Event-Driven Stocks

Embrace Change Acquisition Corp.

EMCGFOTC

Financials · Blank Checks · E9 · SEC filings ↗ · Compare ⊕

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Signs● 1 good● 1 warning● 3 severedetails ↓

Financials

SEC XBRL · annual
 FY24FY23FY22FY21
Revenue————
Operating income−$551,662−$1.1M−$354,043−$3,230
Net income$1.4M$2.4M$410,646−$3,230
Total assets$26.2M$56.2M$76.9M$169,050
Total liabilities$5.9M$4.1M$2.7M$147,280
Equity−$5.8M−$4.1M−$2.3M$21,770
EPS (diluted)——$-0.08$0.00
Shares out.5.1M9.7M2.3M1.8M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2024
Operating margin
—
Net margin
—
Return on equity
−24.8%
Return on assets
5.5%
Return on capital (ROCE)
−2.4%
Liabilities / assets
22.5%
Debt / equity
—
Book value / share
$-1.14
Revenue growth (YoY)
—
Net income growth (YoY)
−40.5%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2024
Altman Z″ (distress)
-2.62distress
Accruals / assets
7.5%moderate
Piotroski F-Score
4/7mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
25
/ 100
Profitability 33Growth 0Catalyst 33Earnings quality 33Financial strength 25

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 3 severe● 1 warning● 1 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Negative operating cash flow
  • Conservative leverage (liabilities < 50% of assets)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 2026421000.00.0%
Apr 30, 2026421.00.0%
Apr 15, 2026423.50.0%
Mar 31, 2026421000.00.0%
Mar 13, 20264221.00.0%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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