Embrace Change Acquisition Corp. (EMCG) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
EMCG currently has 2.42M outstanding shares. with significant dilution risk as 14M authorized shares could dilute existing holders by 578.0%. The company has significantly diluted shareholders by 44.78% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Dec 10, 2025 |
10-Q filing | 2.4M shares outstanding |
2.4M | 14M |
| Aug 19, 2025 |
10-Q filing | 4.5M shares outstanding |
4.5M | 14M |
| May 20, 2025 |
10-Q filing | 4.5M shares outstanding |
4.5M | 14M |
| Mar 11, 2025 |
10-K filing | 4.5M shares outstanding |
4.5M | 14M |
| Jan 27, 2025 |
8-K filing: Embrace Change Acquisition Corp. entered into a merger agreement with Tianji Tire Global (Cayman) Limited, where Purchaser will issue 45,000,000 ordinary shares at $10.00 per share to the shareholders of Tianji as merger consideration. ($450.0M proceeds) |
4.5M | 14M |
| Nov 12, 2024 |
10-Q filing | 4.5M shares outstanding |
4.5M | 14M |
| Sep 16, 2024 |
10-Q filing | 4.5M shares outstanding |
4.5M | 14M |
| Aug 07, 2024 |
10-Q filing | 7.4M shares outstanding |
7.4M | 14M |
| Jul 26, 2024 |
10-K filing | 5.1M shares outstanding |
5.1M | 14M |
| Mar 25, 2024 |
8-K filing: An aggregate of 7,000 private placement units of the Company would be issued if the entire principal balance of the Working Capital Note is converted. The rights constituting a part of the units are exchangeable for ordinary shares, and the warrants constituting a part of the units are exercisable for ordinary shares. |
7.4M | 14M |
| Mar 14, 2024 |
8-K filing: Embrace Change Acquisition Corp. issued 200,000 registered and unrestricted shares to EF Hutton as part of a revised deferred underwriting fee agreement. Additionally, 10,000 private placement units may be issued upon conversion of an Extension Fee Note, with each unit containing rights and warrants exercisable for ordinary shares. |
7.4M | 14M |
| Mar 01, 2024 |
10-Q filing | 7.4M shares outstanding |
7.4M | 14M |
| Aug 11, 2023 |
10-Q filing | 8.1M shares outstanding |
8.1M | 14M |
| May 22, 2023 |
10-Q filing | 9.7M shares outstanding |
9.7M | 14M |
| Mar 07, 2023 |
10-K filing | 9.7M shares outstanding |
9.7M | 14M |
| Nov 08, 2022 |
10-Q filing | 9.7M shares outstanding |
9.7M | 14M |
| Aug 12, 2022 |
10-Q filing | 9.7M shares outstanding |
9.7M | 14M |
| Jul 25, 2022 |
S-1/A filing: Embrace Change Acquisition Corp. is offering 6,500,000 units at an offering price of $10.00. Each unit consists of one ordinary share, one warrant and one right. |
1.9M | 14M |
| Jul 21, 2022 |
10-Q filing | 1.9M shares outstanding |
1.9M | 21M |
| Jul 13, 2022 |
S-1/A filing: Embrace Change Acquisition Corp. is offering 6,500,000 units at an offering price of $10.00. Each unit consists of one ordinary share, one warrant, which we refer to throughout this prospectus as the public warrants, and one right, which we refer to throughout this prospectus as the public rights. Each whole warrant entitles the holder thereof to purchase one ordinary share at a price of $11.50 per share. |
1.9M | 21M |
| Jun 21, 2022 |
S-1/A filing: Embrace Change Acquisition Corp. is offering 7,500,000 units at an offering price of $10.00, with each unit consisting of one ordinary share, one warrant, and one right in an initial public offering. |
2.2M | 15M |
| Jun 07, 2022 |
S-1/A filing: Embrace Change Acquisition Corp. is offering 7,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one ordinary share, one warrant, and one right. |
2.2M | 23M |
| May 24, 2022 |
S-1 filing: Initial public offering of 7,500,000 units at $10.00 per unit, each unit consisting of one ordinary share, one warrant, and one right. |
2.2M | 15M |
| May 13, 2022 |
S-1/A filing: Initial public offering of 7,500,000 units at $10.00 per unit, each unit consists of one ordinary share and one warrant, with each whole warrant entitling the holder to purchase one ordinary share at $11.50 per share. |
2.2M | 7.5M |
| May 12, 2022 |
S-1/A filing: Embrace Change Acquisition Corp. is offering 7,500,000 units at an offering price of $10.00, each unit consists of one ordinary share and one warrant. |
2.2M | 7.8M |
| Apr 11, 2022 |
S-1/A filing: Initial public offering of 7,500,000 units at $10.00 per unit, each unit consisting of one ordinary share and one warrant. |
2.2M | 7.5M |
| Mar 23, 2022 |
S-1/A filing: Embrace Change Acquisition Corp. is offering 7,500,000 units at an offering price of $10.00 per unit in an initial public offering. |
2.2M | 7.5M |
| Mar 14, 2022 |
S-1/A filing: Initial public offering of 7,500,000 units, each consisting of one ordinary share and one warrant, at an offering price of $10.00 per unit. |
2.2M | 15M |
| Mar 03, 2022 |
S-1/A filing: Embrace Change Acquisition Corp. is offering 7,500,000 units at $10.00 per unit in an initial public offering, with each unit consisting of one ordinary share and one warrant, and also offering 340,000 units in a private placement. |
2.2M | 9M |
| Dec 30, 2021 |
S-1/A filing: Embrace Change Acquisition Corp. is offering 7,500,000 units at $10.00 per unit, each unit consisting of one ordinary share and one warrant, in an initial public offering. |
2.2M | 7.5M |
| Oct 27, 2021 |
S-1/A filing: Embrace Change Acquisition Corp. is offering 7,500,000 units at an offering price of $10.00, with each unit consisting of one ordinary share and one warrant, as part of its initial public offering. |
2.2M | 7.5M |
| Sep 03, 2021 |
S-1/A filing: Initial public offering of 5,000,000 units at $10.00 per unit, each unit consisting of one ordinary share and one warrant, with each warrant exercisable for one ordinary share at $11.50. |
1.4M | 5M |
| Jul 28, 2021 |
S-1 filing: Embrace Change Acquisition Corp. is offering 5,000,000 units at $10.00 per unit, each unit consisting of one ordinary share and one warrant, in an initial public offering. |
1.4M | 5.3M |