Broad Capital Acquisition (BRAC)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	30.68 k	30.68 k	30.68 k	30.68 k	30.68 k	30.68 k
Cash burn (monthly)	(no burn)	(no burn)	73.00 k	159.56 k	56.62 k	109.24 k
Cash used (since last report)	n/a	n/a	203.76 k	445.37 k	158.06 k	304.93 k
Cash remaining	n/a	n/a	-173.08 k	-414.69 k	-127.38 k	-274.25 k
Runway (months of cash)	n/a	n/a	-2.4	-2.6	-2.2	-2.5

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Financial data from company earnings reports.

Institutional ownership, Q2 2023

BRAC institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	32	22	+45.5%
Opened positions	15	3	+400.0%
Closed positions	5	24	-79.2%
Increased positions	11	3	+266.7%
Reduced positions	1	12	-91.7%

13F shares	Current	Prev Q	Change
Total value	39.84 bn	49.18 bn	-19.0%
Total shares	11.91 mm	6.02 mm	+98.0%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Mangrove Partners	1.50 mm	$188.56 mm	NEW
Polar Asset Management Partners	1.18 mm	$7.30 bn	+62.1%
Yakira Capital Management	1.08 mm	$6.28 bn	+86.1%
Saba Capital Management	800.00 k	$101.64 mm	NEW
MMCAP International Inc. SPC	750.00 k	$94.35 mm	NEW
Rivernorth Capital Management	700.00 k	$3.80 bn	+100.0%
Boothbay Fund Management	650.00 k	$81.77 mm	NEW
Atw Spac Management	650.00 k	$82.58 mm	NEW
OAK-PB Oaktree Capital	550.00 k	$0.00	0.0%
Hudson Bay Capital Management	498.09 k	$5.34 bn	0.0%

Largest transactions	Shares	Bought/sold	Change
Mangrove Partners	1.50 mm	+1.50 mm	NEW
Shaolin Capital Management	0.00	-860.00 k	EXIT
Saba Capital Management	800.00 k	+800.00 k	NEW
MMCAP International Inc. SPC	750.00 k	+750.00 k	NEW
Boothbay Fund Management	650.00 k	+650.00 k	NEW
Atw Spac Management	650.00 k	+650.00 k	NEW
Oaktree Capital Management	0.00	-550.00 k	EXIT
Yakira Capital Management	1.08 mm	+499.90 k	+86.1%
Polar Asset Management Partners	1.18 mm	+450.00 k	+62.1%
D. E. Shaw & Co.	350.00 k	+350.00 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BRAC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
16 Jan 24	Yakira Capital Management	Common Stock, par value $0.000001	Sell	Dispose S	Yes	No	11.2	8,750	98.00 k	571,850

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.