Emmis Acquisition Corp. Announces the Pricing of $100,000,000 Initial Public Offering

Rhea-AI Summary

Emmis Acquisition Corp. (NASDAQ:EMISU) has announced the pricing of its initial public offering of 10,000,000 units at $10.00 per unit. Each unit comprises one Class A ordinary share and one Share Right to receive 1/10th of a Class A ordinary share upon business combination completion.

Trading will commence on September 25, 2025, on the Nasdaq Global Market under "EMISU". Once separate trading begins, shares and rights will trade under "EMIS" and "EMISR" respectively. The company has granted underwriters a 45-day option to purchase up to 1.5 million additional units for over-allotments.

This blank check company, led by CEO Peter Goldstein and CFO David Lowenstein, aims to pursue business combinations in industrial services, manufacturing, transportation, distribution, and technology sectors.

Positive

• None.

Negative

• No specific acquisition target identified yet
• Investors face uncertainty until business combination is completed
• Share Rights dilution of 10% upon business combination

Insights

SPAC Financial Analyst

Emmis Acquisition Corp. enters the SPAC market with a standard $100M IPO structure, adding another blank check company targeting industrial and business sectors.

Emmis Acquisition Corp. has priced its $100 million SPAC IPO, offering 10 million units at $10.00 each with trading to commence on Nasdaq under ticker "EMISU." This blank check company follows the typical SPAC structure, with $10.00 per unit being placed into a trust account that will hold the capital until a business combination is completed.

Each unit contains one Class A ordinary share and one share right that provides 1/10th of a Class A share upon completion of a business acquisition. I-Bankers Securities and IB Capital are serving as the book-running managers, and underwriters have a 45-day option to purchase an additional 1.5 million units to cover potential over-allotments.

The management team, led by CEO Peter Goldstein and CFO David Lowenstein, has indicated they will target companies in industrial services, manufacturing, transportation, distribution, and technology sectors. While the company maintains flexibility to pursue opportunities across various industries, their stated focus aligns with sectors experiencing consolidation and digital transformation pressures.

This offering represents yet another entrant into the SPAC market, which has seen fluctuating activity levels since its 2020-2021 boom period. Investors should note that like all SPACs, Emmis begins as a shell company with no operating history, and its value will ultimately be determined by the quality of acquisition it secures within its limited timeframe.

Each Unit Includes One Class A Ordinary Share and
One Share Right to Receive 1/10th of a Class A Ordinary Share

New York, NY, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Emmis Acquisition Corp. (the “Company”) announced today the pricing of its initial public offering of 10,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and begin trading tomorrow, 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 offering is expected to close on September 26, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price to cover over-allotments, if any.

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.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from I-Bankers Securities, Inc., Attention: Jesse Busch, CFA, I-Bankers Securities, Inc., 1261 Post Road, Suite 202A, Fairfield, CT 06824, or by email at Jesse.busch@ibsgroup.net.

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

FAQ

What is the IPO price for Emmis Acquisition Corp (EMISU) units?

Emmis Acquisition Corp's units are priced at $10.00 per unit, with each unit consisting of one Class A ordinary share and one Share Right for 1/10th of a share.

When will Emmis Acquisition Corp (EMISU) start trading?

Trading will begin on September 25, 2025 on the Nasdaq Global Market under the symbol 'EMISU'.

What sectors is Emmis Acquisition Corp (EMISU) targeting for acquisition?

The company is targeting businesses in industrial and business services, manufacturing, transportation, distribution, and technology sectors.

Who are the key executives of Emmis Acquisition Corp (EMISU)?

The company is led by Peter Goldstein as CEO and Director, and David Lowenstein as CFO and Director.

How much money will be held in trust for Emmis Acquisition Corp (EMISU)?

$10.00 per unit will be deposited into a trust account, totaling $100 million (excluding over-allotment option).