Company: EMCRF
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024827
Chunk: 20

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding for the
period. The calculation of diluted income (loss) per share does not consider the effect of the warrants issued in connection with the
Initial Public Offering (the “Public Warrants”) and warrants issued as components of the Private Placement Units (the “Private
Warrants”) since the exercise of the warrants are contingent upon the occurrence of future events. As a result, diluted income
(loss) per share is the same as basic income (loss) per share for the periods.

The
following table reflects the calculation of basic and diluted net income (loss) per ordinary share:

Schedule
of Basic and Diluted Net Income (Loss) Per Share

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

    For
                                            the

three
months ended

June
30,

2025

    For
                                            the

three
months ended

June
30,

2024

    For
                                            the
                                                                                                                              six
months ended

June
30,

2025

    For
                                            the
                                                                                                                              six
months ended 

June
30,

2024

    Net income (loss) 
    $(98,634) 
    $677,230  
    $(188,258) 
    $984,507 
  
    Denominator: weighted average number of ordinary shares 
     4,520,024  
     7,423,175  
     4,520,024  
     7,423,175 
  
    Basic and diluted net income (loss) per ordinary share 
    $(0.02) 
    $0.09  
    $(0.04) 
    $0.13 

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