Embrace Change Acquisition Corp. Embrace Change Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. The company does not have significant operations and offers no core products or services beyond its SPAC structure, which includes ordinary shares, rights and warrants traded separately; it targets opportunities across various industries and sectors without limitation to a particular business, industry, sector or geographical region, excluding entities based in or primarily operating in the People's Republic of China (including Hong Kong and Macau). Incorporated in 2021 and headquartered in San Diego, California, the company is led by Chairman and Chief Executive Officer Jingyu Wang and Chief Financial Officer Zheng Yuan.
In recent developments, shareholders approved extensions of the business combination deadline at an Extraordinary General Meeting on August 11, 2025, providing additional time to identify and complete a merger or acquisition; the company faces potential delisting from Nasdaq following missed prior deadlines and continues in the search phase without a definitive target announced.