GlobeNewswire Inc. · Jun 18, 2024
Dallas, Texas, June 18, 2024 (GLOBE NEWSWIRE) -- Broad Capital Acquisition Corp. (the “Company”) (NASDAQ: BRAC, BRACR, BRACU), a special purpose acquisition company formed by Broad Capital LLC, today announced that on June 12, 2024 it caused to be deposited $60,000 (the “Extension Payment”) into the Company’s trust account for its public stockholders, representing $0.035 per public share, allowing the Company to extend the period of time it has to consummate its initial business combination to July 13, 2024 (the “Monthly Extension”). The Monthly Extension is the sixth of the twelve monthly extensions permitted under the Company’s Amended and Restated Certificate of Incorporation, as amended to date.
GlobeNewswire Inc. · Jan 17, 2023
Plano, Texas, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Broad Capital Acquisition Corp (NASDAQ: BRAC, BRACR, BRACU) (“BRAC”), a special purpose acquisition company formed by Broad Capital LLC, announced today that its stockholders approved amendments to its charter and trust agreement to change the structure and cost of how BRAC can obtain extensions to the deadline to complete its initial business combination and that BRAC obtained the first of up to nine 1-month extensions of the deadline—from January 13, 2023 to February 13, 2023—by depositing $370,725.50 into its trust account (the “Trust Account”) with Continental Stock Transfer and Trust Company (“Continental”).
GlobeNewswire Inc. · Jan 6, 2023
Plano, Texas, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Broad Capital Acquisition Corp (the “Company”) (Nasdaq: BRAC/BRACU/BRACR), a special purpose acquisition company, today announced that it has postponed the Special Meeting of Shareholders scheduled to occur on January 9, 2023 (the “Special Meeting”) until January 10, 2023 at 10:30 am at the same location as set forth in the Proxy Statement. On December 28, 2022, the Company filed a Definitive Proxy Statement on Schedule 14A (the “Proxy Statement”) with the Securities and Exchange Commission (the “SEC”) with respect to the Special Meeting to vote on, among other things, a proposal to amend the Company’s Amended and Restated Certificate of Incorporation (the “Charter”) to extend the date by which the Company must consummate a business combination (the “Extension”) from January 13, 2022 to October 13, 2023 (the “Extension Proposal”). The purpose of the Extension is to allow the Company more time to complete its initial business combination. In order to support this proposal, the Company, and Sponsor have agreed that, if the proposal is approved, the Sponsor (or its affiliates or permitted designees) will deposit into the Trust Account an additional $0.0625 per share for each month until October 13, 2023, unless the closing of the Company’s initial business combination shall have occurred (the “Extension Payment”) in exchange for a non-interest bearing, unsecured promissory note payable upon consummation of a business combination.-interest bearing, unsecured promissory note payable upon consummation of a business combination.
