Yakira Capital Management, Inc. - Jan 21, 2025 Form 4 Insider Report for Broad Capital Acquisition Corp (BRAC)

Role
10%+ Owner
Signature
/s/ Nicholas Sabatini, CFO & CCO
Stock symbol
BRAC
Transactions as of
Jan 21, 2025
Transactions value $
-$6,782,141
Form type
4
Date filed
1/23/2025, 01:03 PM
Previous filing
Nov 6, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRAC Common Stock, par value $0.000001 Sale -$6.78M -572K -100% $11.86 0 Jan 21, 2025 See Footnote F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Yakira Capital Management, Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.