Welcome to our dedicated page for Black Ridge Acquisition news (Ticker: BRACR), a resource for investors and traders seeking the latest updates and insights on Black Ridge Acquisition stock.
Broad Capital Acquisition Corp. (BRACR) generates news primarily as a blank check company or SPAC that moved through a full cycle of proposed business combination, listing compliance issues, delisting and planned deregistration. Coverage related to BRACR often centers on its corporate actions, regulatory milestones and decisions by its board of directors.
One major stream of news involves the company’s definitive Agreement and Plan of Merger and Business Combination Agreement with Openmarkets Group Pty Ltd. and BMYG OMG Pty Ltd. Reports track the announcement of this agreement, its role as the company’s intended initial business combination, and the subsequent notice of termination from OMG under a provision of the Merger Agreement. These developments are central to understanding the company’s trajectory as a SPAC.
Another important category of news focuses on listing and regulatory status. Articles discuss Nasdaq’s decision to cease trading of the company’s securities after determining that Broad Capital Acquisition Corp. did not meet the minimum publicly held shares requirement under Listing Rule 5450(b)(2)(B). Further coverage explains the SEC’s filing of Form 25 to delist the company’s securities from Nasdaq and the board’s plan to file Form 15 to deregister from SEC reporting obligations.
Readers following BRACR-related news can use this page to review updates on the company’s business combination efforts, termination of the merger agreement, exchange compliance issues, delisting process and rationale for deregistration. This provides a focused archive of corporate and regulatory events that define Broad Capital Acquisition Corp.’s history as a SPAC.
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
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