EMCGF
Embrace Change Acquisition Corp.11.85
+0.05+0.42%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
28.70MP/E (TTM)
592.50Basic EPS (TTM)
0.02Dividend Yield
0%Recent Filings
8-K
CEO resigns; CFO promoted
10-Q
Q3 FY2025 results
Embrace Change swung to a Q3 profit of $18K on $287K trust income, yet YTD net loss hit $170K as formation costs doubled y/y to $998K—operating losses narrowed from prior quarter's $99K. Trust holds $27.5M after heavy redemptions left 126K shares at $9.47; cash dipped to $5K amid $901K related-party notes and $1.7M due Tianji. Merger deal with Tianji, signed Jan 2025 and extended to Aug 2026, eyes $450M in shares. Liquidity strains from extension funding. Delisting looms.
8-K
Merger amendment extends deadline
Embrace Change Acquisition Corp. amended its January merger agreement with Tianji Tire Global on October 16, 2025, tweaking merger sub definitions, dropping the $5M net tangible assets closing condition, and extending the outside date to August 12, 2026. Tianji must now cover extension payments and transaction expenses. Deal hangs on approvals. Risks loom large.
10-Q
Q2 FY2025 results
Embrace Change Acquisition Corp. posted a Q2 net loss of $98,634, with operating costs up to $374,642 from $77,927 y/y while trust income fell to $277,146 from $755,157; six-month loss hit $188,258 versus $984,507 profit y/y (derived). Trust holds steady at $26.8M for 2.2M redeemable shares at $12.04 apiece, cash dwindles to $469 amid $3.8M liabilities including $851K convertible notes to related parties. Signed merger with Tianji Jan 2025 for $450M in stock consideration via reincorporation and acquisition mergers. Extended runway to Aug 2026 despite recent redemptions. Trust intact. Yet Nasdaq delisting looms post-36-month deadline.
8-K
Nasdaq delisting hits SPAC
Embrace Change Acquisition Corp. missed its August 9, 2025 deadline for an initial business combination, triggering Nasdaq delisting. Trading in ordinary shares, warrants, rights, and units suspends August 21, 2025, shifting to the OTC Pink Market. No broker market guaranteed. SPAC hunts deals anyway.
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