8-K
filed October 26, 2023, 7:59 PM ET
ticker EMCGF
CIK 0001869601
other material
confidence high
sentiment neutral
materiality 0.60
Embrace Change shareholders approve removal of China restriction; 824,682 shares redeemed
Embrace Change Acquisition Corp.
- Target Amendment Proposal passed by special resolution with 6,155,188 votes for, 122,270 against; removes restriction on China-based business combination.
- Hang Zhou elected director until 2026 annual meeting; 6,155,188 votes for, 122,270 against.
- MaloneBailey, LLP ratified as independent auditor for FY 2023 with same vote tally.
- 824,682 ordinary shares redeemed post-vote, leaving 7,423,175 shares outstanding (10.1% redemption).
- Turnout at Annual General Meeting: 76.11% of 8,138,038 shares entitled to vote.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Embrace Change Acquisition Corp.: Removed restriction on initial business combination with entities based in China (including Hong Kong and Macau) (effective 2023-10-20).
- Change
- charter amendment
- Effective
- 2023-10-20
Exact text from the filing
to remove the restriction of the Company to undertake an initial business combination with any entity or business based in, or with its principal or a majority of its business operations (either directly or through any subsidiaries) in, the People’s Republic of China (including Hong Kong and Macau)
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Embrace Change Acquisition Corp. shareholders approved Director Proposal at the 2023-09-27 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-09-27
Exact text from the filing
Director Proposal received the following votes: NOMINEE FOR AGAINST BROKER NON-VOTES Hang Zhou 6,155,188 122,270 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Embrace Change Acquisition Corp. shareholders approved Auditor Proposal at the 2023-09-27 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-09-27
Exact text from the filing
Auditor Proposal received the following votes: FOR AGAINST ABSTAIN BROKER NON-VOTES 6,155,188 122,270 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Embrace Change Acquisition Corp. shareholders approved Target Amendment Proposal at the 2023-09-27 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-09-27
Exact text from the filing
Target Amendment Proposal received the following votes: FOR AGAINST ABSTAIN BROKER NON-VOTES 6,155,188 122,270 0 0
View on SEC.gov
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