Company Targeting Aviation and Aerospace Files For IPO

Increase font  Decrease font Release Date:2021-08-26  Views:1523
Tips:Broad Capital Acquisition, a blank-check company targeting the aviation and aerospace industry, filed with the Securities and Exchange Commission on Thursday for an initial public offering to raise up

Broad Capital Acquisition, a blank-check company targeting the aviation and aerospace industry, filed with the Securities and Exchange Commission on Thursday for an initial public offering to raise up to $100 million.

The Plano, Texas-based company, which was founded this year, intends to list as “BRACU” on the Nasdaq. It’s led by CEO and Director Johann Tse, founder of Aquarian Capital, which advises corporate buyers and sellers worldwide on merger and acquisition transactions. Tse previously served as a director of mergers and acquisitions for Yum! Brands, which operates American fast food brands KFC, Pizza Hut, and Taco Bell.

Broad Capital plans to target businesses engaged with emerging and transformational technologies, focusing particularly on those operating within the general aviation and aerospace industry, as well as the unmanned aircraft systems and advanced air mobility industries.

The company seeks to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.

 
 

 
0 reviews [ See all reviews ]  Customer Reviews

 
Recommended Articles And Photos
Recommend News & Info
Click Ranking
 
Home | About Us | Contact Us | Intellectual Property | Copyright & Trademark | Legal Disclaimer | Terms of Use | Privacy Policy | Sitemap | Promotion | Ads Service | Web MSG