Company: EMCRF
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024827
Chunk: 0

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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EMBRACE
CHANGE ACQUISITION CORP.

CONSOLIDATED
BALANCE SHEETS

(Unaudited)

    June 30,  
    December 31, 

    2025  
    2024 
  
    ASSETS 

    Cash 
    $469  
    $66,985 
  
    Prepaid expenses 
     42,500  
     - 
  
    Total Current Assets 
     42,969  
     66,985 
  
    Cash and investments held in trust account 
     26,781,718  
     26,087,209 
  
    Total Assets 
    $26,824,687  
    $26,154,194 

    LIABILITIES AND STOCKHOLDERS’ DEFICIT 

    Current Liabilities 

    Accounts payable and accrued expenses 
    $1,556,560  
    $1,100,072 
  
    Due to related party 
     144,060  
     144,060 
  
    Due to third party 
     1,175,000  
     775,000 

    Convertible promissory note – related party 
     851,112  
     851,112 
  
    Promissory note – third party 
     56,927  
     54,664 
  
    Total Current Liabilities 
     3,783,659  
     2,924,908 
  
    Deferred underwriter fee payable 
     2,966,000  
     2,966,000 
  
    Total Liabilities 
     6,749,659  
     5,890,908 

    Commitments and Contingencies (Note 8) 
     -  
     - 
  
    Ordinary shares subject to possible redemption, 2,224,131 shares issued and outstanding at redemption value of $12.04 and $11.73 per share as of June 30, 2025 and December 31, 2024, respectively 
     26,781,718  
     26,087,209 

    Stockholders’ Deficit 

    Ordinary Shares, par value $0.0001; 500,000,000 shares authorized; 2,295,893 (excluding 2,224,131 shares subject to redemption, respectively) issued and outstanding as