Embrace Change Acquisition Corp.
EMCG
NASDAQ Global Market11.00
USD
-0.50
- -
CIK
0001869601
ISIN
KYG3034H1092
CUSIP
G3034H109
Return %
Stock
S&P500
1Y
-8.10
26.53
3Y
4.96
76.60
5Y
10.22
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jingyu Wang
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 5186 Carroll Canyon Road San Diego CA United States of America 92121
- IPO Date
- Sep 30, 2022
- CIK
- 0001869601
- Website
- embracechange.top
- Similar Companies
- Business
- Embrace Change Acquisition Corp. (NASDAQ: EMCG) is a blank check company, or special purpose acquisition company (SPAC), whose sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities; it offers no products or services other than seeking and completing such a combination and currently generates no operating revenues. The company focuses on targets across any business, industry, sector, or geographic region except those based in or with principal operations in the People's Republic of China (including Hong Kong and Macau), or involving variable interest entity structures with China-based entities. Founded in 2021 and headquartered at 5186 Carroll Canyon Rd., San Diego, California, it raised $73.9 million in its August 2022 initial public offering of 7,392,855 units at $10 each, including ordinary shares, redeemable warrants exercisable at $11.50 per share, and rights to one-eighth of an ordinary share, which began separate trading under EMCG, EMCGW, and EMCGR; the company is led by Chairman and CEO Jingyu Wang and CFO Zheng Yuan. In January 2025, Embrace Change Acquisition announced a definitive merger agreement with Tianji Tire Global Limited valuing the deal at $450 million in newly issued securities at $10 per share, supported by approximately $26 million in trust proceeds assuming no redemptions for growth capital and working capital; Tianji shareholders were to hold majority ownership post-closing with board control, targeting completion in mid-2025 subject to approvals. In October 2025, it amended the merger terms under which Embrace Change merges into a subsidiary that then merges with Tianji, extending the deadline to August 12, 2026, waiving net tangible asset conditions, and requiring Tianji to fund extensions and expenses. In August 2025, following failure to complete the initial combination by August 9 and shareholder approval of extensions at an extraordinary general meeting, Nasdaq delisted its securities effective August 21 with trading shifting to the Pink Open Market under EMCG, EMCGW, EMCGR, and EMCGU; the company delayed its Q2 2025 10-Q filing due to financial finalization issues but intends to pursue relisting post-combination.
Embrace Change Acquisition Corp. Receives Additional Staff Determination Notice from Nasdaq Related to Delayed Quarterly Report
Embrace Change Acquisition Corp. Receives Delisting Notice from Nasdaq and Plans to Request Hearing
Embrace Change Acquisition Corp. Receives Nasdaq Notice Regarding Late Form 10-Q Filing