Company Overview - Broad Capital Acquisition Corp. is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [3] - The company is led by Chief Executive Officer Johann Tse [3] 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 [2] - The business combination is part of the company's strategy to enact its initial business combination [2] Financial Information - On May 10, 2024, the company deposited $60,000 into its trust account for public stockholders, which represents $0.035 per public share, allowing an extension of the time to consummate its initial business combination to June 13, 2024 [1]
Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to June 13, 2024