Company: EMCRF
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001829126-25-003812
Chunk: 16

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement.

The following table presents information about
the Company’s assets that are measured at fair value on a recurring basis as of March 31, 2025 and indicates the
fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value:

    Summary of Fair Value, Assets Measured on Recurring Basis

        Description
     
    Quoted Prices in Active Markets (Level 1)

        Significant other Observable Inputs
        (Level 2)

        Significant other Unobservable Inputs
        (Level 3)

    Assets

    Cash and Investments held in Trust Account
     
    $
    26,354,572

    $
    -

    $
    -

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of December 31, 2024 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value:

        Description
     
    Quoted Prices in Active Markets (Level 1)

        Significant other Observable Inputs
        (Level 2)

        Significant other Unobservable Inputs
        (Level 3)

    Assets

    Cash and investments held in Trust Account
     
    $
    26,087,209

    $
    -

    $
    -

    11

Offering Costs Associated with the Initial Public Offering

Offering costs consisted of legal, underwriting fees
and other costs incurred through the Initial Public Offering that were directly related to the Initial Public Offering. With the partial
exercise of the over-allotment, offering cost amounted to $3,898,030
consisting of $739,286
of up-front underwriting fees and a deferred discount of $2,587,499
and $571,245
of other costs, were charged to additional paid-in capital upon completion of the Public Offering.

Ordinary Shares Subject to Possible Redemption

As discussed in Note 3, all of the 7,392,855
ordinary shares sold as part of the Units in the Initial Public Offering contain a redemption feature which allows for the
redemption of such Public Shares in connection with the Company’s liquidation, if there is a stockholder vote or tender offer
in connection with the Business