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Broad Capital Acquisition Corp  (BRAC)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $11.2600 $0.04 0.357%
Day's High: $11.26 Week Perf: 0.22 %
Day's Low: $ 11.25 30 Day Perf: 1.08 %
Volume (M): 117 52 Wk High: $ 12.31
Volume (M$): $ 1,322 52 Wk Avg: $10.92
Open: $11.25 52 Wk Low: $10.50



 Market Capitalization (Millions $) 97
 Shares Outstanding (Millions) 9
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -1
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Broad Capital Acquisition Corp
Broad Capital Acquisition Corp. is a special purpose acquisition company (SPAC) that was established with the purpose of identifying and acquiring one or more businesses in various sectors. SPACs function as blank-check companies, meaning that they raise funds through an initial public offering (IPO) with the intention of using those funds to later acquire an operating company.

Broad Capital Acquisition Corp. specifically aims to focus on businesses within the technology, media, and telecommunications sectors. SPACs like Broad Capital Acquisition Corp. typically have a limited time frame in which to complete an acquisition, usually around two years. If they fail to identify and execute an acquisition within this time frame, the funds raised in the IPO are typically returned to the shareholders.

The management team of Broad Capital Acquisition Corp. consists of experienced professionals who have a strong background in finance, investments, and business operations. They leverage their expertise to evaluate potential acquisition targets and negotiate favorable deals for their shareholders.

Overall, Broad Capital Acquisition Corp. is a SPAC that seeks to identify and acquire promising companies within the technology, media, and telecommunications sectors, offering potential investors the opportunity to participate in the growth and success of these businesses.


   Company Address: 6208 Sandpebble Ct Dallas 75254 TX
   Company Phone Number: 951-3088   Stock Exchange / Ticker: NASDAQ BRAC
   


   

Stock Performances by Major Competitors

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Broad Capital Acquisition Corp

BRAC's Strong Recovery in Fourth Quarter 2023 Earnings Sparks Investor Interest

In the world of Blank Checks industry, the focus has primarily been on the larger companies and their earnings reports. However, some lesser known corporations are making headlines with their financial updates.
BRAC (Blank Checks Acquisition Corp) recently reported an operating shortfall of $-0.491381 million for the fourth quarter of 2023. Despite this, the company has shown improvement compared to the same period last year. Operating in the progress stage, BRAC's performance has caught the attention of investors and analysts alike.

Broad Capital Acquisition Corp

Broad Capital Acquisition Corp: Writing a New Future with Blank Checks

Broad Capital Acquisition Corp, a company in the Blank Checks sector, recently disclosed their financial numbers for the fiscal period ending September 30, 2023. The company reported an operating shortfall of $-0.662607 million, highlighting a decline compared to the same period last year when the operating shortfall was $-0.252312 million.
In a growing sector like Blank Checks, it is crucial for companies like Broad Capital Acquisition Corp to continuously develop and expand their revenue sources. Additionally, it is important for them to maintain sufficient reserves to sustain their operations. However, the latest financial report showed a net loss of $-0.186 million for the fiscal period ending September 30, 2023, indicating a challenging quarter for the organization.
It is worth noting that during the same period in 2022, Broad Capital Acquisition Corp was profitable. This contrasting performance raises questions about the factors contributing to the current fiscal challenges. Investors and analysts will be eager to understand the reasons behind the operating shortfall and explore potential strategies to address the situation.

Broad Capital Acquisition Corp

BRAC Discloses Operating Loss in Q2 2023, Raising Concerns for Long-Term Growth



In the Blank Checks sector, where large companies often grab the spotlight, there are several overlooked players publishing their financial results. One such company is BRAC, which recently announced its earnings for the second quarter of 2023. While the operating loss has increased compared to the same period the previous year, there are positive developments in terms of net income. This article explores the implications of these financial results and how they might impact BRAC going forward.
1. Operating Loss:
BRAC's operating loss for the second quarter of 2023 amounted to $-0.225182 million. This figure is higher than the operating loss of $-0.117309 million witnessed in the same quarter of 2022. The increase in operating loss raises concerns about the company's ability to manage its operational expenses effectively. BRAC needs to address this issue to maintain financial stability and long-term growth.

Broad Capital Acquisition Corp

Implications for the Blank Checks Industry's Earnings Season

As the earnings season of January to March 31, 2023, continues, businesses across different sectors are declaring their earnings. One of the industries that have been in the thick of it is the Blank Checks industry, and one of the entities that have disclosed its earnings is BRAC.
According to the company, it suffered an operating shortfall of $-1.230502 million for the fiscal period that ended on March 31, 2023. Although the company has not announced its revenue yet, it's possible to place its current performance into perspective by comparing it to its corporate performance through the first quarter of 2022.






 




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