Embrace Change Acquisition Corp. closes $73.9M SPAC IPO with partial over-allotment

Embrace Change Acquisition Corp.

Closed IPO of 7,392,855 units at $10/unit; gross proceeds $73.9M; includes 892,855 units from partial over-allotment exercise.
Net proceeds of $72.0M from IPO plus $3.74M from private placement deposited in trust account, totaling $75.8M.
Private placement of 373,750 units to sponsor Wuren Fubao Inc. for $3.74M; warrants non-redeemable for holders.
Appointed three independent directors (Xiao, de Richemont, Zhou) to board committees effective May 16, 2022.
Filed amended and restated memorandum & articles of association; 20,536 founder shares forfeited due to over-allotment.

item 1.01 item 3.02 item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Gregory de Richemont

Director

EMCGF · Embrace Change Acquisition Corp.

Effective: 2022-05-16
Filed: August 12, 2022, 7:59 PM ET

Effective May 16, 2022, Jiangping (Gary) Xiao, Gregory de Richemont and Hang Zhou were appointed to the board of directors of the Company (the “ Board ”).

Appointed

Jiangping (Gary) Xiao

Director

EMCGF · Embrace Change Acquisition Corp.

Effective: 2022-05-16
Filed: August 12, 2022, 7:59 PM ET

Effective May 16, 2022, Jiangping (Gary) Xiao, Gregory de Richemont and Hang Zhou were appointed to the board of directors of the Company (the “ Board ”).

Appointed

Hang Zhou

Director

EMCGF · Embrace Change Acquisition Corp.

Effective: 2022-05-16
Filed: August 12, 2022, 7:59 PM ET

Effective May 16, 2022, Jiangping (Gary) Xiao, Gregory de Richemont and Hang Zhou were appointed to the board of directors of the Company (the “ Board ”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Gregory de Richemont was appointed as Director at Embrace Change Acquisition Corp..

Action: appointed
Role: Director

Exact text from the filing

Effective May 16, 2022, Jiangping (Gary) Xiao, Gregory de Richemont and Hang Zhou were appointed to the board of directors of the Company (the “ Board ”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Jiangping (Gary) Xiao was appointed as Director at Embrace Change Acquisition Corp..

Action: appointed
Role: Director

Exact text from the filing

Effective May 16, 2022, Jiangping (Gary) Xiao, Gregory de Richemont and Hang Zhou were appointed to the board of directors of the Company (the “ Board ”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Hang Zhou was appointed as Director at Embrace Change Acquisition Corp..

Action: appointed
Role: Director

Exact text from the filing

Effective May 16, 2022, Jiangping (Gary) Xiao, Gregory de Richemont and Hang Zhou were appointed to the board of directors of the Company (the “ Board ”).

View on SEC.gov

Embrace Change Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001193125-22-220018

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