04:55 AM EDT, 04/18/2024 (MT Newswires) -- Broad Capital Acquisition ( BRAC ) said Wednesday that a $60,000 extension payment was deposited into its trust account, allowing the company to extend the deadline to complete an initial business combination to May 13.

The extension is the fourth of 12 monthly extensions allowed under Broad Capital's by-laws, the company said.

Broad Capital has a pending definitive business combination transaction with Openmarkets Group and BMYG OMG, signed in January 2023.