0001493152-22-001041.txt : 20220112 0001493152-22-001041.hdr.sgml : 20220112 20220112155705 ACCESSION NUMBER: 0001493152-22-001041 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220111 FILED AS OF DATE: 20220112 DATE AS OF CHANGE: 20220112 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Shao Nicolas CENTRAL INDEX KEY: 0001904330 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41212 FILM NUMBER: 22526591 MAIL ADDRESS: STREET 1: 6 CHAOYANG PARK SOUTH, PARK AVE. APTS. STREET 2: BLD. #3-11F CITY: BEIJING STATE: F4 ZIP: 00000 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Broad Capital Acquisition Corp CENTRAL INDEX KEY: 0001865120 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 863382967 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 18351 COLIMA ROAD STREET 2: SUITE 2896 CITY: ROWLAND HEIGHTS STATE: CA ZIP: 91748 BUSINESS PHONE: 469-951-3088 MAIL ADDRESS: STREET 1: 18351 COLIMA ROAD STREET 2: SUITE 2896 CITY: ROWLAND HEIGHTS STATE: CA ZIP: 91748 3 1 ownership.xml X0206 3 2022-01-11 0 0001865120 Broad Capital Acquisition Corp BRAC 0001904330 Shao Nicolas 5345 ANNABEL LANE PLANO TX 75093 1 0 0 0 Ordinary Shares Ordinary Shares 20000 D The insiders have agreed not to transfer, assign or sell any of the Common Stock (except to certain permitted transferees as disclosed in the registration statement on Form S-1 (File No. 333-258943)) until, with respect to 50% of the insider shares, the earlier of six months after the date of the consummation of our initial business combination and the date on which the closing price of our common stock equals or exceeds $12.50 per share for any 20 trading days within a 30-trading day period following the consummation of our initial business combination and, with respect to the remaining 50% of the insider shares, six months after the date of the consummation of our initial business combination, or earlier in each case if, subsequent to our initial business combination, we complete a liquidation, merger, stock exchange or other similar transaction which results in all of our stockholders having the right to exchange their shares of common stock for cash, securities or other property. Independent Director /s/ Nicholas Shao 2022-01-12 EX-24 2 ex24.htm

Exhibit 24

POWER OF ATTORNEY

I, Nicholas Shao, Director of Broad Capital Acquisition Corp (the “Company”), hereby authorize and designate Johann Tse as my agent and attorney-in-fact, with full power of substitution to: (1) prepare and sign on my behalf any Form 3, Form 4 or Form 5 under Section l6 of the Securities Exchange Act of 1934, as amended; (2) prepare and sign on my behalf any Form 144 Notice under the Securities Act of 1933, as amended, and file the same with the Securities and Exchange Commission; and (3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion. The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact’s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming, nor is the Company assuming, any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934, as amended, or Section 5 of the Securities Act of 1933, as amended, or Rule 144 promulgated under such Act. This Power of Attorney shall remain in effect until the undersigned is no longer required to file Forms 3, 4, 5 and 144 with respect to the undersigned’s holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorney-in-fact.

Dated: January 11, 2022	Signed:	/s/ Nicholas Shao
		Nicholas Shao