Company: EMCRF
Filing Date: 2025-12-10
Form Type: 10-Q
Source: 0001493152-25-027065
Chunk: 19

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-12-10
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 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 
    $27,469,158  
    $      -  
    $       - 

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  
    $          -  
    $        - 

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.

    11

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 Combination and in connection with certain amendments to the Company’s amended
and restated certificate of incorporation. In accordance with ASC 480, conditionally redeemable ordinary shares (including ordinary shares
that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain
events not solely within the Company’s control) are classified as temporary equity. Ordinary liquidation events, which involve
the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of