Embrace Change Acquisition Corp. Receives Nasdaq Notice Regarding Late Form 10-Q Filing
December 26 2023 - 10:20PM
Embrace Change Acquisition Corp. (“Embrace Change” or the
“Company”) (NASDAQ: EMCG; EMCGU; EMCGR; EMCGW), a special purpose
acquisition company, announced today that on December 22, 2023, it
received a delinquency notification letter from the Nasdaq Stock
Market LLC (“Nasdaq”) indicating that the Company is not in
compliance with the continued listing requirements under Nasdaq
Listing Rule 5250(c)(1) (the “Rule”) because the Company did not
timely file its Quarterly Report on Form 10-Q for the period ended
September 30, 2023 (the “Form 10-Q”).
The Notice has no immediate effect on the listing or trading of
the Company's securities on the Nasdaq Stock Market. The Notice
states that the Company has 60 calendar days from the date of the
Notice, or February 20, 2024, to submit a plan to regain compliance
with the Rule. If Nasdaq accepts the Company's plan to regain
compliance, then Nasdaq may grant the Company up to 180 calendar
days from the prescribed due date of the Form 10-Q, or May 20,
2024, to file the Form 10-Q to regain compliance. The Company
continues to work diligently to finalize its Form 10-Q and plans to
file its Form 10-Q as promptly as possible to regain compliance
with the Rule.
This announcement is made in compliance with Nasdaq Listing Rule
5810(b), which requires disclosure of receipt of a deficiency
notification.
About Embrace Change Acquisition Corp.
The Company is a blank check company, also commonly referred to
as a special purpose acquisition company, or SPAC, formed for the
purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or other similar
business combination with one or more businesses.
Forward-Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, including the Company’s search for an initial business
combination, are subject to risks and uncertainties, which could
cause actual results to differ from the forward-looking statements.
The Company expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company's
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
Contact:
Jingyu Wangjingyu.wang@embracechange.top
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