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.
10% owner Yakira Capital Management sold 372,000 FRLA shares at $11.51; holds 175,938 shares post-sale (-67.9% reduction).
Yakira Capital Management, a 10% holder, liquidated approximately two-thirds of its FRLA position, selling 372,000 shares for $4.3M. The company remains unprofitable (net income $-217.9K), and the stock trades near its 52-week high of $11.44 with limited upside momentum. Notably, Yakira's cross-ticker track record reveals a 0.00% win rate on prior open-market buys with average 90-day returns of -64.3%, suggesting a pattern of poor timing decisions across its portfolio. The magnitude of this exit—eliminating two-thirds of holdings while the stock remains at cycle highs—combined with the insider's documented poor execution history raises questions about conviction or deteriorating prospects at FRLA.
