Broad Capital Acquisition Extends Period To Consummate Initial Business Combination To June 13, 2024
Portfolio Pulse from Benzinga Newsdesk
Broad Capital Acquisition Corp. (NASDAQ: BRAC) has extended the period to complete its initial business combination to June 13, 2024, by depositing $60,000 into its trust account. This is the fifth of twelve allowed monthly extensions.
May 20, 2024 | 8:37 pm
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Broad Capital Acquisition Corp. has extended its deadline to complete its initial business combination to June 13, 2024, by depositing $60,000 into its trust account. This extension is the fifth of twelve allowed.
The extension allows BRAC more time to find a suitable business combination, which is neutral in the short term as it does not directly affect the stock price but indicates ongoing efforts to complete a deal.
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