Filing Details
- Accession Number:
- 0000899243-22-028814
- Form Type:
- 4/A
- Zero Holdings:
- No
- Publication Time:
- 2022-08-16 17:00:20
- Reporting Period:
- 2022-08-12
- Accepted Time:
- 2022-08-16 17:00:20
- Original Submission Date:
- 2022-08-09
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1869601 | Embrace Change Acquisition Corp. | EMCG | Blank Checks (6770) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1904733 | Wuren Fubao Inc. | Suite # 5-204, 23 Lime Tree Bay Avenue, P.o. Box 2547 Grand Cayman E9 KY1-1104 | No | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Ordinary Shares, Par Value $0.0001 | Disposition | 2022-08-12 | 20,536 | $0.00 | 1,848,214 | No | 4 | J | Direct | |
| Ordinary Shares, Par Value $0.0001 | Acquisiton | 2022-08-12 | 373,750 | $0.00 | 2,221,964 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | J | Direct | |
| No | 4 | P | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Ordinary Shares, Par Value $0.0001 | Warrant | Disposition | 2022-08-12 | 373,750 | $0.00 | 373,750 | $11.50 |
| Ordinary Shares, Par Value $0.0001 | Right | Disposition | 2022-08-12 | 373,750 | $0.00 | 46,718 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 373,750 | No | 4 | P | Direct | ||
| 46,718 | No | 4 | P | Direct |
Footnotes
- As contemplated in connection with the Embrace Change Acquisition Corp. (the "Company")'s initial public offering (the "IPO"), 20,536 founder shares were returned by Wuren Fubao Inc. (the "Sponsor") to the Company for no consideration and cancelled because the representative's over-allotment option was partially exercised and the remaining portion of the option would not be exercised by the representative.
- The securities are owned directly by the Sponsor. Mr. Bin Li is the director of the Sponsor, and has voting and dispositive power over the shares held of record by the Sponsor. Mr. Bin Li disclaims any beneficial ownership of the securities held by the Sponsor, except to the extent of his pecuniary interest therein.
- Simultaneously with the consummation of the Company's IPO, the Sponsor acquired 373,750 units in a private placement (the "Private Units"). Each Private Unit consists of one ordinary share of the Company, par value $0.0001, one warrant to purchase one ordinary share at an exercise price of $11.50 per share (the "Warrants"), and one right entitling the holder to receive one-eighth (1/8) of one ordinary share upon consummation of the Company's initial business combination.
- The Private Units were purchased for $10.00 per unit.
- The Warrants will become exercisable at any time commencing 30 days after the completion of the Company's initial business combination.
- The Warrants will expire five years after the completion of the Company's initial business combination or earlier upon redemption or liquidation.
- Each right entitles the holder to receive one-eighth (1/8) of one ordinary share upon consummation of the Company's initial business combination.
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