{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-011279","form_type":"8-K","ticker":"EMCGF","cik":"0001869601","company_name":"Embrace Change Acquisition Corp.","filed_at":"2024-01-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.171635+00:00","generated_at":"2026-06-06T21:28:22.417116+00:00","sec_items":["2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"SPAC issues $100K promissory note to CFO for one-month trust extension","bullets":["On Jan 17, 2024, Embrace Change Acquisition Corp. issued $100,000 unsecured note to CFO Zheng Yuan.","Note funds extension of business combination deadline from Jan 12 to Feb 12, 2024.","Note bears no interest; principal due upon consummation of initial business combination.","Conversion option at $10.00/unit into private placement units identical to IPO units.","Up to 10,000 units issuable upon full conversion."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-011279","json":"https://secwatch.observer/filing/0001193125-24-011279.json","markdown":"https://secwatch.observer/filing/0001193125-24-011279.md","text":"https://secwatch.observer/filing/0001193125-24-011279.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1869601/000119312524011279/0001193125-24-011279-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1869601/000119312524011279/d725637d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T21:28:22.417116+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":"26dcdf839e2c99bca41918699dbc490758dbf16c","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 January 17, 2024, 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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1869601/000119312524011279/0001193125-24-011279-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"}