Broad Capital Acquisition Corp 8-K

What Happened

• Broad Capital Acquisition Corp filed an 8-K (Jan 21, 2026) reporting that on January 9, 2026 its stockholders approved amendments to the company’s certificate of incorporation and trust agreement to permit up to eighteen (18) one‑month extensions of its deadline to complete an initial business combination, extending the Termination Date from January 13, 2026 to as late as July 13, 2027.
• To effect the first one‑month extension (to February 13, 2026), the company caused $139.38 to be deposited into its trust account on January 9, 2026. Each monthly extension going forward requires a deposit equal to $0.02 multiplied by the number of Public Shares that are not redeemed (the “Adjusted Monthly Extension Loan”), deposited before the then‑current deadline, in exchange for a non‑interest bearing, unsecured promissory note payable upon consummation of a business combination.

Key Details

• Stockholder vote results for both charter and trust amendments: 2,990,921 votes For (96.727%), 3,868 Against (0.125%), 0 Abstain.
• 94,247 shares were redeemed at approximately $12.42 per share, resulting in approximately $1,170,652.29 withdrawn from the trust; after redemption, 6,969 shares remained outstanding.
• The first deposit for the February extension: $139.38. The same per‑extension deposit formula ($0.02 × non‑redeemed Public Shares) applies for each one‑month extension through July 13, 2027 (if used).

Why It Matters

• The approvals give the SPAC more time (up to 18 additional months) to identify and close a business combination, which can be material to the company’s chances of completing a merger or acquisition.
• Each extension requires sponsor/funder deposits into the trust (recorded as promissory notes) and redemptions reduce trust cash available for deal funding; investors should note the extension mechanics, the small per‑share extension fee ($0.02), and the impact of redemptions on the trust balance.