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EMCG

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Embrace Change Acquisition Corp Ordinary Shares

12.15
+0.05 (+0.41%)
Last Update: 01 Jul 2025 23:00:00
Yesterday: 12.1
Day's Range: 11.92 - 12.15
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When Written:
 
10.43
Embrace Change Acquisition Corp (ECAC) is a special purpose acquisition company (SPAC) that was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company's ordinary shares trade on the NASDAQ under the ticker symbol ECACU.

ECAC was founded by experienced executives and investors who have a track record of identifying and executing successful business combinations. The company's management team includes CEO and Chairman, Andrew Heyer, who is also the founder and CEO of Mistral Equity Partners, a private equity firm that focuses on consumer goods and services.

ECAC raised $300 million in its initial public offering (IPO) in February 2021. The company has not yet announced any specific merger target, but it has indicated that it is focused on identifying a target in the consumer goods and services, healthcare, technology, or industrial sectors.

As a SPAC, ECAC has a limited time frame to identify and complete a business combination. If the company is unable to identify a suitable target within a certain period of time, it will be required to return the funds raised in its IPO to its shareholders.

Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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