Highest-materiality recent filing
Embrace Change shareholders approve 12-month SPAC extension to Aug 2027; ~95k shares redeemed
Shareholders approved extending Combination Period from Aug 12, 2026 to Aug 12, 2027; votes: 2,221,965 FOR, 0 against.
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.
Embrace Change SPAC extends deadline to Mar 12, 2024 via $100k CFO note
Issued $100,000 unsecured promissory note to CFO Zheng Yuan to extend business combination deadline by one month.
SPAC issues $100K promissory note to CFO for one-month trust extension
On Jan 17, 2024, Embrace Change Acquisition Corp. issued $100,000 unsecured note to CFO Zheng Yuan.
Embrace Change receives Nasdaq delisting notice for late Q3 2023 10-Q filing
Notice received Dec 22, 2023 for failure to timely file Form 10-Q due Sept 30, 2023.
Embrace Change Acquisition extends combination deadline to Jan 12, 2024 with $100K note from CFO
Issued $100,000 promissory note to CFO Zheng Yuan to extend trust account deadline one month to January 12, 2024.
Company and sponsor deposited $90,000 and $10,000 respectively into trust account on September 8, 2023.
Embrace Change Acquisition extends deadline to Dec 12, 2023 via $190K promissory note from CFO
CFO Zheng Yuan deposited $100,000 into trust account to extend business combination deadline by one month to December 12, 2023.
Embrace Change shareholders approve removal of China restriction; 824,682 shares redeemed
Target Amendment Proposal passed by special resolution with 6,155,188 votes for, 122,270 against; removes restriction on China-based business combination.
Embrace Change extends SPAC deadline to Nov 12; receives Nasdaq deficiency notice
CFO Zheng Yuan deposited $100k to extend business combination deadline one month to Nov 12, 2023.
Sponsor deposits $1M total into trust to extend business combination deadline by one month from Sep 12 to Oct 12, 2023.
Embrace Change Acquisition Corp. finalizes redemption of 1,440,891 shares post-meeting reversal
As of Aug 14, 2023, redemptions totaled 1,440,891 ordinary shares after accepting a reversal of 109,819 shares.
Shareholders approved up to 12 monthly extensions from Aug 12, 2023 to Aug 12, 2024.
Embrace Change Acquisition Corp. appoints new CEO and director after resignations
Gregory De Richemont resigned as independent director on Dec 1, 2022; Mo Zhou appointed as Class II director.
Holders may elect to separate units into ordinary shares, rights, and warrants effective Sept 30, 2022.
Embrace Change Acquisition Corp. consummates $73.9M IPO; $75.8M placed in trust
Sold 7,392,855 units at $10.00 each, gross proceeds of $73,928,550.
Embrace Change Acquisition Corp. closes $73.9M SPAC IPO with partial over-allotment
Closed IPO of 7,392,855 units at $10/unit; gross proceeds $73.9M; includes 892,855 units from partial over-allotment exercise.
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.
The Company’s Board of Directors appointed Mr. Jingyu Wang to serve as the Company’s Chief Executive Officer, a Class III director and Chairman of the Board of Directors, effective December 2, 2022.
On December 2, 2022, Yoann Delwarde, Chief Executive Officer and Chairman of the Board of Directors of the Company, resigned as Chairman and Chief Executive Officer of the Company.
The Company’s Board of Directors appointed Mr. Mo Zhou to serve as the Company’s Class II director, effective December 1, 2022.
On December 1, 2022, Gregory De Richemont, an independent director of Embrace Change Acquisition Corp., a Cayman Islands exempted company (the “Company”), resigned as an independent director of the Company.
Effective May 16, 2022, Jiangping (Gary) Xiao, Gregory de Richemont and Hang Zhou were appointed to the board of directors of the Company (the “ Board ”).
Effective May 16, 2022, Jiangping (Gary) Xiao, Gregory de Richemont and Hang Zhou were appointed to the board of directors of the Company (the “ Board ”).
Effective May 16, 2022, Jiangping (Gary) Xiao, Gregory de Richemont and Hang Zhou were appointed to the board of directors of the Company (the “ Board ”).
Max materiality 1.00 · Median 0.60 · Most common event other_material