Company: EMCRF
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001829126-25-003812
Chunk: 1

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 1
---
230

    Accumulated deficit

    (6,181,140
    )

    (5,824,153
    )
  
    Total Stockholders’ Deficit

    (6,180,910
    )

    (5,823,923
    )

    Total Liabilities and Stockholders’ Deficit
     
    $
    26,435,551

    $
    26,154,194

The
accompanying notes are an integral part of these unaudited interim consolidated financial statements.

1

EMBRACE CHANGE ACQUISITION CORP.

CONSOLIDATED
STATEMENTS OF OPERATIONS

(Unaudited)

    For the
three months ended
March 31,

    2025

    2024

    Formation and operating costs
     
    $
    (355,862
    )
     
    $
    (49,800
    )

    Loss from operations

    (355,862
    )

    (49,800
    )

    Other income (loss):

    Investment income earned on cash and
    investments held in Trust Account

    267,363

    735,578

    Loss on modification of deferred underwriting commission

    -

    (378,501
    )

    Interest expense

    (1,125
    )

    -

    Total other income

    266,238

    357,077

    Net
    income (loss)
     
     $
    (89,624
    )
     
    $
    307,277

    Weighted average shares outstanding, basic and diluted

    4,520,024

    7,423,175

    Basic and diluted
    net income (loss) per ordinary share
     
    $
    (0.02
    )
     
    $
    0.04

The
accompanying notes are an integral part of these unaudited interim consolidated financial statements.

2

EMBRACE CHANGE ACQUISITION CORP.

CONSOLIDATED  STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

FOR THE THREE MONTHS ENDED MARCH 31, 2025

(Unaudited)

    Additional

    Total

    Ordinary shares

    Paid in

    Accumulated

    Stockholders’

    Shares

    Amount

    Capital

    Deficit

    Deficit

    Balance – December 31, 2024

    2