Welcome to our dedicated page for Broad Capital news (Ticker: BRAC), a resource for investors and traders seeking the latest updates and insights on Broad Capital stock.
Broad Capital Acquisition Corp. (BRAC) is identified as a special purpose acquisition company in the blank check sector. News about BRAC has focused on its efforts to complete an initial business combination, subsequent changes to that plan, and significant developments in its listing and regulatory status.
The company disclosed that it entered into a definitive Agreement and Plan of Merger and Business Combination Agreement with Openmarkets Group Pty Ltd. (OMG) and BMYG OMG Pty Ltd. in connection with its initial business combination. Later, it reported that OMG sent a notice terminating this Merger Agreement under a specific contractual provision, which became a central element of the company’s news flow.
Another major theme in BRAC-related news is its trading and listing status on the Nasdaq Stock Market. The company has announced that Nasdaq ceased trading of its securities because it did not meet a listing requirement related to maintaining a minimum number of publicly held shares. It also reports that the Securities and Exchange Commission filed a Form 25 to delist its securities from Nasdaq.
Broad Capital Acquisition Corp. has further stated that its Board of Directors determined to voluntarily file a Form 15 to deregister from SEC reporting requirements. News items about BRAC therefore tend to cover topics such as SPAC business combinations, termination of merger agreements, listing rule compliance, delisting actions, and decisions about deregistration. Investors and researchers following BRAC can use this news page to review these developments and understand the company’s disclosed rationale for its regulatory and corporate actions.
Broad Capital Acquisition Corp. (NASDAQ: BRAC) has announced its intention to voluntarily deregister from SEC reporting requirements. This decision follows a series of significant events, including the termination of its planned business combination with Openmarkets Group Pty Ltd. (OMG) on February 12, 2025, and the delisting of its securities from Nasdaq on June 5, 2025.
The delisting occurred after BRAC failed to maintain the required minimum of 1,100,000 publicly held shares as of December 31, 2024. The company's board determined that the increasing costs and administrative burdens of maintaining public company status outweigh the benefits, citing rising compliance expenses related to SEC, Sarbanes-Oxley, and Nasdaq requirements.
Broad Capital Acquisition Corp (NASDAQ: BRAC) has announced a $60,000 deposit into its trust account, enabling a seventh monthly extension to consummate its initial business combination. This extension, at $0.035 per public share, pushes the deadline to August 13, 2024.
The company has a Business Combination Agreement with Openmarkets Group Pty (OMG), an Australian company, signed on January 18, 2023. This agreement, involving BMYG OMG Pty and Broad Capital as the company's sponsor, outlines the planned initial business combination.
Broad Capital Acquisition Corp, a special purpose acquisition company formed by Broad Capital , can potentially use up to twelve monthly extensions under its Amended and Restated Certificate of Incorporation.
Broad Capital Acquisition Corp (NASDAQ: BRAC) announced a $60,000 extension payment into its trust account on June 12, 2024. This payment, equating to $0.035 per public share, extends the company’s deadline to complete its initial business combination to July 13, 2024. This is the sixth of twelve allowable monthly extensions under the company's amended certificate of incorporation. Broad Capital Acquisition Corp has an ongoing agreement, dated January 18, 2023, to merge with Openmarkets Group Pty , an Australian company, and its affiliates.
Broad Capital Acquisition Corp. (NASDAQ: BRAC, BRACR, BRACU) has extended its deadline to finalize its initial business combination to June 13, 2024. The company deposited $60,000 into its trust account, translating to $0.035 per public share, for this extension. This marks the fifth of twelve permissible monthly extensions. The company has a standing agreement since January 18, 2023, to merge with Openmarkets Group Pty and BMYG OMG Pty
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Broad Capital (BRAC)?
What is the market cap of Broad Capital (BRAC)?
