Company: EMCRF
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024827
Chunk: 3

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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    $(4,920,324)
  
    Balance 
     2,295,893  
    $230  
    $-  
    $(4,920,554) 
    $(4,920,324)

The
accompanying notes are an integral part of these unaudited interim consolidated financial statements.

3

EMBRACE
CHANGE ACQUISITION CORP.

CONSOLIDATED
STATEMENTS OF CASH FLOWS

(Unaudited)

    2025  
    2024 

    For
the six months ended
                                                                                June 30, 

    2025  
    2024 
  
    Cash flow from operating activities: 

    Net income (loss) 
    $(188,258) 
    $984,507 
  
    Adjustments to reconcile net income (loss) to net cash used in operating activities: 

    Investment income earned on cash and investments held in Trust Account 
     (544,509) 
     (1,490,735)
  
    Loss on modification of deferred underwriting commission 
     -  
     378,501 
  
    Interest expense 
     2,263  
     - 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (42,500) 
     (102,300)
  
    Accounts payable and accrued expenses 
     456,488  
     (11,274)
  
    Net cash used in operating activities 
     (316,516) 
     (241,301)

    Cash flows from investing activities: 

    Investment of cash in Trust Account 
     (150,000) 
     (300,000)
  
    Net cash used in investing activities 
     (150,000) 
     (300,000)

    Cash flow from financing activities: 

    Proceeds from convertible promissory note - related party 
     -  
     451,000 
  
    Proceeds from related party for working capital purpose 
     -  
     89,525 
  
    Proceeds from third party for working capital purpose 
     400,000  
     - 
  
    Net cash provided by financing activities 
     400,000  
     540,525 

    Net change in cash 
     (66,516) 
     (776)