Embrace Change Acquisition Corp.
EMCGW
NASDAQ Global Market0.02
USD
- -
- -
CIK
0001869601
ISIN
KYG3034H1258
CUSIP
G3034H109
Return %
Stock
S&P500
1Y
-4.02
18.21
3Y
113.39
63.29
5Y
-76.10
74.90
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. Embrace Change Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), whose principal business activity is to pursue a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on prospective targets in the technology, internet, and consumer sectors, while explicitly avoiding business combinations with entities based in or primarily operating in the People's Republic of China (including Hong Kong and Macau), or involving variable interest entity (VIE) arrangements with China-based entities. The company offers no current products or operational services, as it maintains no significant operations beyond identifying and executing an initial business combination. Geographically, it operates primarily in the United States without restrictions to specific regions beyond its China policy, serving public shareholders through units comprising ordinary shares, rights, and warrants that commenced separate trading in September 2022. Founded in 2021 and headquartered at 5186 Carroll Canyon Rd, San Diego, California, the company is led by Chairman and Chief Executive Officer Jingyu Wang and Chief Financial Officer Zheng Yuan. In January 2025, Embrace Change Acquisition Corp. entered into a definitive merger agreement with Tianji Tire Global, a China-based designer and distributor of automotive tires under premium brands noted for quality, technical performance, and distinctive features, with the transaction valuing the merger consideration at $450 million payable in newly issued securities of the combined company at $10.00 per share and expected to provide approximately $26 million in cash proceeds from trust (assuming no redemptions) for growth capital and working capital. The proposed merger, unanimously approved by the boards of both entities and their respective merger subsidiaries, anticipates Tianji shareholders retaining a majority of the combined company's outstanding shares post-closing, with Tianji designating a majority of the board; completion remains targeted for mid-2025 subject to shareholder approvals, SEC effectiveness of a Form F-4 registration statement, regulatory clearances, and other customary conditions. In August 2025, shareholders approved extensions or amendments at an extraordinary general meeting, amid prior notices of potential Nasdaq delisting risks for missing business combination deadlines, alongside routine updates such as director resignations and quarterly earnings reports through the first quarter of 2025. The company maintains SEC filings accessible via its website at embracechange.top, reflecting ongoing efforts to execute its SPAC mandate.