Company: EMCRF
Filing Date: 2025-01-27
Form Type: 425
Source: 0001829126-25-000388
Chunk: 1

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-01-27
Form: 425
Chunk 1
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                                                         |     | EMCGR           |     | The Nasdaq Stock Market LLC               |

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material definitive Agreement.

The Merger Agreement

On January 26, 2025, Embrace Change Acquisition Corp., a Cayman Islands exempted company (“ EMCG” or “ Parent”), entered into a merger agreement (as it may be amended, supplemented, or otherwise modified from time to time, the “ Merger Agreement”), by and between EMCG, EMC Merger Sub 1, a Cayman Islands exempted company and wholly owned subsidiary of the Parent (“ Purchaser”), EMC Merger Sub 2, a Cayman Islands exempted company and wholly owned subsidiary of Purchaser (“ Merger Sub”), and Tianji Tire Global (Cayman) Limited, a Cayman Islands exempted company (“ Tianji” or the “ Company”), pursuant to which (a) EMCG will be merged with and into Purchaser (the “ Reincorporation Merger”), with Purchaser surviving the Reincorporation Merger, and (b) Merger Sub will be merged with and into the Company (the “ Acquisition Merger”), with the Company surviving the Acquisition Merger as a direct wholly owned subsidiary of Purchaser (collectively, the “ Business Combination”). Following the Business Combination, Purchaser will be a publicly traded company.

Capitalized terms used in this Current Report on Form 8-K but not otherwise defined herein have the meanings given to them in the Merger Agreement.

Consideration

At the effective time of the Acquisition Merger, each Tianji Class A ordinary share will be converted into the right to receive one Reincorporation Merger Surviving Corporation Class A ordinary share and each Tianji Class B ordinary share will be converted into the right to receive one Reincorporation Merger Surviving Corporation Class B ordinary share, as outlined in the Merger Agreement.

Purchaser will