Embrace Change Acquisition Corp.

closedU=S+1WW=S@11.50
EMCGSEC EDGARCIK: 0001869601|Wuren Fubao Inc.

Capital Structure & Economics

Trust Size$66,625,000
Unit Price$10.00
Warrant Coverage1/1
Sponsor Promote20%

Implied Equity Architecture

Capital Allocation Baseline

Trust (100.0%)

Implied Dilution Drag

100% Warrant Inclusion
Public Trust Allocation$66,625,000
Sponsor At-Risk CapitalN/A
Total Underwriting DiscountN/A
Trust Per Unit (Implied)$10.00
Sponsor Promote Allocation20%
Deal Lifecycle
IPO PricedJul 28, 2021
Target AnnouncedJan 26, 2025
Maturation Wall
N/A

Announced Target / M&A

  • Target CompanyTianji Tire Global (Cayman) Limited
  • Announcement Date2025-01-26

Board & Officers

  • Zheng YuanCEO

Syndicate & Advisors

Interactive Deal Modeling

Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.

Dilution Cash Friction