 25 with the SEC on June 5, 2025. On July 29, 2025, Broad Capital Acquisition Corp. filed a Form 15-12G to voluntarily terminate its SEC registration under Section 12(g), citing increasing compliance costs, administrative burdens from SEC, Sarbanes-Oxley and exchange rules, and the lack of benefits from public reporting following delisting and merger termination. The company, classified under SIC 6770 for blank checks with a focus office in real estate and construction per SEC records, now operates as a non-reporting entity with minimal shares outstanding and no active pursuit of a business combination.
Broad Capital Acquisition Corp. Announces Voluntary SEC Deregistration
Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to June 13, 2024
Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to May 13, 2024
Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to April 13, 2024
Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to March 13, 2024
Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to February 13, 2024
Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to January 13, 2024
Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to December 13, 2023
Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to November 13, 2023
Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to October 13, 2023
Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to September 13, 2023
Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to August 13, 2023