Company: EMCRF
Filing Date: 2025-12-10
Form Type: 10-Q
Source: 0001493152-25-027065
Chunk: 66

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-12-10
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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 Per Share

 SCHEDULE OF BASIC AND DILUTED NET INCOME (LOSS) PER SHARE

    For the three months ended September 30, 2025  
    For the three months ended September 30, 2024  
    For the nine months ended September 30, 2025  
    For the nine months ended  September 30, 2024 

    Net income (loss) 
    $18,447  
    $227,631  
    $(169,811) 
    $1,212,138 
  
    Denominator: weighted average number of ordinary shares 
     3,379,946  
     6,129,379  
     4,135,822  
     6,988,761 
  
    Basic and diluted net income (loss) per ordinary share 
    $0.01  
    $0.04  
    $(0.04) 
    $0.17 

    13

Risks
and Uncertainties

As
a result of the military action commenced in February 2022 by the Russian Federation and Belarus in the country of Ukraine and related
economic sanctions, the Company’s ability to consummate a Business Combination, or the operations of a target business with which
the Company ultimately consummates a Business Combination, may be materially and adversely affected. In addition, the Company’s
ability to consummate a transaction may be dependent on the ability to raise equity and debt financing which may be impacted by these
events, including as a result of increased market volatility, or decreased market liquidity in third-party financing being unavailable
on terms acceptable to the Company or at all. The impact of this action and related sanctions on the world economy and the specific impact
on the Company’s financial position, results of operations and/or ability to consummate a Business Combination are not yet determinable.
The unaudited interim consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

NOTE
3. INITIAL PUBLIC OFFERING

On
August 12, 2022, the Company consummated its Initial Public Offering of 7,392,855 Units (including the issuance of 892,855 Units as a
result of the underwriter’s partial exercise of its over-allotment option), at $10.00 per Unit, generating gross proceeds of $73,928,550.

Each
Unit consists of one ordinary share, one warrant