secwatch.observer — SEC 8-K summary
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Issuer:     Broad Capital Acquisition Corp (—)
CIK:        0001865120
Form:       8-K
Filed at:   2023-06-12T23:59:59+00:00
Accession:  0001493152-23-020967
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865120/000149315223020967/0001493152-23-020967-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865120/000149315223020967/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-020967

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