EMBRACE CHANGE ACQUISITION CORP COM USD0.0001 (SUB/RIGHTS 25/10/2026) | 10-Q: FY2025 Q2 EPS: USD -0.04

LB filings
2025.08.19 20:08
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EPS: As of FY2025 Q2, the actual value is USD -0.04.

Segment Revenue

  • The company has not generated any operating revenues as of June 30, 2025, since it is a blank check company focused on identifying a business combination target.

Operational Metrics

  • For the three months ended June 30, 2025, the company reported a net loss of $98,634, compared to a net income of $677,230 for the same period in 2024.
  • For the six months ended June 30, 2025, the company reported a net loss of $188,258, compared to a net income of $984,507 for the same period in 2024.
  • Operating costs for the three months ended June 30, 2025, were $374,642, compared to $77,927 for the same period in 2024.
  • Operating costs for the six months ended June 30, 2025, were $730,504, compared to $127,727 for the same period in 2024.

Cash Flow

  • Net cash used in operating activities for the six months ended June 30, 2025, was - $316,516, compared to - $241,301 for the same period in 2024.
  • Net cash used in investing activities for the six months ended June 30, 2025, was - $150,000, compared to - $300,000 for the same period in 2024.
  • Net cash provided by financing activities for the six months ended June 30, 2025, was $400,000, compared to $540,525 for the same period in 2024.

Unique Metrics

  • Investment income earned on cash and investments held in the Trust Account for the three months ended June 30, 2025, was $277,146, compared to $755,157 for the same period in 2024.
  • Investment income for the six months ended June 30, 2025, was $544,509, compared to $1,490,735 for the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: The company is focused on completing a business combination by August 12, 2026, and has extended the combination period multiple times to facilitate this goal.
  • Non-Core Business: The company has entered into a merger agreement with Tianji Tire Global (Cayman) Limited, which involves a series of mergers resulting in Tianji becoming a wholly owned subsidiary of the company.
  • Priority: The company plans to issue 45,000,000 ordinary shares as part of the merger consideration, valued at $450,000,000, to the shareholders of Tianji upon closing of the business combination.
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