Emmis Acquisition Corp. Announces Upcoming Automatic Unit Separation
Emmis Acquisition Corp (NASDAQ: EMISU) announced an automatic unit separation effective October 22, 2025. Units will stop trading and the Company’s Class A ordinary shares and rights will begin trading separately on the Nasdaq Global Market as EMIS (shares) and EMISR (rights).
Each unit contains one Class A ordinary share and one right; each right converts to one-tenth (1/10) of a Class A share upon closing of the initial business combination. No action is required by unit holders. Fractional shares from rights conversions will be rounded down or handled under Cayman Islands law and company charter. Purchases after market close on October 15, 2025 may not settle before separation and could receive fewer rights.
Emmis Acquisition Corp (NASDAQ: EMISU) ha annunciato una seprazione automatica delle unità effettiva dal 22 ottobre 2025. Le unità cesseranno di essere negoziate e le azioni ordinarie di Classe A e i diritti della Società inizieranno a essere negoziati separatamente sul Nasdaq Global Market come EMIS (azioni) e EMISR (diritti).
Ogni unità contiene una azione ordinaria di Classe A e un diritto; ogni diritto si converte in un decimo (1/10) di un'azione di Classe A al closing della combinazione aziendale iniziale. Nessuna azione è richiesta dai detentori di unità. Le azioni frazionarie derivanti dalle conversioni dei diritti saranno arrotondate per difetto o gestite in base alla legge delle Isole Cayman e allo statuto della società. Gli acquisti dopo la chiusura di mercato del 15 ottobre 2025 potrebbero non liquidarsi prima della separazione e potrebbero ricevere meno diritti.
Emmis Acquisition Corp (NASDAQ: EMISU) anunció una separación automática de unidades efectiva el 22 de octubre de 2025. Las unidades dejarán de cotizar y las acciones ordinarias de Clase A de la Compañía y los derechos comenzarán a cotizar por separado en el Nasdaq Global Market como EMIS (acciones) y EMISR (derechos).
Cada unidad contiene una acción ordinaria de Clase A y un derecho; cada derecho se convierte en una décima (1/10) de una acción de Clase A al cierre de la primera fusión de negocios. No se requiere ninguna acción por parte de los tenedores de unidades. Las acciones fraccionarias resultantes de las conversiones de derechos se redondearán hacia abajo o se tratarán de acuerdo con la ley de las Islas Caimán y los estatutos de la empresa. Las compras después del cierre del mercado el 15 de octubre de 2025 podrían no liquidarse antes de la separación y podrían recibir menos derechos.
Emmis Acquisition Corp (NASDAQ: EMISU) 은 2025년 10월 22일부로 자동 유닛 분리를 발표했습니다. 유닛은 거래를 중단하고 회사의 Class A 보통주 및 권리는 EMIS (주식) 및 EMISR (권리)로 각각 Nasdaq Global Market에서 별도로 거래를 시작합니다.
각 유닛은 한 개의 Class A 보통주와 한 개의 권리를 포함합니다; 각 권리는 초기 사업 결합 종료 시점에 Class A 주식의 1/10로 전환됩니다. 유닛 보유자에 의한 조치가 필요하지 않습니다. 권리 전환으로 인한 부분주식은 내림으로 반올림되거나 케이맨 제도 법과 회사 정관에 따라 처리됩니다. 2025년 10월 15일 시장 마감 이후의 매수는 분리 전에 결제되지 않을 수 있으며 더 적은 권리를 받을 수 있습니다.
Emmis Acquisition Corp (NASDAQ: EMISU) a annoncé une séparation automatique des unités effective le 22 octobre 2025. Les unités cesseront d'être cotées et les actions ordinaires de Classe A et les droits de la Société commenceront à être cotés séparément sur le Nasdaq Global Market en tant que EMIS (actions) et EMISR (droits).
Chaque unité contient une action ordinaire de Classe A et un droit; chaque droit se convertit en un dixième (1/10) d'une action de Classe A à la clôture de la première fusion d'activités. Aucune action n'est requise de la part des détenteurs d'unités. Les actions fractionnaires issues des conversions des droits seront arrondies à la baisse ou gérées selon la loi des îles Caïmans et les statuts de la société. Les achats après la clôture du marché le 15 octobre 2025 pourraient ne pas se régler avant la séparation et pourraient recevoir moins de droits.
Emmis Acquisition Corp (NASDAQ: EMISU) kündigte eine automatische Aufspaltung der Einheiten mit Wirkung zum 22. Oktober 2025 an. Die Einheiten werden nicht mehr gehandelt, und die Class A-Stammaktien der Gesellschaft sowie die Bezugsrechte werden getrennt unter dem Nasdaq Global Market als EMIS (Aktien) und EMISR (Bezugsrechte) gehandelt.
Jede Einheit enthält eine Class A-Stammaktie und ein Bezugsrecht; jedes Bezugsrecht wandelt sich zum Zeitpunkt des Abschlusses der ersten Geschäftszusammenführung in ein Zehntel (1/10) einer Class A-Aktie um. Von den Einheiteninhabern ist kein Handeln erforderlich. Die durch die Bezugsrechte-Umwandlung resultierenden Bruchteile werden abgerundet oder gemäß dem Recht der Kaimaninseln und der Satzung des Unternehmens behandelt. Käufe nach Marktschluss am 15. Oktober 2025 könnten sich nicht vor der Trennung abwickeln lassen und könnten weniger Bezugsrechte ergeben.
Emmis Acquisition Corp (NASDAQ: EMISU) أعلنت عن انفصال تلقائي للوحدات يبدأ اعتباراً من 22 أكتوبر 2025. ستتوقف الوحدات عن التداول وتبدأ أسهم الشركة من فئة A العادية وحقوقها بالتداول بشكل منفصل في Nasdaq Global Market كـ EMIS (أسهم) وEMISR (حقوق).
كل وحدة تحتوي على سهم من فئة A العادية وحق واحد؛ يتحول كل حق إلى عُشر (1/10) من سهم فئة A عند إغلاق صفقة الدمج الأعمالي الأولي. لا يلزم أي إجراء من قبل حاملي الوحدات. ستتم تقريب الأسهم الكسريّة الناتجة عن تحويل الحقوق إلى الأسفل أو التعامل معها وفقاً لقانون جزر كيمان ونظام الشركة الأساسي. قد لا تتم تسوية الشراء بعد إغلاق السوق في 15 أكتوبر 2025 قبل الانفصال وقد يتلقى المشتري حقوقاً أقل.
Emmis Acquisition Corp (NASDAQ: EMISU) 宣布将于2025年10月22日生效实施 自动单位分离。单位将停止交易，公司的A类普通股和权利将作为 EMIS（股票）和 EMISR（权利）在 Nasdaq Global Market 分别开始交易。
每个单位包含一股 A 类普通股和一项权利；每项权利在初始业务合并完成时转换为一股 A 类普通股的十分之一（1/10）。单位持有者不需要采取任何行动。由权利转换产生的碎股将向下舍入，或按开曼群岛法及公司章程处理。2025年10月15日收盘后购买的股票可能在分离前无法结算，且可能获得的权利更少。
- Class A shares to trade separately as EMIS on Oct 22, 2025
- Rights to trade separately as EMISR on Oct 22, 2025
- Separation is mandatory and automatic; no holder action required
- Each right equals 1/10 of a Class A share at business combination
- Fractional shares will be rounded down or addressed per Cayman law
- Post-close purchases after Oct 15, 2025 may not settle before separation
New York, NY, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Emmis Acquisition Corp. (NASDAQ: EMISU) (the “Company”) announced today that, effective as of October 22, 2025, the Company’s units will no longer trade, and that the Company’s Class A ordinary shares and rights, which together comprise the units, will commence trading separately. The Class A ordinary shares and rights will be listed on the Nasdaq Global Market and trade with the ticker symbols “EMIS” and “EMISR”, respectively. This is a mandatory and automatic separation, and no action is required by the holders of units.
Each unit consists of one Class A ordinary share and one right. Each right entitles the holder to receive one-tenth (1/10) of one Class A ordinary share upon the consummation of the Company’s initial business combination. In the separation, unit owners will receive the number of Class A ordinary shares underlying their units and the number of rights underlying such units. No fractional shares will be issued upon conversion of any rights and instead, fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with the applicable provisions of Cayman Islands law and our amended and restated memorandum and articles of association. Accordingly, a holder must have 10 rights to receive one Class A ordinary share at the closing of the Company’s initial business combination.
Purchases of units that are made after market close on October 15, 2025, may not settle prior to the unit separation date and, accordingly, the number of rights issued to such purchasers may not reflect the rights underlying such recently purchased units.
About Emmis Acquisition Corp.
Emmis Acquisition Corp. 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.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements, including those set forth in the risk factors section of the prospectus used in connection with the Company’s initial public offering. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
Contact:
Emmis Acquisition Corp.
Investor Relations
Allison Tomek
Equilitix
allison@equilitix.com
FAQ
When will EMISU units separate and trade as EMIS and EMISR?
Do EMISU unit holders need to take action for the October 22, 2025 separation?
How many rights are required to receive one Class A share for EMIS?
Will fractional shares be issued when EMISR rights convert to EMIS shares?
How could purchases after Oct 15, 2025 affect rights received in the separation?
