Broad Capital Acquisition Corp
A "blank check company" from Dallas, Texas, Broad Capital Acquisition has no business of its own — it was formed in 2021 to raise money and later merge with or acquire a private company to take it public. It originally aimed at the general aviation, aerospace, unmanned aircraft, and advanced air mobility industries, and once signed a merger deal with an Australian fintech firm that ultimately fell through. Such SPACs, named for the blank checks they write to unknown targets, typically have just a small period to find a deal.
Common Stock