Broad Capital Acquisition confirms funding to extend period for combination

Broad Capital Acquisition caused to be deposited $60K into the company’s trust account for its public stockholders, representing 3.5c per public share, allowing the company to extend the period of time it has to consummate its initial business combination to May 13. The Monthly Extension is the fourth of the twelve monthly extensions permitted under the Company’s Amended and Restated Certificate of Incorporation, as amended to date. On January 18, 2023, the company entered into a definitive Agreement and Plan of Merger and Business Combination Agreement with Openmarkets Group, an Australian proprietary limited company, BMYG OMG Pty, an Australian proprietary limited company, and Broad Capital, a Delaware limited liability company, solely in its capacity as the company’s sponsor, pursuant to which the company will enact its initial business combination.