Mou Zhou
On March 27, 2025, Mou Zhou, an independent director of Embrace Change Acquisition Corp., a Cayman Islands exempted company (the “Company”), resigned as an independent director of the Company.
Highest-materiality recent filing
CEO Wang resigns; CFO Zheng Yuan appointed as CEO of Embrace Change Acquisition Corp.
Jingyu Wang resigned as CEO on Dec 25, 2025; Board approved resignation on Dec 26, 2025.
Embrace Change Acquisition amends merger with Tianji Tire, extends deadline to Aug 2026
Outside date extended from August 12, 2025 to August 12, 2026; condition requiring $5M net tangible assets removed.
On August 14, 2025, Embrace Change received Nasdaq delisting notice for failure to complete business combination by Aug 9, 2025.
Embrace Change Acquisition extends deadline to Aug 2026; 46% of shares redeemed
Shareholders approved 12-month extension of business combination deadline to August 12, 2026.
Independent Director Mou Zhou Resigns from Embrace Change Acquisition Corp.
Mou Zhou resigned as an independent director on March 27, 2025.
EMCG SPAC enters $450M merger agreement with Tianji Tire Global
EMCG to issue 45M shares at $10 each ($450M total) to Tianji shareholders.
Embrace Change receives Nasdaq delisting notice for delinquent 10-Q; aims to file by Sept 30
Received additional delisting determination from Nasdaq on Sept 5, 2024 for failure to timely file Form 10-Q for Q2 2024.
Embrace Change Acquisition Corp. shareholders approve extension to Aug 2025; 2.9M shares redeemed
Shareholders approved extending business combination deadline from Aug 12, 2024 to Aug 12, 2025 via 12 one-month extensions.
SPAC Embrace Change Acquisition extends deadline to Aug 12, borrows $300k via promissory note
Extended business combination deadline from May 12 to Aug 12, 2024; deposited $400k trust ($200k each on Aug 5 and 6).
Nasdaq Staff Determination on June 24, 2024 cites failure to meet minimum 400 total shareholders and late filing of 10-K and 10-Q.
Embrace Change Acquisition Corp. receives Nasdaq delisting notice for late Q1 2024 filing
Nasdaq Letter due to failure to file Q1 2024 10-Q by due date; non-compliance with Listing Rule 5250(c)(1).
Embrace Change Acquisition Corp. issues $81,000 convertible promissory note to CFO
$81,000 unsecured promissory note issued to CFO Zheng Yuan to pay a bill; no interest, due upon business combination.
Embrace Change gets Nasdaq delisting notice for unpaid fees, resolves with payment
Received delisting determination letter from Nasdaq on April 23, 2024 for non-payment under Listing Rule 5250(f).
Embrace Change Acquisition Corp. issues $70K working capital note to CFO Zheng Yuan
Issued $70,000 unsecured promissory note to CFO Zheng Yuan for bill payment (no interest, repayable upon initial business combination).
Embrace Change Acquisition restructures deferred underwriting fee and extends deadline via CFO loan
Deferred underwriting commission of $2.59M replaced with $750K cash plus 200K shares at business combination close.
On March 27, 2025, Mou Zhou, an independent director of Embrace Change Acquisition Corp., a Cayman Islands exempted company (the “Company”), resigned as an independent director of the Company.
Max materiality 1.00 · Median 0.60 · Most common event other_material