The new SPAC intends to identify companies in the technology, internet, and consumer sectors that have a mature and adaptable management team. Embrace Change is led by CEO Yoann Delwarde, and CFO Zheng Yuan.
Total SPAC deal count for 2022 year-to-date is now 73. This offering is expected to close on Friday, August 12.
EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”), is acting as the sole book-running manager for the IPO. US Tiger Securities, Inc. is acting as the co-manager for the IPO. Loeb & Loeb LLP is serving as Issuer’s Counsel with Mintz, Levin, Cohn, Ferris, Glovsky serving as Underwriter’s Counsel. MaloneBailey, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.