Broad Capital Acquisition (BRACU)

Company Profile

Broad Capital Acquisition Corp focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus on businesses in the general aviation and aerospace industry, and the unmanned aircraft systems and advanced air mobility industries in the United States and internationally. The company was incorporated in 2021 and is based in Plano, Texas.

Company profile

Ticker

BRACU, BRAC

Exchange

NASDAQ

CEO

Mr. Yau On Tse

Incorporated

Location

Fiscal year end

Industry (SIC)

Kyndryl • APA • Verano • Retail Value • Hudson Pacific Properties • COPPER PPTY CTL PASS THRU TR • Kanzhun Limited • North Haven Private Income Fund • Paycor HCM • MMA Capital ...

SEC CIK

0001865120

Corporate docs

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

863382967

BRACU stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

View all

12 Nov 24

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

19 Aug 24

Notice of late quarterly filing

14 Aug 24

425

Business combination disclosure

Business combination disclosure

Business combination disclosure

Latest ownership filings

View all

SC 13G/A

Hudson Bay Capital Management LP

6 Nov 24

SC 13G

RIVERNORTH CAPITAL MANAGEMENT, LLC

10 Apr 24

SC 13G/A

Shaolin Capital Management LLC

22 Feb 24

SC 13G/A

WOLVERINE ASSET MANAGEMENT LLC

14 Feb 24

SC 13G

WOLVERINE ASSET MANAGEMENT LLC

9 Feb 24

SC 13G/A

Lighthouse Investment Partners, LLC

9 Feb 24

SC 13G/A

Polar Asset Management Partners Inc.

9 Feb 24

SC 13G/A

Saba Capital Management, L.P.

7 Feb 24

SC 13G/A

Hudson Bay Capital Management LP

2 Feb 24

Change in insider ownership

17 Jan 24

Financial summary

Financial statements Chart BRACU financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	30.68 k	30.68 k	30.68 k	30.68 k	30.68 k	30.68 k
Cash burn (monthly)	(no burn)	(no burn)	73.00 k	159.56 k	56.62 k	109.24 k
Cash used (since last report)	n/a	n/a	105.66 k	230.94 k	81.96 k	158.12 k
Cash remaining	n/a	n/a	-74.98 k	-200.26 k	-51.28 k	-127.44 k
Runway (months of cash)	n/a	n/a	-1.0	-1.3	-0.9	-1.2

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

BRACU institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	20	7	+185.7%
Opened positions	15	6	+150.0%
Closed positions	2	0	NEW
Increased positions	1	0	NEW
Reduced positions	2	0	NEW

13F shares	Current	Prev Q	Change
Total value	1.44 bn	1.59 bn	-9.3%
Total shares	7.52 mm	3.31 mm	+126.7%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Cowen And	909.25 k	$186.03 mm	-11.5%
Saba Capital Management	800.00 k	$172.00 mm	NEW
MMCAP International Inc. SPC	750.00 k	$153.45 mm	NEW
Boothbay Fund Management	650.00 k	$139.75 mm	NEW
Atw Spac Management	650.00 k	$132.99 mm	NEW
OAK-PA Oaktree Capital Group, LLC 6.625% PFD UT A	550.00 k	$0.00	0.0%
Polar Asset Management Partners	500.00 k	$107.50 mm	NEW
Shaolin Capital Management	500.00 k	$102.30 mm	NEW
Yakira Capital Management	435.80 k	$93.70 mm	-16.4%
D. E. Shaw & Co.	350.00 k	$71.61 mm	NEW

Largest transactions	Shares	Bought/sold	Change
Saba Capital Management	800.00 k	+800.00 k	NEW
MMCAP International Inc. SPC	750.00 k	+750.00 k	NEW
Boothbay Fund Management	650.00 k	+650.00 k	NEW
Atw Spac Management	650.00 k	+650.00 k	NEW
Lighthouse Investment Partners	0.00	-585.44 k	EXIT
Polar Asset Management Partners	500.00 k	+500.00 k	NEW
Shaolin Capital Management	500.00 k	+500.00 k	NEW
D. E. Shaw & Co.	350.00 k	+350.00 k	NEW
JPM JPMorgan Chase & Co.	305.28 k	+305.28 k	NEW
CNH Partners	228.04 k	+228.04 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BRACU insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
16 Jan 24	Yakira Capital Management	Common Stock, par value $0.000001	Sell	Dispose S	Yes	No	11.2	8,750	98.00 k	571,850

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.