Broad Capital Acquisition Corp announced that it will issue 446,358 shares at a price of $10 per share for gross proceeds of $4,463,580 on August 19, 2021. The transaction will include participation from returning investor Broad Capital LLC. The company will issue 491,358 shares if the overallotment option is exercised.

All securities will be subject to a lock-up period of thirty days from the date of closing.