10% owner Yakira Capital exits BRAC entirely, selling 571.8K shares at $11.86 for $6.8M on 2025-01-21
Yakira Capital Management, Inc. liquidated its entire 571,850-share position in Broad Capital Acquisition Corp, divesting completely at $11.86 per share for $6,782,141.00. This exit by a 10% holder represents total withdrawal of major-investor backing from the company. The timing occurs with BRAC at $11.70 current price (near the 52-week low of $11.21) and the company operating in a loss position with full-year net income of $-108,671.00 and market cap of $35,000,000. Yakira's cross-ticker track record shows poor sell timing: the insider's prior open-market sell generated +1.2% average 30-day return, suggesting stocks moved higher after his past sales, while his six prior cross-ticker purchases averaged -62.8% 30-day returns and a 0.00% 90-day win rate. The complete exit of a 10% stakeholder signals material confidence reassessment in the company's trajectory.