Embrace Change Acquisition in an amended S-1 filing disclosed it now plans to offer 7.5 million units at $10 each, up from the 5 million initially registered with the SEC last July. A unit still consists of a share and a warrant.
The SPAC did not identify any specific sectors it may target, but said it would not do a deal with any China-based company.
CEO and director Yoann Delwarde is the CEO and co-founder of Infinity Growth, a sales consultancy company. He is also an Expert In Residence for Chinaccelerator, an accelerator operated by the venture fund SOSV.
EF Hutton is sole book-running manager.
The SPAC has applied to list on the Nasdaq under the symbol EMCGU. Read more.
