---
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"
generated_at: "2026-06-04T08:46:35.222738+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Embrace Change Acquisition Corp. issues $70K working capital note to CFO Zheng Yuan

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-001873
- JSON: https://secwatch.observer/filing/0001829126-24-001873.json
- Plain text: https://secwatch.observer/filing/0001829126-24-001873.txt

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