---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-040027"
form_type: "8-K"
ticker: "EMCGF"
cik: "0001869601"
company_name: "Embrace Change Acquisition Corp."
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:25:16.762349+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Embrace Change SPAC extends deadline to Mar 12, 2024 via $100k CFO note

## Summary
- Issued $100,000 unsecured promissory note to CFO Zheng Yuan to extend business combination deadline by one month.
- Note bears no interest, repayable upon closing of initial business combination, convertible into units at $10/unit.
- Conversion would result in issuance of up to 10,000 private placement units identical to IPO units.
- Company now has until March 12, 2024, to complete its initial business combination.
- If no business combination, note repayable only from funds outside the trust account.

## SEC filing metadata
- accession: 0001193125-24-040027
- form_type: 8-K
- ticker: EMCGF
- cik: 0001869601
- company_name: Embrace Change Acquisition Corp.
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1869601/000119312524040027/0001193125-24-040027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1869601/000119312524040027/d782213d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-040027
- JSON: https://secwatch.observer/filing/0001193125-24-040027.json
- Plain text: https://secwatch.observer/filing/0001193125-24-040027.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 February 16, 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, 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 February 12, 2024 to March 12, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1869601/000119312524040027/0001193125-24-040027-index.htm

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