Amended Current Report Filing (8-k/a)
February 25 2022 - 5:40PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K/A
CURRENT
REPORT
Pursuant
to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): February 9, 2022
Broad
Capital Acquisition Corp
(Exact
name of registrant as specified in its charter)
Delaware |
|
000-41212 |
|
86-3382967 |
(State
or other jurisdiction
of
incorporation or organization) |
|
(Commission
File
Number) |
|
(I.R.S.
Employer
Identification
Number) |
5345
Annabel Lane, Plano, TX 75093
(Address
of principal executive offices, including zip code)
(469)
951-3088
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Units,
each consisting of one share of Common Stock, par value $0.000001 per share, and one Right to acquire 1/10 of one share of Common
Stock |
|
BRACU |
|
The
Nasdaq Stock Market LLC |
Common
Stock included as part of the Units |
|
BRAC |
|
The
Nasdaq Stock Market LLC |
Rights
included as part of the Units |
|
BRACR |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2
of the Securities Exchange Act of 1934.
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
8.01. Other Events.
As
previously reported on a Current Report on Form 8-K of Broad Capital Acquisition Corp. (the “Company”), on January
14, 2022, the Company consummated its initial public offering (the “IPO”) of 10,000,000 units (the “Units”).
Each Unit consisted of one share of common stock of the Company, par value $0.000001 per share (the “Common Stock”) and one
right (the “Public Rights”) to receive one-tenth (1/10) of one share of Common Stock upon the consummation of an initial
business combination. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $100,000,000. The Company
granted the underwriters (the “Underwriters”) a 45-day option to purchase up to 1,500,000 Units to cover over-allotments,
if any. On February 9, 2022, the Underwriters partially exercised the over-allotment option and on February 10, 2022, purchased an additional
159,069 Units from the Company (the “Over-Allotment Units”), generating gross proceeds of $1,558,876.20, and forfeited
the remainder of the option.
As
previously reported on a Current Report on Form 8-K of the Company, substantially concurrently with the closing of the IPO, the Company
completed the private sale of 4,772 private units (the “Private Placement Units”) at a purchase price of $10.00 per
Private Placement Unit, to the Company’s sponsor, Broad Capital LLC, generating gross proceeds to the Company of $47,720.70.
In
connection with the closing and sale of the Over-Allotment Units and the additional Private Placement Units (together, the “Over-Allotment
Closing”), a total of $1,606,596.90 in proceeds from the Over-Allotment Closing (which amount includes $31,813.80 of the Underwriters’
deferred discount) was placed in a U.S.-based trust account established for the benefit of the Company’s public shareholders, maintained
by Continental Stock Transfer & Trust Company, acting as trustee.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits
EXHIBIT
INDEX
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated:
February 25, 2022 |
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|
|
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BROAD
CAPITAL ACQUISITION CORP |
|
|
|
|
By: |
/s/
Johann Tse |
|
Name: |
Johann
Tse |
|
Title: |
Chief
Executive Officer |
Broad Capital Acquisition (NASDAQ:BRACU)
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