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Broad Capital Acquisition Corp.: 2025 Financial Report Insights Revealed!

$BRAC
Form 8-K
Filed on: 2025-01-17
Source
Broad Capital Acquisition Corp.: 2025 Financial Report Insights Revealed!

The provided financial report section contains structured data in XBRL format related to Broad Capital Acquisition Corp. For the key insights and information extracted, please see the following:

Key Information:

  1. Entity Identification:
  • Company Name: Broad Capital Acquisition Corp.
  • CIK Number: 0001865120
  • SEC File Number: 001-41212
  • IRS Employer Identification Number (EIN): 86-3382967
  • Address: 6208 Sandpebble Ct., Dallas, TX 75254
  • Phone Number: (469) 951-3088
  1. Report Context:
  • Filing Date: January 13, 2025
  • Period of Reporting: January 13, 2025 (single-day reporting)
  1. Financial Instruments:
  • Units Description: Each unit consists of:
    • One Share of Common Stock: Par value $0.000001 per share.
    • One Right to Acquire: 1/10 of one share of Common Stock.
  1. Stock and Rights Information:
  • Unit Ticker Symbols:
    • Common Stock: BRACU (NASDAQ)
    • Rights: BRACR (NASDAQ)
  • The financial report indicates that the units include common stock and rights, which may have implications for the capital structure and investor rights.
  1. Classification:
  • The report details different classifications related to stock and rights included as part of the units, suggesting a structured approach to equity instruments.

Insights:

  • The structure of the units, incorporating both shares and rights, indicates a strategy to attract investors by providing additional options for equity participation. The rights allow holders to acquire additional shares at a fraction of a whole share, potentially enhancing shareholder value.
  • The low par value of the common stock may indicate a strategic choice that could facilitate flexibility in raising capital and structuring future financing rounds.
  • The report is part of a routine filing (8-K), which typically signifies important events or changes, suggesting that the company is actively maintaining transparency with stakeholders.

Overall, this snapshot of Broad Capital Acquisition Corp.'s financial report provides essential insights into its equity structure, regulatory compliance, and operational transparency.