Embrace Change Acquisition Corp.

Overview

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• TickerEMCGF¹
• IndustryBlank Checks¹
• HeadquartersSan Diego, California¹
• Incorporated inCayman Islands²
• Business address5186 Carroll Canyon Rd, San Diego, Ca 92121²
• Filer category, Emerging growth company²

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We are a blank check company incorporated as a Cayman Islands exempted company on March 3, 2021. Exempted companies are Cayman Islands companies wishing to conduct business outside the Cayman Islands and, as such, are exempted from complying with certain provisions of the Companies Act. As an exempted company, we have applied for and received a tax exemption undertaking from the Cayman Islands government that, in accordance with section 6 of the Tax Concessions Act (2018 Revision) of the Cayman Islands, for a period of 20 years from the date of the undertaking, no law which is enacted in the Cayman Islands imposing any tax to be levied on profits, income, gains or appreciations shall apply to us or our operations and, in addition, that no tax to be levied on profits, income, gains or appreciations or which is in the nature of estate duty or inheritance tax shall be payable (i) on or in r…³ From its latest annual report

Corporate structure

Embrace Change Acquisition Corp. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Embrace Change Acquisition Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

We currently maintain our executive offices at 5186 Carroll Canyon Rd, San Diego, CA 92121. Such space is provided to us free of charge by our sponsor. We consider our current office space adequate for our current operations.

Item 2 of the 10-K filed Mar 11, 2025.³

Leadership

Who has led Embrace Change Acquisition Corp., and when. Pick a name to see everywhere that person has worked.

• Chief executive officerYoann Delwarde Aug 9, 2022 to Aug 9, 2022⁹
• Chief financial officerZheng Yuan Aug 9, 2022 to Aug 9, 2022¹⁰

Timeline

1. Sep 14, 20268-K Entered a material agreement¹⁵
2. Aug 12, 20268-K Entered a material agreement; Bylaws or fiscal year changed; Shareholder vote¹⁶
3. Dec 30, 20258-K Executive or director change¹⁷
4. Oct 22, 20258-K Entered a material agreement¹⁸
5. Aug 18, 20258-K Listing notice or transfer¹⁹
6. Aug 11, 20258-K Entered a material agreement; Bylaws or fiscal year changed; Shareholder vote²⁰
7. Apr 2, 20258-K Executive or director change²¹
8. Jan 27, 20258-K Entered a material agreement; Regulation FD disclosure²²
9. Sep 9, 20248-K Listing notice or transfer; Regulation FD disclosure²³
10. Aug 15, 20248-K Entered a material agreement; Bylaws or fiscal year changed; Shareholder vote²⁴
11. Aug 6, 20248-K New debt or obligation; Other events²⁵
12. Jul 1, 20248-K Listing notice or transfer²⁶
13. Aug 9, 2022New chief executive Yoann Delwarde becomes CEO⁹

Filings

152 filings to the SEC since October 2021: 3 annual reports, 12 quarterly reports, 32 major events, 9 insider forms, 25 large holders, 71 other. The latest 20:

1. Sep 14, 20268-K EDGAR
2. Aug 12, 2026NT 10-Q EDGAR
3. Aug 12, 20268-K EDGAR
4. Jul 21, 2026DEF 14A EDGAR
5. Jul 8, 2026PRE 14A EDGAR
6. May 27, 2026NT 10-Q EDGAR
7. Mar 31, 2026NT 10-K EDGAR
8. Feb 17, 2026SCHEDULE 13G/A EDGAR
9. Feb 12, 2026SCHEDULE 13G/A EDGAR
10. Dec 30, 20258-K EDGAR
11. Dec 10, 202510-Q EDGAR
12. Nov 17, 2025NT 10-Q EDGAR
13. Nov 14, 2025SCHEDULE 13G/A EDGAR
14. Nov 13, 2025SCHEDULE 13G/A EDGAR
15. Nov 13, 2025SCHEDULE 13G EDGAR
16. Nov 13, 2025SCHEDULE 13G EDGAR
17. Oct 22, 2025425 EDGAR
18. Oct 22, 20258-K EDGAR
19. Sep 18, 202525-NSE EDGAR
20. Sep 5, 2025SCHEDULE 13G/A EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• Polar Asset Management Partners Inc.SCHEDULE 13G/A, 2 filings Feb 14, 2025 to Feb 17, 2026²⁷
• Bank of MontrealSCHEDULE 13G/A, 3 filings Nov 13, 2025 to Feb 12, 2026²⁸
• TD SECURITIES (USA) LLCSCHEDULE 13G/A, 3 filings Feb 13, 2025 to Nov 14, 2025²⁹
• Mizuho Financial GroupSCHEDULE 13G/A, 7 filings Feb 14, 2023 to Nov 13, 2025³⁰
• WOLVERINE ASSET MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Feb 8, 2024 to Sep 5, 2025³¹
• GLAZER CAPITAL, LLCSCHEDULE 13G/A, 2 filings Nov 14, 2024 to May 15, 2025³²
• Space Summit Capital LLCSC 13G/A, 3 filings Aug 12, 2022 to Feb 5, 2024³³
• Wuren Fubao Inc.SC 13G, 1 filing Feb 10, 2023³⁴
• Lawrence FeisSC 13G/A, 2 filings Sep 19, 2022 to Feb 2, 2023³⁵

SEC filer profile

How Embrace Change Acquisition Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGAREmbrace Change Acquisition Corp.¹
• CIK0001869601
• Employer ID (EIN)00-0000000³
• Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company³
• Incorporated inCayman Islands³
• Fiscal year endsDecember 31¹
• Industry code (SIC)6770 Blank Checks¹
• SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance¹
• Business address5186 Carroll Canyon Rd, San Diego, CA 92121¹
• Phone(858) 688-4965¹
• Shares outstanding2,422,281 as of Dec 10, 2025⁷
• Public float$57.7M as of Jun 30, 2024³
• AuditorMaloneBailey, LLP, Houston, Texas PCAOB ID 206; no auditor attestation of internal control over financial reporting³
• On EDGAR sinceJun 29, 2021¹
• Filings158 in all: 8-K (31), CORRESP (17), S-1/A (13), 10-Q (12), SCHEDULE 13G/A (10), UPLOAD (10), NT 10-Q (9), 3 (8)¹
  All 28 form types

  SC 13G (8), DEF 14A (5), PRE 14A (5), SCHEDULE 13G (4), 10-K (3), SC 13G/A (3), 425 (2), CERT (2), DEFR14A (2), EFFECT (2), NT 10-K (2), S-1 (2), 25-NSE (1), 4/A (1), 424B4 (1), 8-A12B (1), 8-A12B/A (1), 8-K/A (1), DEFA14A (1), DRS (1)

• Latest filingsAnnual report (10-K) Mar 11, 2025
  Quarterly report (10-Q) Dec 10, 2025
  Proxy statement (DEF 14A) Jul 21, 2026
  Latest 8-K (8-K) Sep 14, 2026

Securities registered for trading

From the cover page of the 10-K filed Mar 11, 2025 (Section 12(b) of the Exchange Act).³

Risk factors and legal proceedings

Legal proceedings

We may be subject to legal proceedings, investigations and claims incidental to the conduct of our business from time to time. We are not currently a party to any material litigation or other legal proceedings brought against us. We are also not aware of any legal proceeding, investigation or claim, or other legal exposure that has a more than remote possibility of having a material adverse effect on our business, financial condition or results of operations.

The opening of Item 3, Legal Proceedings.³