{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-220018","form_type":"8-K","ticker":"EMCGF","cik":"0001869601","company_name":"Embrace Change Acquisition Corp.","filed_at":"2022-08-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:57.555300+00:00","generated_at":"2026-06-24T00:30:08.594490+00:00","sec_items":["1.01","3.02","5.02","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Embrace Change Acquisition Corp. closes $73.9M SPAC IPO with partial over-allotment","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-220018","json":"https://secwatch.observer/filing/0001193125-22-220018.json","markdown":"https://secwatch.observer/filing/0001193125-22-220018.md","text":"https://secwatch.observer/filing/0001193125-22-220018.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1869601/000119312522220018/0001193125-22-220018-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1869601/000119312522220018/d360346d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T00:30:08.594490+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"07695c3ec2","claim":"Gregory de Richemont was appointed as Director at Embrace Change Acquisition Corp..","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1869601/000119312522220018/0001193125-22-220018-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"4aa267b85f","claim":"Jiangping (Gary) Xiao was appointed as Director at Embrace Change Acquisition Corp..","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1869601/000119312522220018/0001193125-22-220018-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"8c8715e90f","claim":"Hang Zhou was appointed as Director at Embrace Change Acquisition Corp..","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1869601/000119312522220018/0001193125-22-220018-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}