other material
confidence high
sentiment neutral
materiality 0.85
Embrace Change Acquisition Corp. consummates $73.9M IPO; $75.8M placed in trust
Embrace Change Acquisition Corp.
- Sold 7,392,855 units at $10.00 each, gross proceeds of $73,928,550.
- Partial over-allotment exercised; 892,855 additional units issued.
- Private placement of 373,750 units to sponsor yielded $3,737,500.
- Trust account funded with $75,776,764; deferred underwriter fee $2,587,499.
- Audited balance sheet filed; going concern note due to 12-month business combination deadline.