Broad Capital Acquisition Corp: Nasdaq/NYSE listing notice — Broad Capital Acquisition Corp receives Nasdaq delisting notice for insufficient publicly held shares

Broad Capital Acquisition Corp

Nasdaq letter on Jan 6, 2025: Company failed to maintain minimum 1,100,000 publicly held shares under Rule 5450(b)(2)(B).
Compliance plan due by Feb 20, 2025; if accepted, Nasdaq may grant up to 180-day extension to regain compliance.
Company intends to submit plan; may appeal to Hearings Panel if plan rejected, but no assurance of success.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Broad Capital Acquisition Corp received a nasdaq deficiency notice notice regarding shareholders (rules 5450(b)(2)(B)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: shareholders
Rules: 5450(b)(2)(B)

Exact text from the filing

January 6, 2025, Broad Capital Acquisition Corp. (the “Company”) received a letter (the “Letter”) from the listing qualifications department staff (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) indicating that the C

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Broad Capital Acquisition Corp received a nasdaq deficiency notice notice regarding other (rules 5450(b)(2)(B)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5450(b)(2)(B)

Exact text from the filing

January 6, 2025, Broad Capital Acquisition Corp. (the “Company”) received a letter (the “Letter”) from the listing qualifications department staff (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq’s Listing Rule 5450(b)(2)(B) (the “Rule”) because the Company has not, as of December 31, 2024, maintained a minimum of 1,100,000 publicly held shares, as required under the Nasdaq continued listing standards for The Nasdaq Global Market. Under Nasdaq Listing Rules, the Company has 45 calendar days or until February 20, 2025 to submit a

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Source: SEC EDGAR

accession 0001493152-25-001684

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