{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-24-003247","form_type":"8-K","ticker":"EMCGF","cik":"0001869601","company_name":"Embrace Change Acquisition Corp.","filed_at":"2024-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.029472+00:00","generated_at":"2026-06-02T04:14:39.236433+00:00","sec_items":["2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Embrace Change Acquisition Corp. issues $81,000 convertible promissory note to CFO","bullets":["$81,000 unsecured promissory note issued to CFO Zheng Yuan to pay a bill; no interest, due upon business combination.","Convertible at $10/unit into units identical to private placement units; up to $500k total notes convertible.","Issuance relies on Section 4(a)(2) exemption as unregistered sale; 8,100 units would be issued if fully converted."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-24-003247","json":"https://secwatch.observer/filing/0001829126-24-003247.json","markdown":"https://secwatch.observer/filing/0001829126-24-003247.md","text":"https://secwatch.observer/filing/0001829126-24-003247.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1869601/000182912624003247/0001829126-24-003247-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1869601/000182912624003247/embracechange_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T04:14:39.236433+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":"839392d211af961c66426a870e66d0e5c1265e12","claim":"Embrace Change Acquisition Corp. incurred loan of $81,000 with Zheng Yuan at bears no interest maturing upon the consummation of the Company's initial business combination.","evidence_excerpt":"On May 7, 2024, Embrace Change Acquisition Corp. (the “Company”) issued an unsecured promissory note (the “Working Capital Note”), in an amount of $81,000 to Zheng Yuan, the Company’s Chief Financial Officer, for the $81,000 Ms. Yuan paid for the Company to pay off a bill.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1869601/000182912624003247/0001829126-24-003247-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$81,000"},{"label":"Counterparty","value":"Zheng Yuan"},{"label":"Rate","value":"bears 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"}