Company: EMCRF
Filing Date: 2025-12-10
Form Type: 10-Q
Source: 0001493152-25-027065
Chunk: 79

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-12-10
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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 Company is obligated to deposit the $75,000 to the Trust Account.

Nasdaq
Notices

On
April 23, 2024, the Company received a delisting determination letter from the Listing Qualifications of Nasdaq advising the Company
that the Company has not paid its assessed fees required by Listing Rule 5250(f). The Company subsequently paid the outstanding fee.

On
May 30, 2024, the Company received a delinquency notification letter from Nasdaq due to the Company’s non-compliance with Nasdaq
Listing Rule 5250(c)(1) as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter
ended June 30, 2024.

On
June 24, 2024, the Company received a notice from Nasdaq indicating that, unless the Company timely requests a hearing before a Nasdaq
Hearings Panel (the “Panel”) by 4:00 p.m. Eastern Time on July 1, 2024, the Company’s securities (units, ordinary shares,
warrants, and rights) would be subject to suspension and delisting from The Nasdaq Global Market at the opening of business on July 3,
2024, due to the Company’s non-compliance with the Minimum Holders Rule and the Reporting Rule. The Company timely requested a
hearing before the Panel to appeal the Staff Determination and submitted a request for extension of stay. The suspension referenced in
the Staff Determination has been stayed for a period of 15 calendar days until July 16, 2024 and the hearing has been scheduled on August
1, 2024.

On
July 12, 2024, the Company submitted a written submission to Nasdaq. On July 25, 2024, the Company received a notice from Nasdaq indicating
the grant of the Company’s request to extend the stay of suspension pending a hearing on August 1, 2024, and issuance of a final
Panel decision. On August 1, 2024, the Company attended the Nasdaq hearing before the Panel.

On
September 5, 2024, the Company received a delinquency notification letter from Nasdaq due to the Company’s non-compliance with
Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the fiscal
quarter ended June 30,