<span item_type="fundamental" item_id="2e432fbd4fffc825650de91af0ad9ee6" counter_id="ST/US/EMCGR" env="prod"></span><span item_type="announcement" item_id="518160161005181953" env="prod"></span><p>EPS: As of FY2025 Q1, the actual value is USD -0.02.</p><p></p><h3>Segment Revenue</h3><ul><li>The company has not generated any operating revenues as of March 31, 2025, and will not do so until after the completion of its Business Combination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000182912625003812/embracechange_10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>For the three months ended March 31, 2025, the company reported a net loss of $89,624, compared to a net income of $307,277 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000182912625003812/embracechange_10q.htm"></span></li><li>Operating costs for the three months ended March 31, 2025, were $355,862, compared to $49,800 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000182912625003812/embracechange_10q.htm"></span></li><li>The company recorded interest expense of $1,125 for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000182912625003812/embracechange_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>As of March 31, 2025, the company had cash of $17,229 and a working capital deficit of $3,214,910.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000182912625003812/embracechange_10q.htm"></span></li><li>Net cash used in operating activities for the three months ended March 31, 2025, was - $249,756, compared to - $77,725 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000182912625003812/embracechange_10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>Investment income earned on cash and investments held in the Trust Account was $267,363 for the three months ended March 31, 2025, compared to $735,578 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000182912625003812/embracechange_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company is focused on completing a Business Combination by August 12, 2025, and has the right to extend the Termination Date by depositing $75,000 per month, up to ten additional times, through August 12, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000182912625003812/embracechange_10q.htm"></span></li><li><strong>Non-Core Business</strong>: The company has entered into a merger agreement with Tianji Tire Global (Cayman) Limited, which involves merging with EMC Merger Sub 1 and EMC Merger Sub 2, with Tianji surviving as a wholly owned subsidiary of Purchaser.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000182912625003812/embracechange_10q.htm"></span></li><li><strong>Priority</strong>: The company has a merger agreement to issue 45,000,000 ordinary shares valued at $450,000,000 to Tianji shareholders as part of the Business Combination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000182912625003812/embracechange_10q.htm"></span></li></ul>

EMCGR

EMBRACE CHANGE ACQUISITION CORP COM USD0.0001 (SUB/RIGHTS 25/10/2026) | 10-Q: FY2025 Q1 EPS: USD -0.02