{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-297612","form_type":"8-K","ticker":"EMCGF","cik":"0001869601","company_name":"Embrace Change Acquisition Corp.","filed_at":"2023-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.212681+00:00","generated_at":"2026-06-07T11:28:27.099098+00:00","sec_items":["2.03","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Embrace Change Acquisition extends combination deadline to Jan 12, 2024 with $100K note from CFO","bullets":["Issued $100,000 promissory note to CFO Zheng Yuan to extend trust account deadline one month to January 12, 2024.","Note bears no interest, repayable upon business combination, convertible into units at $10.00 per unit.","Conversion would issue 10,000 private placement units (ordinary shares, warrants, rights) under Section 4(a)(2) exemption.","Extension fee note is an unregistered sale of equity securities; reliance on exemption from registration."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-297612","json":"https://secwatch.observer/filing/0001193125-23-297612.json","markdown":"https://secwatch.observer/filing/0001193125-23-297612.md","text":"https://secwatch.observer/filing/0001193125-23-297612.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1869601/000119312523297612/0001193125-23-297612-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1869601/000119312523297612/d394966d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T11:28:27.099098+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":"add47dd22a13abd358d8c146ab800972412d1a3d","claim":"Embrace Change Acquisition Corp. incurred loan of $100,000 with Zheng Yuan at no interest maturing upon the consummation of the Company’s initial business combination.","evidence_excerpt":"On December 15, 2023, Embrace Change Acquisition Corp. (the “Company”) issued an unsecured promissory note (the “Extension Fee Note”), in an amount of $100,000 to Zheng Yuan, the Company’s Chief Financial Officer, for the $100,000 Ms. Yuan deposited into the Company’s trust account to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from December 12, 2023 to January 12, 2024.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1869601/000119312523297612/0001193125-23-297612-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$100,000"},{"label":"Counterparty","value":"Zheng Yuan"},{"label":"Rate","value":"no interest"},{"label":"Maturity","value":"upon the consummation of the Company’s initial business combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}