Embrace Change Acquisition in a regulatory filing said shareholders voted in favor of lifting a restriction on the SPAC that would have b[=revented it from pursuing merger targets in China, Hong Kong and Macau.
Embrace Change said 824,682 shares were redeemed, or about 10% of shares outstanding.
Embrace Change raised $74 million in an IPO a year ago. The SPAC did not identify any specific sectors it may target, but said at that time of its initial registration that it would not do a deal with any China-based company. Read more.
