Broad Capital Acquisition Corp - Rights Stock (NASDAQ: BRACR)

Latest news for Broad Capital Acquisition Corp - Rights (NASDAQ:BRACR) Stock

Broad Capital Acquisition Corp - Rights

BWS Financial analyst Hamed Khorsand maintains A10 Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) with a Buy and raises the price target from $17 to $24.

News

Price Target

Analyst Ratings

ATEN

BWS Financial Maintains Buy on A10 Networks, Raises Price Target to $24

Offerings

Icahn Enterprises Prices Offering Of $500M Of 10.000% Senior Secured Notes Due 2029 In Private Placement

BWS Financial analyst Hamed Khorsand maintains Shenandoah (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHEN#NASDAQ">SHEN</a>) with a Buy and maintains $26 price target.

SHEN

BWS Financial Maintains Buy on Shenandoah, Maintains $26 Price Target

The second of three monthly contests in Benzinga&#8217;s paper trading competition powered by TradeZero kicked off on Oct. 15, giving contestants a chance to take home a portion in the more than $30,000 in cash and prizes offered during&nbsp;<a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=467&amp;aff_id=1" target="_blank" rel="noreferrer noopener">the three-month run.</a>
The current leader of the second contest has posted an impressive gain thanks to the 2024 presidential election.
The Contests:&nbsp;Powered by&nbsp;TradeZero, the&nbsp;<a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=467&amp;aff_id=1" target="_blank" rel="noreferrer noopener">World Championship of Trading</a>&nbsp;is the ultimate trading competition for investors to prove their keen eye during a three-month time period.
The first of three separate contests kicked off on Monday, Sept. 16. A second contest kicked off Oct. 15 and runs through Nov. 14. The third and final contest begins Nov. 15.
Contestants start each contest with a paper balance of $100,000. Each investor will have around one month to generate the highest profits from a starting balance of $100,000 in a simulated trading account.
Contestants in the World Championship of Trading will have access to Benzinga&#8217;s Live Squawk product.
Investors will also gain exposure to TradeZero&#8217;s newly patented short-selling tools.
Here&#8217;s the leaderboard for the second contest through Nov. 10:
1st: Sebastian N.: $7,201,478.01
2nd: Shruthi M.: $530,212.10
3rd: Stephen L.: $385,435.00
Each of the top 10 contestants on the leaderboard has a balance of at least $244,000, gaining over 144% during the contest.
<a href="https://www.benzinga.com/exclusives/24/11/41858491/benzinga-world-championship-of-trading-powered-by-tradezero-top-trader-is-up-over-400-in-second-contest-first-contest-winner-ranks-second">Last week's leader </a>Shruthi M. fell to second place. Andrea S., who won the first contest, fell from second place last week to sixth place and has some ground to make up to win another prize in the trading competition.
This week's top 10 features only four of the top 10 from last week, which shows how the leaderboard changes.
Second Contest Leader: Benzinga recently talked to first-place leader Sebastian N to find out more about how he generated the huge gains in a short time.
"I was definitely waiting for the election," Sebastian told Benzinga. "To win this contest you gotta go big."
Knowing that Tesla Inc CEO Elon Musk had endorsed Donald Trump in the election and the stock could gain from a Trump win, Sebastian said he tracked the electric vehicle stock.
The trader said the stock was already breaking out before the election and seemed like it was going to continue moving higher. Sebastain bought Tesla calls and made it the biggest trade he had made during the contest.
"If Trump wins, we're gonna do well," Sebastian said, recalling his trades.
The trader said he sold the Tesla calls shortly after Trump won the election, netting a large profit in the paper trading contest, but admits he could have made an even larger gain if he held onto them for longer.
Sebastian, who will likely be the winner of the second contest, said he also competed in the first contest and it didn't go so well.
His approach in the second contest was to remember that the leaderboard often changes and it's a multi-week contest with time to play catch up.
"Completely possible to go from 20th to 1st with a good trade."
Sebastian's advice for anyone entering the third and final contest is to remember that the leaderboard is constantly changing and you can still win the contest.
"No matter where you are on the leaderboard, you can always improve on your trading."
If Sebastian wins first place and takes home the $10,000 prize, he said he will use some to pay off student loans, put some of the money into his IRA and maybe trade with the rest.
First Contest Winner:&nbsp;Andrea S., the winner of the first contest, went from $100,000 to more than $1 million in the paper trading account in&nbsp;<a href="https://www.benzinga.com/exclusives/24/10/41240862/benzinga-world-championship-of-trading-powered-by-tradezero-1-contestant-up-988-in-3-weeks-join-now" target="_blank" rel="noreferrer noopener">less than a month.</a>
Benzinga previously&nbsp;<a href="https://www.youtube.com/live/DjRmtokM2YQ?si=V0zxoFo4dHh0jPGT&amp;start=3615" target="_blank" rel="noreferrer noopener">interviewed&nbsp;</a>Andrea S., who was in the top 10 for most of the contest and was in first place several weeks.
Contest Rules:&nbsp;The contest is open to residents of the United States and Canada who are 21 years of age or older.
Traders will be able to buy simulated equities and options from U.S. markets during the contest periods starting with a balance of $100,000. No fractional shares will be allowed. Traders have to hold a minimum of one stock or option throughout the contest. A minimum of five days of one trade or more must be completed throughout each contest.
Interested investors have been able to&nbsp;<a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=467&amp;aff_id=1" target="_blank" rel="noreferrer noopener">sign up to join</a>&nbsp;the contest since Friday, July 26. Signing up for the first contest will automatically register an entry in the second and third contests. Traders can sign up for the contests after the start dates as long as it is before a cutoff deadline.
The dates for the&nbsp;<a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=467&amp;aff_id=1" target="_blank" rel="noreferrer noopener">contests</a>&nbsp;are listed below:
<ul>
<li>Contest 1: Sept. 15 through Oct. 14</li>
<li>Contest 2: Oct. 15 through Nov. 14</li>
<li>Contest 3: Nov. 15 through Dec. 14</li>
</ul>
The last days to register for the remaining contests are at 9 a.m. ET on Nov. 7 and Dec. 8.
Read Also:&nbsp;<a href="https://www.benzinga.com/fintech/23/11/35687369/tradezero-ceo-daniel-pipitone-giving-the-retail-traders-an-institutional-level-toolbox" target="_blank" rel="noreferrer noopener">TradeZero CEO Daniel Pipitone: Giving Retail Traders An Institutional-Level Toolbox</a>
Contest Prizes: Participants have the chance to win as much as $30,000 in cash and prizes during the contests. Travel and expenses will not be paid for the NYSE tour prizes.
Here are the prizes for the World Championship of Trading.
Contest 1:
<ul>
<li>First Place: $5,000 cash, lifetime of&nbsp;<a href="https://pro.benzinga.com/feature/newsfeed/?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=tdEE0VrK8Jeg&amp;ref=lukejacobi5348" target="_blank" rel="noreferrer noopener">Benzinga Pro Essential,</a>&nbsp;tour of the NYSE and lunch for two at the NYSE.</li>
<li>Second Place: $1,000 cash, one year of Benzinga Pro Essential.</li>
<li>Third Place: $500 cash, one year of Benzinga Pro Essential.</li>
</ul>
Contest 2:
<ul>
<li>First Place: $10,000 cash, lifetime of Benzinga Pro Essential, tour of the NYSE and lunch for two at the NYSE.</li>
<li>Second Place: $2,000 cash, one year of Benzinga Pro Essential.</li>
<li>Third Place: $1,000 cash, one year of Benzinga Pro Essential.</li>
</ul>
Contest 3:
<ul>
<li>First Place: $15,000 cash, lifetime of Benzinga Pro Essential, tour of the NYSE and lunch for two at the NYSE.</li>
</ul>
Find out more at the&nbsp;<a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=467&amp;aff_id=1" target="_blank" rel="noreferrer noopener">World Championship of Trading site</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/11/41718416/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-october-2024-where-do-tesla-nvidia-apple-d" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In October 2024 — Where Do Tesla, Nvidia, Apple, DJT Stock Rank?</a></li>
</ul>
The World Championship of Trading (the &#8220;Contest&#8221;) involves the assembling and managing of a fantasy stock portfolio and not actual trading results. Contest information and results (collectively, the "Content") have been made available for information and entertainment purposes only and should not be considered trading or investment advice or a recommendation as to any security. All trading involves risks. Neither Benzinga nor TradeZero make any representations and warranties with respect to the accuracy of the Content, nor do they accept any liability which may arise directly or indirectly from use of the Content. See the&nbsp;<a href="https://tradezeroedge.com/world-championship-of-trading/contest-instructions" target="_blank" rel="noreferrer noopener">Contest&#8217;s official rules</a>&nbsp;for all terms and conditions. TradeZero provides self-directed brokerage accounts to customers through its operating affiliates: TradeZero America, Inc., a United States broker dealer, registered with the Securities and Exchange Commission (SEC) and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC); TradeZero, Inc., a Bahamian broker dealer, registered with the Securities Commission of the Bahamas; and TradeZero Canada Securities ULC, a Canadian broker dealer, member firm of the Canadian Investment Regulatory Organization (CIRO) and member of the Canadian Investor Protection Fund (CIPF). If you have any specific questions about TradeZero's brokerage services, please reach out to the TradeZero broker dealer in your jurisdiction.

Politics

Exclusives

TSLA

Benzinga World Championship Of Trading's Top Trader Up Over 7,000% Thanks To 2024 Election, Tesla Options

D. Boral Capital analyst Jason Kolbert maintains Clene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLNN#NASDAQ">CLNN</a>) with a Buy and maintains $23 price target.

CLNN

D. Boral Capital Maintains Buy on Clene, Maintains $23 Price Target

Earnings

DADA

Dada Nexus Q3 Adj EPS $(0.03) Beats $(0.11) Estimate, Sales $367.06M Beat $329.44M Estimate

The transaction is independent of the Company's standing share buyback plan—announced on June 7, 2024, and authorizing the Company to purchase up to $150 million of the Company's shares over 3 years—which will continue as planned subject to its terms, including the availability of distributable funds.
After the closing of the transaction, L Catterton will own approximately 4 million shares, representing approximately 7% of the company's ordinary shares outstanding as of September 30, 2024, pro forma for the transaction.
 &nbsp;

Buybacks

L Catterton Agrees To Sell 2.35M ODDITY Class A Ordinary Shares Back To ODDITY For Total Cash Consideration Of $100M At Purchase Price Of $42.501 Per Share

Macquarie analyst Tim Nollen maintains Getty Images Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETY#NYSE">GETY</a>) with a Neutral and raises the price target from $3.5 to $3.75.

GETY

Macquarie Maintains Neutral on Getty Images Holdings, Raises Price Target to $3.75

Pure Cycle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCYO#NASDAQ">PCYO</a>) reported quarterly earnings of $0.27 per share. This is a 440 percent increase over earnings of $0.05 per share from the same period last year. The company reported $12.56 million in sales this quarter. This is a 269.41 percent increase over sales of $3.40 million the same period last year.

PCYO

Pure Cycle Q4 EPS $0.27 Up From $0.05 YoY, Sales $12.56M Up From $3.40M YoY

As FF's exclusive licensee for ecosystem products, Grow Fandor will manage the design, development, sales, and operations for certain ecosystem products bearing the FF and Faraday X (FX) brands. This collaboration has the potential to become a new growth driver for FF.
Under the terms of the licensing agreement, Grow Fandor has exclusive licensing rights as the only third-party allowed to use the FF and FX brands and marks during the contract term.&nbsp;
The anticipated economic benefits for FF from this collaboration include a royalty fee equal to the greater of (a) 50% of the annual net profit from FF and FX ecosystem products and (b) 5% of net sales revenue from all relevant brand ecosystem products.
&nbsp;

Contracts

FFIE

Faraday Future Enters Comprehensive Strategic Licensing Agreement With Grow Fandor; Receives Initial $250,000 Annual License Fee

Chardan Capital analyst Geulah Livshits maintains Lexeo Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEO#NASDAQ">LXEO</a>) with a Buy and raises the price target from $23 to $25.

LXEO

Chardan Capital Maintains Buy on Lexeo Therapeutics, Raises Price Target to $25

Biofrontera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFRI#NASDAQ">BFRI</a>) reported quarterly losses of $(0.98) per share which missed the analyst consensus estimate of $(0.83) by 18.07 percent. This is a 78.88 percent increase over losses of $(4.64) per share from the same period last year. The company reported quarterly sales of $9.01 million which missed the analyst consensus estimate of $10.01 million by 9.97 percent. This is a 1.30 percent increase over sales of $8.90 million the same period last year.

Earnings Misses

BFRI

Biofrontera Q3 EPS $(0.98) Misses $(0.83) Estimate, Sales $9.01M Miss $10.01M Estimate

Thomas A. Sa, who currently serves as the Chief Operating Officer for the Company and the Bank, will assume the duties of Chief Financial Officer on an interim basis beginning November 18, 2024, while the Company and the Bank complete a search for McGovern's permanent replacement.&nbsp;
The Company confirmed that McGovern's departure does not relate to any concerns regarding the integrity or reliability of the Company's financial statements.
 &nbsp;

Management

HTBK

Heritage Commerce Says Vice President And CFO Lawrence McGovern Is Expected To Depart Company In February 2025; Thomas Sa To Assume Duties Of CFO On Interim Basis Beginning November 18

Barrington Research analyst Alexander Paris maintains American Public Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APEI#NASDAQ">APEI</a>) with a Outperform and raises the price target from $18 to $24.

APEI

Barrington Research Maintains Outperform on American Public Education, Raises Price Target to $24

Cheetah Net Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) reported quarterly losses of $(1.06) per share which missed the analyst consensus estimate of $(0.32) by 231.25 percent. The company reported quarterly sales of $61.21 thousand which missed the analyst consensus estimate of $900.00 thousand by 93.20 percent. This is a 99.39 percent decrease over sales of $10.04 million the same period last year.

CTNT

Cheetah Net Supply Chain Q3 2024 GAAP EPS $(1.06) Misses $(0.32) Estimate, Sales $61K Miss $900.00K Estimate

Macquarie analyst Chad Beynon maintains AMC Enter Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) with a Underperform and maintains $4 price target.

Macquarie Maintains Underperform on AMC Enter Hldgs, Maintains $4 Price Target

EZCORP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZPW#NASDAQ">EZPW</a>) reported quarterly earnings of $0.26 per share which missed the analyst consensus estimate of $0.27 by 3.7 percent. The company reported quarterly sales of $294.55 million which beat the analyst consensus estimate of $288.49 million by 2.10 percent. This is a 8.90 percent increase over sales of $270.48 million the same period last year.

Earnings Beats

EZPW

EZCORP Q4 2024 Adj EPS $0.26 Misses $0.27 Estimate, Sales $294.55M Beat $288.49M Estimate

Chardan Capital analyst Geulah Livshits maintains Cargo Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGX#NASDAQ">CRGX</a>) with a Buy and maintains $28 price target.

CRGX

Chardan Capital Maintains Buy on Cargo Therapeutics, Maintains $28 Price Target

Tirzepatide demonstrated sustained average weight loss of 22.9% (15 mg dose) through the three-year treatment period for the efficacy estimandi. These findings were published in The New England Journal of Medicine (<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4301568-1&amp;h=3054183165&amp;u=https%3A%2F%2Fwww.nejm.org%2F&amp;a=NEJM">NEJM</a>) and recently presented at ObesityWeek 2024.

Eli Lilly Reports Detailed Results From Phase 3 SURMOUNT-1 Three-year Study; Says Tirzepatide In Adults With Pre-diabetes And Obesity Or Overweight Resulted In Sustained Weight Loss And Nearly 99% Remained Diabetes-Free At 176 Weeks

Bluejay Diagnostics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJDX#NASDAQ">BJDX</a>) ("Bluejay" or the "Company"), a medical technology company developing rapid diagnostics on its Symphony platform to improve patient outcomes in critical care settings, today announced that the Company's Board of Directors has approved a reverse stock split of its shares of common stock at a ratio of 1-for-50 (the "Reverse Stock Split"). The Reverse Stock Split will become effective at 12:01 a.m. Eastern Time on November 18, 2024, and the Company's common stock will open for trading on The Nasdaq Capital Market on a post-split basis on November 18, 2024 under the Company's existing trading symbol, "BJDX." At such time, the Company's common stock will also commence trading with a new CUSIP number, 095633509.

Stock Split

BJDX

Bluejay Diagnostics Announces 1-For-50 Reverse Stock Split, Will Open For Trading On The Nasdaq Capital Market On A Post-Split Basis On November 18, 2024

Press Releases

Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to December 13, 2023

Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to January 13, 2024

Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to February 13, 2024

Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to March 13, 2024

Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to April 13, 2024

Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to May 13, 2024

Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to June 13, 2024

Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to July 13, 2024

Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to August 13, 2024

BRAC

BRACR

BRACU

Broad Capital Acquisition Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRAC#NASDAQ">BRAC</a>, BRACR, BRACU))) (&ldquo;BRAC&rdquo;), a special purpose acquisition company formed by Broad Capital LLC, announced today that its stockholders approved amendments to its charter and trust agreement to change the structure and cost of how BRAC can obtain extensions to the deadline to complete its initial business combination and that BRAC obtained the first of up to nine 1-month extensions of the deadline&mdash;from January 13, 2023 to February 13, 2023&mdash;by depositing $370,725.50 into its trust account (the &ldquo;Trust Account&rdquo;) with Continental Stock Transfer and Trust Company (&ldquo;Continental&rdquo;).

BRAC&rsquo;s stockholders, at a virtual general meeting of stockholders held January 10, 2023, approved amendments to BRAC&rsquo;s Amended and Restated Certificate of Incorporation (the &ldquo;Charter Amendment&rdquo;) and BRAC&rsquo;s Investment Management Trust Agreement dated January 10, 2022 with Continental (the &ldquo;Trust Agreement Amendment&rdquo;) to change how BRAC can obtain extensions to the previously applicable January 13, 2023 deadline to complete its initial business combination. Prior to the amendments, BRAC could obtain up to two 3-month extensions by depositing $1,015,906.90 for each extension into its Trust Account by the deadline applicable prior to the extension. The amendments allow BRAC to instead obtain up to nine 1-month extensions by depositing $0.0625 per outstanding public share into the Trust Account by the deadline applicable prior to the extension.

The Charter Amendment triggered a right of BRAC&rsquo;s public stockholders to demand the redemption of their public shares out of funds held in the Trust Account. Holders of 4,227,461 public shares properly requested redemption leaving 5,931,608 public shares outstanding. After payment of the redemption price to the redeeming public stockholders of approximately $10.25 per share for an aggregate of $43,354,304.31, BRAC will have approximately $60,831,013.71 left in its Trust Account.

As a consequence of adoption of the Charter Amendment and the Trust Agreement Amendment and the redemptions, BRAC can now obtain up to nine 1-month extensions to the deadline to complete its initial business combination at a cost of $370,725.50 per extension. In connection with the amendments, BRAC notified Continental that it was exercising its right to obtain the first extension and deposited $370,725.50 into the Trust Account. The Company obtained the funds through a loan from its Sponsor or its designees.

The Charter Amendment, Trust Agreement Amendment, and the first extension described above will provide BRAC with additional time to complete a business combination.

Broad Capital Acquisition Corp Announces Charter And Trust Agreement Amendments And Extension Of Deadline To Complete A Business Combination To February 13, 2023

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Broad Capital Acquisition Corp - Rights

News

Latest news for Broad Capital Acquisition Corp - Rights (NASDAQ:BRACR) Stock

Tuesday, January 17, 2023

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