# EDGAR Filing Document

**Accession Number:** 0001869601
**File Stem:** 0001493152-25-023874
**Filing Date:** 2025-11
**Character Count:** 7530
**Document Hash:** 97bc17699c0bd2041f8d5bbf0a31a793
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-023874.hdr.sgml**: 20251117

**ACCESSION NUMBER**: 0001493152-25-023874

**CONFORMED SUBMISSION TYPE**: NT 10-Q

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251117

**DATE AS OF CHANGE**: 20251117

**EFFECTIVENESS DATE**: 20251117

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Embrace Change Acquisition Corp.
- **CENTRAL INDEX KEY:** 0001869601
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NT 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41397
- **FILM NUMBER:** 251491353

**BUSINESS ADDRESS:**
- **STREET 1:** 5186 CARROLL CANYON RD
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92121
- **BUSINESS PHONE:** (858) 688-4965

**MAIL ADDRESS:**
- **STREET 1:** 5186 CARROLL CANYON RD
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92121

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| |
|:---|
| &nbsp;&nbsp;&nbsp;SEC FILE NUMBER **001-41397** |
| &nbsp;&nbsp;&nbsp;CUSIP NUMBER |
| &nbsp;&nbsp;&nbsp;**G3034H 133 (Units)**<br> **G3034H 109 (Ordinary Shares)**<br> **G3034H 109 (Warrants)**<br> **G3034H 141 (Rights)** |

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 12b-25**

**NOTIFICATION OF LATE FILING**

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| | |
|:---|:---|
| *(Check One)*: | ☐ Form 10-K ☐ Form 20-F ☐ Form 11-K ☒ Form 10-Q ☐ Form N-SAR ☐ Form N-CSR |
|  | For Period Ended: **September 30, 2025** |
|  | ☐ Transition Report on Form 10-K |
|  | ☐ Transition Report on Form 20-F |
|  | ☐ Transition Report on Form 11-K |
|  | ☐ Transition Report on Form 10-Q |
|  | ☐ Transition Report on Form N-SAR |
|  | For the Transition Period Ended: |

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*Read attached instruction sheet before preparing form. Please Print or Type.*

**Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.**

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

**PART I REGISTRANT INFORMATION**

**Embrace Change Acquisition Corp.**

**Full Name of Registrant**

**N/A**

**Former Name if Applicable**

**5186 Carroll Canyon Rd**

**Address of Principal Executive Office *(Street and Number)***

**San Diego, CA 92121**

**City, State and Zip Code**

**PART II RULES 12b-25(b) AND (c)**

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

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| | | |
|:---|:---|:---|
| ☒ | (a) | The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
| ☐ | (b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and |
| ☐ | (c) | The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |

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**PART III NARRATIVE**

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

The Quarterly Report on Form 10-Q of Embrace Change Acquisition Corp. (the "Company") could not be filed within the prescribed time period due to the fact that the Company was unable to finalize its financial results without unreasonable expense or effort. As a result, the Company could not solicit and obtain the necessary review of the Form 10-Q in a timely fashion prior to the due date of the report. The Company requires additional time to compile and verify the data required to be included in the Form 10-Q. The Company does not expect to file the Form 10-Q within the additional time allowed.

**PART IV OTHER INFORMATION**

(1) Name and telephone number of person to contact in regard to this notification

<u>Zheng Yuan </u> <u>+1</u> <u>(858) 688-4965</u> <br> (Name) (Area Code) (Telephone Number)

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| | |
|:---|:---|
| (2) | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months (or for such shorter) period that the registrant was required to file such reports) been filed? If answer is no, identify report(s). ☒ Yes ☐ No |
| (3) | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ☒ Yes ☐ No |
|  | If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. |
|  | The Company had less amount of cash and investments held in its trust account for the nine months ended September 30, 2025 than the nine months ended September 30, 2024. As a result, the Company expects less interest income from the trust account. In addition, the Company's expenses increased from the nine months ended September 30, 2024 to the nine months ended September 30, 2025. |
|  | The amounts above are still pending before being reviewed by the Company's accounting staff and independent registered public accounting firm, so a reasonable estimate of the results cannot be made. |

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**Disclosures About Forward-Looking Statements**

This Notification of Late Filing on Form 12b-25 contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and such statements are intended to be covered by the safe harbor provided by the same. These statements are based on the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. The above statements constitute forward-looking statements that are based on the Company's current expectations. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause future events to differ materially from those in the forward-looking statements, many of which are outside of the Company's control. These factors include, but are not limited to, a variety of risk factors affecting the Company's business and prospects, see "Risk Factors" in the Company's annual and quarterly reports and subsequent reports filed with the SEC, as amended from time to time. The Company does not undertake to update the forward-looking statements to reflect the impact of circumstances or events that may arise after the date of the forward-looking statements.

**Embrace Change Acquisition Corp.**

**(Name of Registrant as Specified in Charter)**

Has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| Date: November 17, 2025 | By: | */s/ Zheng Yuan* |
|  | Name: | Zheng Yuan |
|  | Title: | Chief Financial Officer |
|  |  | (Principal Accounting and Financial Officer) |

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