---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-020967"
form_type: "8-K"
ticker: null
cik: "0001865120"
company_name: "Broad Capital Acquisition Corp"
filed_at: "2023-06-12T23:59:59+00:00"
generated_at: "2026-06-14T03:15:24.260447+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Broad Capital extends SPAC deadline to Jan 13, 2024; $150k monthly fee approved; ~$15M redeemed

## Summary
- Stockholders approved extension of business combination deadline from Oct 13, 2023 to Jan 13, 2024.
- Monthly extension fee reduced to $150,000 per month, deposited by Broad Capital LLC or affiliates.
- 1,409,026 shares redeemed at ~$10.68 per share, removing ~$15.0M from trust account.
- After redemption, 4,522,582 shares remain outstanding; company to deposit $150k by June 13, 2023.
- Extension is the sixth of up to twelve monthly extensions under the amended charter.

## SEC filing metadata
- accession: 0001493152-23-020967
- form_type: 8-K
- cik: 0001865120
- company_name: Broad Capital Acquisition Corp
- filed_at: 2023-06-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865120/000149315223020967/0001493152-23-020967-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865120/000149315223020967/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-020967
- JSON: https://secwatch.observer/filing/0001493152-23-020967.json
- Plain text: https://secwatch.observer/filing/0001493152-23-020967.txt

## Key facts
- Governance Changes
  Broad Capital Acquisition Corp: Amended the charter to extend the business combination deadline from October 13, 2023 to up to January 13, 2024 through three one-month extensions, and reduced the monthly extension fee from $0.0625 per public share to a fixed $150,000 per month (effective 2023-06-12).
  - Change: charter amendment
  - Effective: 2023-06-12
  source text: On June 9, 2023, the Company held a Special Meeting of Stockholders (the “ Meeting ”). At the Meeting, the Company’s stockholders approved an amendment to the Company’s Charter, as further amended on January 11, 2023 (the “ Extension Amendment ” and such proposal the “Extension Amendment Proposal ”), to (a) to extend the date by which we have to consummate a business combination from October 13, 2023 (the “ Termination Date ”) by up to three (3) one-month extensions to January 13, 2024 (the “ Extended Date ”) and (b) to decrease the monthly extension fee from $0.0625 per share for each public share outstanding after giving effect to redemptions (in the aggregate, the “ Monthly Extension Loan ”) to, in the aggregate, the “Adjusted Monthly Extension Loan,” as defined below, commencing on June 13, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865120/000149315223020967/0001493152-23-020967-index.htm
- Governance Changes
  Broad Capital Acquisition Corp: Amended the trust agreement to allow a reduced monthly extension fee of $150,000 and extend the termination date by up to three one-month extensions until January 13, 2024, and updated certain defined terms (effective 2023-06-12).
  - Effective: 2023-06-12
  source text: The Company also amended the Company’s investment management trust agreement (the “ Trust Agreement ”), dated as of January 10, 2022, as amended on January 10, 2023, by and between the Company and Continental Stock Transfer & Trust Company, allowing the Company reduce the amount of the Monthly Extension Loan to $150,000 for each one-month extension beginning on June 13, 2023 until January 13, 2024, and to extend the Termination Date for an additional three (3) one-month extensions until January 13, 2024, and to update certain defined terms in the Trust Agreement (the “ Second Amendment to the Trust Agreement ” and such proposal the “ Trust Amendment Proposal ”), a form of which is attached as Exhibit 3.2 to this report and is incorporated by reference herein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865120/000149315223020967/0001493152-23-020967-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.