Dallas, Texas, March 15, 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 March 11, 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 April 13, ...

BRACU The Nasdaq Stock Market LLC (Mark One) or BroadCapital 6208 Sandpebble Ct, Dallas, Texas 75254 (Address of principal executive offices) (Zip Code) (Title of each class) Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐ Non-accelerated ...

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 roadCapital UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 The Company's sponsor is Broad Capital LLC, a Delaware limited liability company (the "Sponsor"). The registration statement for the Company's Initial Public Offering was declared effective on January 10, 2022. On January 13, 2022, the ...

FORM 10-Q or Commission File Number: 001-41212 5345 Annabel Lane, Plano, Texas 75093 (Address of principal executive offices) (Zip Code) Securities registered pursuant to Section 12(g) of the Act: None BroadCapital Emerging growth company ☒ As of August 14, 2023, there were 2,990,897 shares of common stock, par value $0.000001 per share, of the registrant issued and outstanding (excluding 4,522,582 subject to possible redemption). TABLE OF CONTENTS 2 The accompanying notes are an integral part of these unau ...

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ | --- | --- | |---------------------------------|---------------------------------| | | | | | | | Large accelerated filer ☐ | Accelerated filer ☐ | | Non-ac ...

FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-41212 Broad Capital Acquisition Corp (Exact name of registrant as specified in its charter) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒ Indicate by check mark if th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41212 BroadCapital BROAD CAPITAL ACQUISITION CORP (Exact name of registrant as specified in its charter) | --- | --- | --- ...

[PART I. FINANCIAL INFORMATION](index=4&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) Broad Capital Acquisition Corp.'s unaudited financial statements and management's analysis detail its financial condition and operational results as a blank check company [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited financial statements, reflecting the company's status as a blank check entity with assets primarily in a trust account [Balance Sheets](index=4&type=section&id=Balance%20Sheets) | Balance Sheet Highlights | June 30, 2022 (Unaudited) | | :--- | :--- | | **Assets** | | | Cash | $622,351 | | Cash and Marketable Securities in trust account | $102,755,004 | | **Total Assets** | **$103,377,355** | | **Liabilities & Equity** | | | Total Liabilities | $3,703,489 | | Common Stock subject to possible redemption | $102,606,597 | | **Total Stockholders' Deficit** | **($2,932,731)** | [Statements of Operations](index=5&type=section&id=Statements%20of%20Operations) | Statement of Operations | Three Months Ended June 30, 2022 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | | Formation and operating costs | ($117,309) | ($576,722) | | Interest earned on trust account | $108,459 | $148,407 | | **Net Loss** | **($8,850)** | **($428,315)** | | Basic and diluted net loss per share | ($0.00) | ($0.03) | [Statements of Changes in Stockholders' Equity](index=6&type=section&id=Statements%20of%20Changes%20in%20Stockholders'%20Equity) - For the six months ended June 30, 2022, stockholders' equity decreased from **$4,905** to a deficit of **($2,932,731)**, primarily due to reclassification of common stock subject to possible redemption, offering costs, and net loss, partially offset by IPO and private placement proceeds[17](index=17&type=chunk) [Statements of Cash Flows](index=7&type=section&id=Statements%20of%20Cash%20Flows) - For the six months ended June 30, 2022, the company's cash increased by **$620,187** - **Operating Activities:** Net cash used was **($580,234)** - **Investing Activities:** Net cash used was **($102,606,597)**, primarily for investment of cash into the Trust Account - **Financing Activities:** Net cash provided was **$103,807,018**, from the IPO and private placement proceeds[20](index=20&type=chunk) [Notes to Financial Statements](index=8&type=section&id=Notes%20to%20Financial%20Statements) - The company is a **blank check company** formed on April 16, 2021, for the purpose of effecting a **Business Combination**, with all activity to date relating to its formation and the **Initial Public Offering**[23](index=23&type=chunk)[24](index=24&type=chunk) - On **January 13, 2022**, the company closed its IPO of **10,000,000 units** at **$10.00 per unit**, generating gross proceeds of **$100 million**, with an additional **159,069 units** sold via a partial exercise of the over-allotment option[25](index=25&type=chunk)[65](index=65&type=chunk) - The company must complete a **Business Combination** within **12 months** from the IPO closing (with possible extensions up to **18 months**), or it will be required to cease operations and redeem the public shares[38](index=38&type=chunk) - Management has determined that the **mandatory liquidation** requirement if a **Business Combination** is not consummated raises **substantial doubt** about the company's ability to continue as a **going concern**[45](index=45&type=chunk) - The company has an agreement to pay its Sponsor **$10,000 per month** for office space and administrative support, commencing from the date of its Nasdaq listing[77](index=77&type=chunk) - Underwriters are entitled to a deferred fee of **$0.35 per Unit**, payable from the **Trust Account** only upon the completion of a **Business Combination**[80](index=80&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=17&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section discusses the company's financial condition and results of operations as a blank check entity, noting its net loss and substantial doubt about its going concern ability Results of Operations | Results of Operations | Three Months Ended June 30, 2022 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | | Interest Income (Non-operating) | $108,459 | $148,407 | | **Net Loss** | **($8,850)** | **($428,315)** | - The company has approximately **$650,000** of proceeds held outside the trust account available for working capital to identify and evaluate target businesses[101](index=101&type=chunk) - Management has determined that the **mandatory liquidation** requirement if a **Business Combination** is not consummated by the deadline (**January 13, 2023**, subject to extension) raises **substantial doubt** about the company's ability to continue as a **going concern**[108](index=108&type=chunk) - Key contractual obligations include a **$10,000 monthly fee** to an affiliate of the Sponsor for administrative support and a deferred underwriting commission of **$3,555,674**, payable upon a successful **Business Combination**[110](index=110&type=chunk)[111](index=111&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=20&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's market risk is minimal, with IPO proceeds in the Trust Account invested in short-term U.S. government treasury securities, minimizing interest rate exposure - The company's exposure to interest rate risk is **not material** as funds in the **Trust Account** are invested in **U.S. government treasury bills, notes, or bonds** with a maturity of **185 days or less**, or in certain money market funds[114](index=114&type=chunk) [Controls and Procedures](index=20&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were not effective as of June 30, 2022, with no material changes to internal control over financial reporting during the quarter - Based on an evaluation as of **June 30, 2022**, the company's principal executive officer and principal financial officer concluded that the company's disclosure controls and procedures were **not effective**[118](index=118&type=chunk) - There were **no changes** in the company's **internal control over financial reporting** during the quarter ended June 30, 2022, that have materially affected, or are reasonably likely to materially affect, its internal controls[119](index=119&type=chunk) [PART II. OTHER INFORMATION](index=21&type=section&id=PART%20II.%20OTHER%20INFORMATION) This section provides other required information, including no legal proceedings, no material changes to risk factors, details on unregistered equity sales, and a list of filed exhibits [Legal Proceedings](index=21&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no legal proceedings - The company is **not involved** in any legal proceedings[121](index=121&type=chunk) [Risk Factors](index=21&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's final prospectus dated January 10, 2022 - **No material changes** to the risk factors disclosed in the **January 10, 2022** prospectus have occurred as of the date of this report[122](index=122&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=21&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the private placement of units to the Sponsor, generating over **$4.5 million** concurrent with the IPO, with proceeds added to the trust account - Simultaneously with the IPO, the company sold **446,358 Private Placement Units** to its Sponsor at **$10.00 per unit**, raising **$4,463,580**, with an additional **4,772 units** sold in connection with the over-allotment exercise, raising another **$47,720**[123](index=123&type=chunk) - Proceeds from the over-allotment closing, totaling **$1,606,597**, were placed in the **U.S.-based trust account** for the benefit of public shareholders[127](index=127&type=chunk) [Other Items (Defaults, Mine Safety, Other Info, Exhibits)](index=22&type=section&id=Other%20Items) The company reports no defaults, mine safety is not applicable, and other information includes a list of filed exhibits such as officer certifications and XBRL data - The company reports **no defaults** upon senior securities (Item 3), mine safety disclosures are **not applicable** (Item 4), and there is **no other information** to report (Item 5)[128](index=128&type=chunk)[129](index=129&type=chunk) - The report includes **required exhibits**, such as **officer certifications** pursuant to the **Sarbanes-Oxley Act** and **Inline XBRL documents** (Item 6)[130](index=130&type=chunk)[131](index=131&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol Name of each exchange on which registered Units, each consisting of one share of common stock, par value $0.000001 per share, and one Right to acquire 1/10 of one share of common stock BRACU The Nasdaq Stock Market LLC common stock included as part of the Units BRAC The Nasdaq Stock Market LLC Rights included as part of the Units BRACR The Nasdaq Stock Market LLC FORM 10-Q (Mark One) ☒ QUARTERLY REPORT ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to _____ Commission File Number: 001-41212 BroadCapital Broad Capital Acquisition Corp (Exact name of registrant as specified in its charter) Delaware 86-3382 ...