Company: EMCRF
Filing Date: 2025-12-10
Form Type: 10-Q
Source: 0001493152-25-027065
Chunk: 0

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-12-10
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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EMBRACE
CHANGE ACQUISITION CORP.

CONSOLIDATED
BALANCE SHEETS

(Unaudited)

    September 30,  
    December 31, 

    2025  
    2024 
  
    ASSETS 

    Cash 
    $5,431  
    $66,985 
  
    Prepaid expenses 
     21,250  
     - 
  
    Total Current Assets 
     26,681  
     66,985 
  
    Cash and investments held in trust account 
     27,469,158  
     26,087,209 
  
    Total Assets 
    $27,495,839  
    $26,154,194 

    LIABILITIES AND STOCKHOLDERS’ DEFICIT 

    Current Liabilities 

    Accounts payable and accrued expenses 
    $1,708,115  
    $1,100,072 
  
    Due to related party 
     144,060  
     144,060 
  
    Due to third party 
     1,675,000  
     775,000 
  
    Convertible promissory note – related party 
     851,112  
     851,112 
  
    Promissory note – third party 
     58,077  
     54,664 
  
    Amount due to redeemed public shareholders 
     26,272,128  
     - 
  
    Total Current Liabilities 
     30,708,492  
     2,924,908 
  
    Deferred underwriter fee payable 
     2,966,000  
     2,966,000 
  
    Total Liabilities 
     33,674,492  
     5,890,908 

    Commitments and Contingencies (Note 8) 
     -  
     - 
  
    Ordinary shares subject to possible redemption, 126,388
    shares (excluding 2,097,743
    shares that have been redeemed but remained unpaid as of September 30, 2025) and 2,224,131 shares issued and outstanding at redemption
    value of $9.47 (1)
    and $11.73 per share as
    of September 30, 2025 and December 31, 2024, respectively 
     1,