Company: EMCRF
Filing Date: 2025-12-10
Form Type: 10-Q
Source: 0001493152-25-027065
Chunk: 62

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-12-10
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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 for identical or similar instruments in markets that are not active;
    and

    ●
    Level
    3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions,
    such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

In
some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In
those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input
that is significant to the fair value measurement.

 SCHEDULE
OF FAIR VALUE ON RECURRING BASIS

The
following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of September
30, 2025 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 
    $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