Broad Capital Acquisition Corp (the “Company”) is a blank check company incorporated in the State of Delaware on April 16, 2021. The Company was formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities (“Business Combination”). The Company is not limited to a particular industry or sector for purposes of consummating a Business Combination.
Company profile
Ticker
BRAC
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
863382967
BRAC stock data
Latest filings (excl ownership)
425
Business combination disclosure
17 Apr 24
8-K
Other Events
17 Apr 24
425
Business combination disclosure
15 Mar 24
8-K
Other Events
15 Mar 24
10-K
2023 FY
Annual report
13 Mar 24
425
Business combination disclosure
21 Feb 24
8-K
Other Events
21 Feb 24
425
Business combination disclosure
17 Jan 24
8-K
Other Events
17 Jan 24
425
Business combination disclosure
12 Jan 24
Latest ownership filings
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
4
Change in insider ownership
17 Jan 24
3
Initial statement of insider ownership
17 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Revenue | |||
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Operating income | |||
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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) | 11.63 k | 11.63 k | 11.63 k | 11.63 k | 11.63 k | |
Cash burn (monthly) | 13.51 k | 31.69 k | 220.87 k | 191.02 k | 61.70 k | |
Cash used (since last report) | 90.08 k | 211.37 k | 1.47 mm | 1.27 mm | 411.50 k | |
Cash remaining | -78.45 k | -199.73 k | -1.46 mm | -1.26 mm | -399.86 k | |
Runway (months of cash) | -5.8 | -6.3 | -6.6 | -6.6 | -6.5 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 33 |
Opened positions | 5 |
Closed positions | 4 |
Increased positions | 6 |
Reduced positions | 2 |
13F shares | Current |
---|---|
Total value | 42.32 bn |
Total shares | 11.97 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Polar Asset Management Partners | 1.18 mm | $7.51 bn |
Yakira Capital Management | 1.03 mm | $6.47 bn |
Cowen And | 985.33 k | $201.99 mm |
Shaolin Capital Management | 950.00 k | $5.05 mm |
Saba Capital Management | 800.00 k | $143.80 mm |
MMCAP International Inc. SPC | 750.00 k | $153.75 mm |
Rivernorth Capital Management | 700.00 k | $3.92 bn |
Boothbay Fund Management | 650.00 k | $116.84 mm |
Atw Spac Management | 650.00 k | $116.84 mm |
OAK-PA Oaktree Capital | 550.00 k | $0.00 |
Recent insider trades
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 |
Press releases
Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to May 13, 2024
17 Apr 24
Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to April 13, 2024
15 Mar 24
Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to March 13, 2024
21 Feb 24