Embrace Change (EMCGU) Prices $65M IPO


Embrace Change (EMCGU) Prices $65M IPO

Embrace Change Acquisition Corp. priced its $65 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EMCGU” Wednesday, August 10, 2022.

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.