TRADING QUOTES 2:09 AM January 28, 2023
IPO Terms Details
Business Combination
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SPAC Name : Embrace Change Acquisition Corp.
| Total Public Proceeds at IPO($mm): | 73.9 |
| %Held in Trust: | 102.5 |
| $Held in Trust per Unit: | $ 10.25 |
| Mgmt's Sector Expertise/Focus: | Technology |
| IPO Date: | 2022-08-09 |
| Months to Complete: | 12 |
| Deadline Date: | 2023-08-11 |
| Unit Structure (EMCGU) | |
| Share (EMCG): | 1 Ordinary Share |
| Warrant (EMCGW) | 1 Warrant |
| Right(EMCGR) | 1 for 1/8 |
| Public Warrant Terms: | |
| Exercise Price: | 11.500000000 |
| Redemption Price: | Cash/Cashless: $18.00 |
| Redemption: Cash, Cashless or for Shares | Mgmt's Discretion |
| Underwriters: | |
| Book-runner(s): | EF Hutton |
| Co-Manager(s): | Tiger Brokers |
| Fees (Upfront/Deferred): | 1.0%/3.5% |
| Lawyers: | |
| Issuer's Counsel: | Loeb & Loeb LLP |
| Underwriter's Counsel: | Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. |
| Additional Terms: | Crescent term: $9.20, Limitation on redemption rights: 20%, Six month lock-up on Founder Shares, May extend 6x by one month each by depositing $0.05 per share in trust each extension |
SPAC Name: Embrace Change Acquisition Corp.
| CURRENT FUNDS in TRUST: | $76,746,634* |
| EST. PRO RATA AMOUNT IN TRUST: | $10.38* |
| IMPLIED ENTERPRISE VALUE: | 0 |
| RECORD DATE: | TBD |
| SHAREHOLDER VOTE DATE: | TBD |
| SPAC NameSource: SEC.gov filings and SPAC Insider estimates | |
|---|---|
TRADING QUOTES Business CombinationIPO Terms Details SPAC name: %spacname% CURRENT FUNDS in TRUST: $%ending_trust_ball%* EST. PRO RATA AMOUNT IN TRUST: $%implied_cash_per_share%* IMPLIED ENTERPRISE VALUE: %impliedenterprisevalue% RECORD DATE: %businesscombinationrecorddate% SHAREHOLDER VOTE DATE: %businesscombinationshareholdervotedate% Source: SEC.gov filings and SPAC Insider estimates SPAC name: %spacname% Total Public Proceeds at IPO ($mm): %total% % Held in Trust:
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