---
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"
generated_at: "2026-06-07T11:28:27.099098+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Embrace Change Acquisition extends combination deadline to Jan 12, 2024 with $100K note from CFO

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- 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/1869601/000119312523297612/0001193125-23-297612-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1869601/000119312523297612/d394966d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-297612
- JSON: https://secwatch.observer/filing/0001193125-23-297612.json
- Plain text: https://secwatch.observer/filing/0001193125-23-297612.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $100,000
  - Counterparty: Zheng Yuan
  - Rate: no interest
  - Maturity: upon the consummation of the Company’s initial business combination
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1869601/000119312523297612/0001193125-23-297612-index.htm

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