---
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"
generated_at: "2026-06-02T04:14:39.236433+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Embrace Change Acquisition Corp. issues $81,000 convertible promissory note to CFO

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-003247
- JSON: https://secwatch.observer/filing/0001829126-24-003247.json
- Plain text: https://secwatch.observer/filing/0001829126-24-003247.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $81,000
  - Counterparty: Zheng Yuan
  - Rate: bears no interest
  - Maturity: upon the consummation of the Company's initial business combination
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1869601/000182912624003247/0001829126-24-003247-index.htm

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