Company: EMCRF
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001829126-25-003812
Chunk: 2

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
,295,893

    $
    230

    $
    -

    $
    (5,824,153
    )
     
    $
    (5,823,923
    )
  
    Re-measurement of ordinary shares subject to redemption

    -

    -

    -

    (267,363
    )

    (267,363
    )
  
    Net loss

    -

    -

    -

    (89,624
    )

    (89,624
    )

    Balance – March 31, 2025 
     2,295,893  
    $230  
    $-  
    $(6,181,140) 
    $(6,180,910)

FOR THE THREE MONTHS ENDED MARCH 31, 2024

(Unaudited)

    Additional

    Total

    Ordinary shares

    Paid in

    Accumulated

    Stockholders’

    Shares

    Amount

    Capital

    Deficit

    Deficit

    Balance – December 31, 2023

    2,295,893

    $
    230

    $
    -

    $
    (4,114,326
    )
     
    $
    (4,114,096
    )
  
    Amount deposited into trust account subject to redemption

    -

    -

    -

    (300,000
    )

    (300,000
    )

    Re-measurement of ordinary shares subject to redemption 
     -  
     -  
     -  
     (735,578) 
     (735,578)
  
    Net income 
     -  
     -  
     -  
     307,277  
     307,277 
  
    Balance – March 31, 2024 
     2,295,893  
    $230  
    $-  
    $(4,842,627) 
    $(4,842,397)

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

3

EMBRACE CHANGE ACQUISITION CORP.

 CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

    For the
    three months ended
    March 31,

        2025

        2024

    Cash flow from operating activities:

    Net income (loss)
     
    $
    (89,624