OMG! Busy start to the year for Biztech with Openmarkets’ US$90m NASDAQ Listing Deal


Openmarkets has signed a deal with Nasdaq-listed blank check company Broad Capital Acquisition Corp at an estimated valuation of $US90 million to (if performance-related earnouts are added) $US110 million.” writes Street Talk journalists Anthony Macdonald, Sarah Thompson and Kanika Sood, an award-winning senior journalist covering technology and healthcare for the Australian Financial Review.

Congratulations to our fintech client clearing and broker services group Openmarkets (OMG) on signing a business combination agreement with NASDAQ-listed blank check company Broad Capital Acquisition Corp at an estimated valuation of $US90m. 

We have enjoyed working with the entire OMG team including CEO Dan Jowett and Legal Counsel Nick Hornstein on this unique Australia-US listing. 

The deal showcases Biztech’s unique capabilities in US-AU cross border transactional work, and our growing US M&A and capital markets capabilities. Despite macro headwinds, we see strong interest in Australian assets from US buyers, and AU companies looking to access US capital and consumer markets.  

Uniquely, Biztech Lawyers is a single firm offering clients representation across the US, AU and the UK, representing 30% of the global economy, with more markets to come on stream this year.

If you want to learn more about the deal, read the full article on the AFR. Talk to us about how we can support you.

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Anthony Bekker
Founder | Managing Director - APAC
Anthony Bekker founded Biztech Lawyers after leading both legal and operations at e-commerce marketing unicorn Rokt - helping grow it 10x from Sydney, to Singapore, the US and then Europe.

Anthony loves helping technology companies realise their global ambitions and solve their most complex problems; bringing a practical and highly commercial approach to legal matters. That approach is born of a breadth of experience helping hundreds of startups and scaleups, stints in strategy consulting and banking as well as an INSEAD MBA. Anthony began his career at Mallesons Stephen Jaques and became dual-qualified in the UK while undertaking in-house stints at BT the OFT.

Anthony is Biztech Lawyers’ Managing Director for APAC. As a tech-centric law firm we use an array of legal technology to make legal processes more efficient, allowing clients to grow as painlessly as possible. Our global offerings are also an opportunity to propel the world’s most innovative companies to reach international markets. We’re your growth partners.
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