---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-277101"
form_type: "8-K"
ticker: "EMCGF"
cik: "0001869601"
company_name: "Embrace Change Acquisition Corp."
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T04:05:02.381850+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Embrace Change Acquisition extends deadline to Dec 12, 2023 via $190K promissory note from CFO

## Summary
- CFO Zheng Yuan deposited $100,000 into trust account to extend business combination deadline by one month to December 12, 2023.
- Ms. Yuan also paid $90,111.54 in company bills; total $190,111.54 covered by unsecured promissory note issued Nov 13, 2023.
- Note bears no interest, repayable upon consummation of business combination, and convertible into private placement units at $10/unit.
- If converted, up to 19,011 private placement units (each containing one ordinary share, warrant, and right) would be issued.

## SEC filing metadata
- accession: 0001193125-23-277101
- form_type: 8-K
- ticker: EMCGF
- cik: 0001869601
- company_name: Embrace Change Acquisition Corp.
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1869601/000119312523277101/0001193125-23-277101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1869601/000119312523277101/d367181d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-277101
- JSON: https://secwatch.observer/filing/0001193125-23-277101.json
- Plain text: https://secwatch.observer/filing/0001193125-23-277101.txt

## Key facts
- Debt Financings
  Embrace Change Acquisition Corp. incurred loan of $190,111.54 with Zheng Yuan at bears no interest maturing upon the consummation of the Company's initial business combination.
  - Instrument: loan
  - Principal: $190,111.54
  - Counterparty: Zheng Yuan
  - Rate: bears no interest
  - Maturity: upon the consummation of the Company's initial business combination
  - Event: incurrence
  source text: On November 13, 2023, the Company issued an unsecured promissory note (the “Note”), effective as of November 10, 2023, in an amount of $190,111.54 to Ms. Yuan. The Note bears no interest and is repayable in full upon the consummation of the Company’s initial business combination.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1869601/000119312523277101/0001193125-23-277101-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.