{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-002185","form_type":"8-K","ticker":null,"cik":"0001865120","company_name":"Broad Capital Acquisition Corp","filed_at":"2024-01-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.139892+00:00","generated_at":"2026-06-07T00:06:14.573585+00:00","sec_items":["2.03","5.03","5.07","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Broad Capital extends business combination deadline to Jan 2025; ~$31.5M redeemed","bullets":["Stockholders approved extension of termination date from Jan 13, 2024 to Jan 13, 2025 via up to 12 monthly extensions.","Monthly extension fee reduced from $150,000 to $60,000; first deposit due by Jan 13, 2024.","2,804,919 shares redeemed at ~$11.23/share, removing approx. $31.5M from trust account.","Remaining shares outstanding post-redemption: 1,717,663.","Charter and trust agreement amended to reflect lower extension fee and extended deadline."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-002185","json":"https://secwatch.observer/filing/0001493152-24-002185.json","markdown":"https://secwatch.observer/filing/0001493152-24-002185.md","text":"https://secwatch.observer/filing/0001493152-24-002185.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1865120/000149315224002185/0001493152-24-002185-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1865120/000149315224002185/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T00:06:14.573585+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a3ed34bcc096521f21b47206f723c5d6ebfbf915","claim":"Broad Capital Acquisition Corp incurred loan of $60,000 with Broad Capital LLC (or its affiliates or permitted designees) maturing payable upon consummation of a business combination.","evidence_excerpt":"the required payment for each monthly extension period shall constitute the deposit by Broad Capital LLC (or its affiliates or permitted designees) into the Trust Account of $60,000 for each such one-month extension","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1865120/000149315224002185/0001493152-24-002185-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$60,000"},{"label":"Counterparty","value":"Broad Capital LLC (or its affiliates or permitted designees)"},{"label":"Maturity","value":"payable upon consummation of a business combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e52890a6f093eabab71d467065d68dab4259f755","claim":"Broad Capital Acquisition Corp: Charter amendment extending business combination deadline from Jan 13, 2024 to Jan 13, 2025 and reducing monthly extension fee from $150,000 to $60,000 (effective 2024-01-09).","evidence_excerpt":"At the Meeting, the Company’s stockholders approved an amendment to the Company’s Charter, as further amended on January 11, 2023 and June 12, 2023 (the “Extension Amendment Proposal ”), (a) to extend the date by which we have to consummate a business combination from January 13, 2024 (the “ Termination Date ”) by up to twelve (12) one-month extensions to January 13, 2025 (the “ Extended Date ”) and (b) to decrease the monthly extension fee from $150,000 (the “ Monthly Extension Loan ”) to the Adjusted Monthly Extension Loan commencing on January 13, 2024.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1865120/000149315224002185/0001493152-24-002185-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-01-09"}],"fact_type":"governance_change"},{"claim_id":"0e5bae1624445e8c03e640aef1da74b2bbfe6d05","claim":"Broad Capital Acquisition Corp shareholders approved Extension Amendment Proposal: reduce monthly extension fee to $60,000 and extend Termination Date by up to twelve one-month extensions to January 13, 2025 at the 2024-01-13 meeting.","evidence_excerpt":"At the Meeting, the Company’s stockholders approved the Extension Amendment Proposal to (i) reduce the monthly extension fee to $60,000 for each such one-month extension commencing on January 13, 2024, and (ii) extend the Termination Date by up to twelve (12) one-month extensions to January 13, 2025 (or such earlier date as determined by the Company’s Board of Directors).","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1865120/000149315224002185/0001493152-24-002185-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-01-13"}],"fact_type":"shareholder_vote"},{"claim_id":"a47e43b4f3f4ed24fad3424132977197f7fc64da","claim":"Broad Capital Acquisition Corp shareholders approved Trust Amendment Proposal: amend Trust Agreement to extend business combination period, reduce monthly extension fee, require funds in interest-bearing demand deposit account, and update defined terms at the 2024-01-13 meeting.","evidence_excerpt":"Also at the Meeting, the Company’s stockholders approved the Trust Amendment Proposal to amend the Company’s Trust Agreement, allowing the Company to extend the business combination period from January 13, 2024 to January 13, 2025, reduce the monthly extension fee, require Continental Stock Transfer & Trust Company to invest funds in an interest-bearing demand deposit account, and update certain defined terms in the Trust Agreement.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1865120/000149315224002185/0001493152-24-002185-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"merger approval"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-01-13"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}