Emmis Capital Sponsor LLC reported disposition transactions in this Form 4 filing. Emmis Acquisition Corp. reported that Emmis Capital Sponsor LLC transferred 11,667 Class B ordinary shares to Kenneth C. Greenberg on September 25, 2026, in connection with his appointment as a director. The transfer was for no cash consideration, and the shares remain subject to the same transfer restrictions as the Sponsor’s other Class B ordinary shares. The Sponsor held 3,821,666 Class B ordinary shares directly after the transfer. Peter Goldstein, the Sponsor’s managing member, may be deemed to have beneficial ownership of Sponsor-held securities but disclaims it except to the extent of his pecuniary interest.
Emmis Acquisition Corp. appointed Kenneth C. Greenberg as a Class II director on September 25, 2026, effective immediately. He joined the Audit Committee and the Nominating and Corporate Governance Committee, and became chair of the Compensation Committee. On the same date, Seth Farbman was removed from all three committees and continued as a Class I director.
Emmis Capital Sponsor LLC transferred 11,667 Class B ordinary shares to Greenberg in connection with his appointment; the shares are subject to the same transfer restrictions as the sponsor’s other Class B ordinary shares. The company also entered its standard indemnification agreement with Greenberg, covering indemnification and advancement of expenses to the fullest extent permitted by law.
Emmis Acquisition Corp. (EMIS) director Kenneth C. Greenberg acquired 11,667 Class B ordinary shares on September 25, 2026, transferred by Emmis Capital Sponsor LLC in connection with his appointment. The transfer involved no cash consideration. His reported direct holdings afterward were 11,667 Class B ordinary shares; they are subject to the same transfer restrictions applicable to the other Class B ordinary shares held by the Sponsor.
Emmis Acquisition Corp., a Cayman Islands blank check company, reported net income of $748,888 for the quarter and $1,722,122 for the six months ended June 30, 2026, driven by $891,039 and $2,029,762 of interest on cash and marketable securities held in its Trust Account, partially offset by general and administrative costs.
Total assets were $119,070,151, including $118,179,368 held in the Trust Account and cash outside the trust of $708,065. As of August 6, 2026 there were 11,942,500 Class A and 3,833,333 Class B ordinary shares outstanding, with 11,500,000 Class A shares redeemable at $10.28 per share. Management states that, despite a working capital surplus of $766,899, substantial doubt exists about the company’s ability to continue as a going concern because it must complete an initial business combination or obtain an extension by March 26, 2027.
Emmis Acquisition Corp., a Cayman Islands-based blank check company, reported net income of $973,234 for the quarter ended March 31, 2026. Results were driven by $1,138,723 of interest income on cash and marketable securities held in its trust account, partially offset by $165,489 of general and administrative expenses.
At quarter-end, the company held $117,288,329 in cash and marketable securities in its trust account, tied to 11,500,000 Class A ordinary shares subject to possible redemption at approximately $10.20 per share. Cash outside the trust was $782,141, supporting ongoing search and operating costs.
Shareholders’ equity totaled $909,050, with 442,500 non-redeemable Class A shares and 3,833,333 Class B founder shares outstanding as of March 31, 2026. As of May 14, 2026, there were 11,942,500 Class A and 3,833,333 Class B ordinary shares issued and outstanding while the company continues to seek an initial business combination.
Emmis Acquisition Corp. (EMIS) is a Cayman Islands-based blank check company formed to complete an initial business combination, typically a merger or acquisition. It has not generated operating revenues and does not expect to do so until a transaction is completed.
On September 26, 2025, Emmis completed an IPO of 11,500,000 units at $10.00 per unit, raising $115,000,000, and sold 367,500 private placement units at the same price. A total of $115,000,000 was deposited into a U.S. trust account, generally locked until a business combination or required redemptions.
Each unit comprises one Class A ordinary share and one right, with each right converting into one-tenth of a Class A share upon a successful deal. As of March 27, 2026, there were 11,942,500 Class A and 3,833,333 Class B ordinary shares outstanding. The company targets industrial, business services, manufacturing, transportation, distribution and technology businesses, primarily in North America and Southeast Asia, and must complete a transaction within a defined completion window or liquidate and return trust funds to public shareholders.
Emmis Acquisition Corp. received an updated ownership report showing that a former significant shareholder group has fully exited its position. Harraden Circle funds and their related entities, along with Frederick V. Fortmiller, Jr., now report beneficial ownership of 0 shares, representing 0% of the Class A common stock.
The amendment is characterized as an exit filing, confirming that these investors no longer hold more than five percent of the company’s outstanding Class A shares and that their holdings are not intended to influence control of the company.
Karpus Management, Inc. filed a Schedule 13G disclosing beneficial ownership of Emmis Acquisition Corp. common stock. Karpus reports holding 913,836 shares, representing 5.98% of the outstanding common shares as of the event date of 12/31/2025.
The firm, a New York–based registered investment adviser doing business as Karpus Investment Management, states it has sole voting and sole dispositive power over all 913,836 shares. Karpus certifies the position was acquired and is held in the ordinary course of business, without the purpose or effect of changing or influencing control of Emmis Acquisition Corp.
Emmis Acquisition Corp. received an amended Schedule 13G from Bank of Montreal, Bank of Montreal Holding Inc., and BMO Nesbitt Burns Inc. reporting that they now beneficially own 0 Class A ordinary shares, representing 0% of the class, as of the event date 12/31/2025.
The filing shows each reporting person has no sole or shared voting or dispositive power over any Class A ordinary shares. They also state that any securities referenced were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.