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Broad Capital Acquisition Corp. 8-K Report: Key Insights & Securities Overview

$BRAC
Form 8-K
Filed on: 2025-02-18
Source
Broad Capital Acquisition Corp. 8-K Report: Key Insights & Securities Overview

Based on the provided XML section of the financial report, here are the key insights and important information extracted:

  1. Entity Information:
  • Name: Broad Capital Acquisition Corp.
  • CIK: 0001865120
  • Address: 6208 Sandpebble Ct., Dallas, TX 75254
  • Phone Number: (469) 951-3088
  1. Filing Type: 8-K
  • Filing Date: February 12, 2025
  1. Securities Information:
  • Units: Each unit consists of:
    • One share of Common Stock with a par value of $0.000001 per share
    • One Right to acquire 1/10 of one share of Common Stock
  • Common Stock Symbol: BRACU (listed on NASDAQ)
  • Rights Symbol: BRACR (listed on NASDAQ)
  1. Measurement Units:
  • Units are reported in USD and shares.
  • There are references to the financial measurements being divided, suggesting a calculation involving USD per share.
  1. Contextual Dates:
  • All data is applicable as of February 12, 2025.
  1. Stock Classifications:
  • The report indicates explicit member classifications for different types of stock included in the units:
    • Common Stock included as part of the units
    • Rights included as part of the units

Insights:

  • The company is structured to offer units that combine equity (common stock) and options (rights), which can be attractive to investors looking for leverage in their investment.
  • The low par value of the common stock may indicate a focus on affordability and accessibility for a wide range of investors.
  • The filing is a standard 8-K report, which typically provides updates on material events or corporate changes, suggesting that this information is part of ongoing disclosures to keep investors informed.
  • The presence of detailed classifications for the units and their components points to compliance with regulatory requirements for transparency in financial reporting.

Overall, this section of the financial report indicates a structured offering of securities by Broad Capital Acquisition Corp. and highlights important details that potential investors should consider.