Company Overview - Broad Capital Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [7] - The company is led by Chief Executive Officer Johann Tse [7] Business Combination Details - On January 18, 2023, the company entered into a definitive Agreement and Plan of Merger and Business Combination Agreement with Openmarkets Group Pty Ltd (OMG) and BMYG OMG Pty Ltd [6] - The company has extended the period to consummate its initial business combination to August 13, 2024, by depositing $60,000 into its trust account, representing $0.035 per public share [5] About OMG - OMG is a leading Australian financial services technology group that serves various client groups, including fintechs, dealer groups, private wealth advisers, traders, and stockbrokers [8]
Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to August 13, 2024