secwatch.observer — SEC 8-K summary
======================================

Issuer:     Broad Capital Acquisition Corp (—)
CIK:        0001865120
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0001493152-24-002185
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broad Capital extends business combination deadline to Jan 2025; ~$31.5M redeemed
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865120/000149315224002185/0001493152-24-002185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865120/000149315224002185/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-002185

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer