Embrace Change Acquisition priced its IPO of 6.5 million units at $10 each. A unit consists of one share, a warrant and one right. Each right entitles the holder to one-eighth of a share.
Units begin trading today on the Nasdaq under the ticker symbol EMCGU.
The offering is expected to close Aug. 12. Once the securities begin separate trading, shares, warrants and rights are expected to list under the symbols EMCG, EMCGW and EMCGR.
The SPAC has not identified 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. Read more.
