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Nasdaq Delists Embrace Change Acquisition Corp. Following Failure to Complete Business Combination
ByAinvest
Tuesday, Aug 19, 2025 4:26 am ET1min read
Embrace Change Acquisition Corp. received a Nasdaq delisting notice due to failure to complete an initial business combination by the required deadline of August 9, 2025. Trading will be suspended on August 21, 2025, and the company will be removed from Nasdaq listing. Despite the delisting, the company plans to pursue an initial business combination and aims to relist its securities on Nasdaq.
Title: Embrace Change Acquisition Corp. Delisted from Nasdaq Due to Missed Business Combination DeadlineEmbrace Change Acquisition Corp. (NASDAQ:EMCGU, NASDAQ:EMCG, NASDAQ:EMCGW, NASDAQ:EMCGR) has been notified by the Nasdaq Stock Market that its securities will be delisted due to the failure to complete an initial business combination by the required deadline of August 9, 2025. The company received the notice on August 14, 2025, as per Nasdaq's IM-5101-2 rule [1].
Trading in Embrace Change Acquisition Corp.'s ordinary shares, warrants, rights, and units will be suspended at the opening of business on August 21, 2025. Nasdaq will formally remove the company's securities from listing and registration on the exchange by filing Form 25-NSE with the Securities and Exchange Commission.
Following the suspension, the company expects its securities to be quoted on the Pink Open Market operated by the OTC Markets Group. The current ratio of 0.02 reflects significant liquidity concerns, with short-term obligations exceeding liquid assets, which is a crucial consideration for investors tracking the stock's transition to OTC markets [1].
The company has stated its intention to continue seeking an initial business combination and to pursue listing of the post-combination company’s securities on Nasdaq. However, it has cautioned that there can be no assurance that either the business combination or a future listing on Nasdaq will occur.
References:
[1] https://www.investing.com/news/sec-filings/embrace-change-acquisition-to-be-delisted-from-nasdaq-after-business-combination-deadline-missed-93CH-4198526
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