StockNews.AI
EMISU
StockNews.AI
6 hrs

Emmis Acquisition Corp. Announces the Closing of $115,000,000 Initial Public Offering

1. Emmis Acquisition Corp. closed its IPO of 11.5 million units. 2. The offering generated $115 million in gross proceeds. 3. Units traded on Nasdaq under the ticker symbol 'EMISU'. 4. The firm aims for business combinations in multiple sectors. 5. Management team includes experienced leaders from diverse industries.

M&A
0%Current Return
VS
+0.01%S&P 500
$9.9909/26 05:22 PM EDTEvent Start
$9.9909/26 10:33 PM EDTLatest Updated
5m saved
Insight
Article

FAQ

Why Bullish?

The successful IPO reflects market confidence, similar to previous successful SPAC launches. This may lead to higher investor interest and stock price appreciation.

How important is it?

The IPO's success and capital raised can significantly influence EMISU's future acquisitions and strategy.

Why Short Term?

Initial market excitement post-IPO often leads to price boosts, evidenced in prior SPAC scenarios.

Related Companies

SPACEMISEMISR
September 26, 2025 17:12 ET  | Source: Emmis Acquisition Corp. Each Unit Includes One Class A Ordinary Share andOne Share Right to Receive 1/10th of a Class A Ordinary Share New York, NY, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Emmis Acquisition Corp. (the “Company”) (Nasdaq: EMISU) announced today the closing of its initial public offering of 11,500,000 units at a price of $10.00 per unit, including 1,500,000 units sold pursuant to the full exercise of the underwriter’s over-allotment option. The offering resulted in gross proceeds of $115,000,000. The units began trading on the Nasdaq Global Market (“Nasdaq”) on September 25, 2025, under the ticker symbol “EMISU.” Each unit consists of one Class A ordinary share and one right (the “Share Right”) to receive one tenth (1/10) of one Class A ordinary share upon the consummation of an initial business combination. An amount equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and Share Rights are expected to be listed on Nasdaq under the symbols “EMIS” and “EMISR,” respectively. The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution but will focus on industrial and business services, manufacturing, transportation, and/or distribution and/or technology sectors. The Company’s management team is led by Peter Goldstein, its Chief Executive Officer and Director, and David Lowenstein, its Chief Financial Officer and Director. In addition, the Board includes Anna C Mallon, Low Koon Poh and Seth Farbman. I-Bankers Securities, Inc. and IB Capital LLC are acting as book-running managers for the offering. A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on September 24, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact: Emmis Acquisition Corp. Investor Relations Allison Tomek Equilitix allison@equilitix.com

Related News