Broad Capital Acquisition Corp
BRACR
NASDAQ Global Market0.19
USD
-0.03
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Broad Capital Acquisition Corp
BRACR
(NASDAQ Global Market)
Recent
price
0.19
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Broad Capital Acquisition Corp. (NASDAQ: BRAC, BRACU, BRACR) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing business operations; it focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities, particularly targeting growth technology and tech-enabled businesses in sectors such as real estate and construction. The company, founded in 2021 and headquartered at 6208 Sandpebble Court, Dallas, Texas, offers common stock, units, and rights traded on Nasdaq prior to delisting. It maintains a trust account for proceeds from its $100 million initial public offering completed in January 2022, intended to fund a potential de-SPAC transaction. In recent developments, Broad Capital entered a definitive merger agreement on January 18, 2023, with Openmarkets Group Pty Ltd., an Australian financial services provider, and related entity BMYG OMG Pty Ltd., which was amended in August 2023 to adjust consideration shares; however, the agreement terminated on February 12, 2025, pursuant to its terms. The company extended its initial business combination deadline multiple times, including stockholder-approved amendments in January 2025 permitting up to twelve one-month extensions through January 2026 with reduced fees, but faced Nasdaq delisting initiated January 23, 2025, formalized by SEC Form 25 on June 5, 2025. On July 29, 2025, Broad Capital filed Form 15 with the SEC to voluntarily terminate its registration under Section 12(g), suspending reporting obligations amid heightened compliance costs post-merger failure.