Embrace Change Acquisition Corp.

General Information

We are a blank check company. It is our intention to pursue prospective targets that are in the technology, Internet and consumer sectors. We will look for companies with established brands, stable cash flow and readiness to access capital markets. In addition, we want to find companies that are truly technology driven and have strong industry competencies. (Incorporated in the Cayman Islands)

We will not pursue a target company or a business combination with any company or business in China, Hong Kong and Macau. 

Our CEO Yoann Delwarde is the co-founder and CEO of Infinity Growth, a company that has helped nearly 25 companies from dozens of industries in seven countries increase their sales globally. Mr. Delwarde, who is from France, has many years of experience working in France and China.

Our CFO Zheng Yuan has extensive financial management experience, having worked for several major Chinese banks. From October 2010 to March 2016, she was the vice president of the International Banking Department of Bank of Beijing Corp., responsible for international settlements, cooperation with international counterparts, and anti-money laundering operations. We believe that Ms. Zheng Yuan’s extensive and long-term multinational financial management experience will help us to better identify the financial risks of potential investment targets and to find outstanding companies to acquire.

(Note: Embrace Change Acquisition Corp. priced its SPAC IPO on Aug. 9, 2022, in line with the terms of its prospectus: 6.5 million units at $10.00 to raise $65 million. The number of SPAC IPOs priced so far in 2002 is now 73. Previously: Embrace Change Acquisition Corp. cut its SPAC IPO by 13.3 percent in an S-1/A filing dated July 12, 2022: The deal was cut to 6.5 million units, down from 7.5 million units, at $10.00 each to raise $65 million. Embrace Change Acquisition’s revised SPAC IPO now includes rights as part of the units to be sold in this offering, On May 24, 2022, Embrace Change Acquisition Corp. filed an S-1 – constituting Post-Effective Amendment No. 1 to the Prior Registration Statement – to include unaudited interim financial statements for the three months ended March 31, 2022, and to include rights as part of the units to be sold in the offering. The new S-1 filing, dated May 24, 2022, registers 8.625 million rights to acquire 1/8 of an ordinary share and 1,078,125 ordinary shares underlying the rights. (See the cover of the prospectus.) In an S-1/A filing dated Oct. 27, 2021, Embrace Change Acquisition Corp. increased the size of its IPO to 7.5 million units – up from 5.0 million units – in its S-1 filed July 28, 2021; the SPAC filed confidential IPO paperwork with the SEC on June 29, 2021.)


Employees: 0
Founded: 2021
Contact Information
Address 5186 Carroll Canyon Rd San Diego, CA 92121
Phone Number (858) 688-4965
Web Address
View Prospectus: Embrace Change Acquisition Corp.
Financial Information
Market Cap $87.9mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol EMCGU
Exchange NASDAQ
Shares (millions): 6.5
Price range $10.00 - $10.00
Est. $ Volume $65.0 mil
Manager / Joint Managers EF Hutton
CO-Managers Tiger Brokers
Expected To Trade: 8/10/2022
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change