{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-24-001873","form_type":"8-K","ticker":"EMCGF","cik":"0001869601","company_name":"Embrace Change Acquisition Corp.","filed_at":"2024-03-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.172252+00:00","generated_at":"2026-06-04T08:46:35.222738+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":"Embrace Change Acquisition Corp. issues $70K working capital note to CFO Zheng Yuan","bullets":["Issued $70,000 unsecured promissory note to CFO Zheng Yuan for bill payment (no interest, repayable upon initial business combination).","Note convertible at holder's election into private units at $10/unit; up to $500k in aggregate notes convertible.","If converted fully, 7,000 private placement units would be issued (exempt under Section 4(a)(2)).","Note ranks behind trust account; no recourse against trust proceeds if business combination fails."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-24-001873","json":"https://secwatch.observer/filing/0001829126-24-001873.json","markdown":"https://secwatch.observer/filing/0001829126-24-001873.md","text":"https://secwatch.observer/filing/0001829126-24-001873.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1869601/000182912624001873/0001829126-24-001873-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1869601/000182912624001873/embracechangeacq_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T08:46:35.222738+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}