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

Issuer:     Broad Capital Acquisition Corp (—)
CIK:        0001865120
Form:       8-K
Filed at:   2025-01-17T23:59:59+00:00
Accession:  0001493152-25-002833
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broad Capital extends SPAC deadline to Jan 2026; $19.3M redeemed, shares drop to 101K
--------------------------------------------------------------------------------

- Stockholders approved extending business combination deadline from Jan 13 2025 to Jan 13 2026 via up to 12 monthly extensions.
- Monthly extension fee reduced from $60k to lesser of $40k or $0.03 per non-redeemed share; first deposit of $3,036.48 made.
- 1,616,447 shares redeemed at ~$11.96/share, removing ~$19.3M from trust; only 101,216 shares outstanding post-redemption.
- Charter and trust agreement amended to reflect new fee formula and extended deadline; trust cash will be held in demand deposit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865120/000149315225002833/0001493152-25-002833-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865120/000149315225002833/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-002833

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