secwatch.observer — SEC 8-K summary
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Issuer:     Embrace Change Acquisition Corp. (EMCGF)
CIK:        0001869601
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001193125-24-011279
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAC issues $100K promissory note to CFO for one-month trust extension
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1869601/000119312524011279/0001193125-24-011279-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1869601/000119312524011279/d725637d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-011279

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer