Here are the 10-Q quarterly reports from Embrace Change Acquisition Corp Unit (EMCGU) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow EMCGU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EMCGU filings page.
Embrace Change Acquisition Corp. is a special purpose acquisition company that completed an IPO generating gross proceeds of $73,928,550 and placed approximately $75,776,764 (plus interest) into a Trust Account invested in short-term U.S. government obligations or eligible money market funds. The filing shows multiple shareholder redemptions over 2023–2025 leaving classifiable ordinary shares subject to redemption. As of June 30, 2025, the company had only $469 in cash outside the Trust Account and reported $851,112 outstanding under convertible promissory notes and $1,175,000 due to a third party. Management made two $75,000 extension deposits in May and June 2025, but a further required extension payment of $275,000 had not been deposited by the statements’ issue date. The registrant discloses that this shortfall and the extension-payment obligations raise substantial doubt about its ability to continue as a going concern within one year.