GlobeNewswire Inc. · Aug 12, 2022
Embrace Change Acquisition Corp. Announces Closing of $73.9 Million Initial Public Offering
SAN DIEGO, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Embrace Change Acquisition Corp. (NASDAQ: EMCGU, the “Company”) today announced the closing of its initial public offering of 7,392,855 units at an offering price of $10.00 per unit, with each unit consisting of one ordinary share, one redeemable warrant and one right (the “IPO”), which includes 892,855 units as a result of the partial exercise of the representative’s over-allotment option. Each redeemable warrant entitles the holder thereof to purchase one ordinary share at a price of $11.50 per share. Each right entitles the holder thereof to acquire one-eighth of an ordinary share.
