AQR discloses 3.86% Emmis Acquisition Corp. (EMIS) stake in 13G/A

Rhea-AI Filing Summary

Emmis Acquisition Corp. received an amended ownership report from AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC. The AQR entities report beneficial ownership of 460,560 Class A ordinary shares, representing 3.86% of the class as of the event date.

All three entities report shared voting and dispositive power over these shares, with no sole voting or dispositive authority. They certify the position was acquired and is held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Emmis Acquisition Corp.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Emmis Acquisition Corp.

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G3037D105

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G3037D105

1

Names of Reporting Persons

AQR Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 460,560.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 460,560.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

460,560.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.86 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. G3037D105

1

Names of Reporting Persons

AQR Capital Management Holdings, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 460,560.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 460,560.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

460,560.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.86 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. G3037D105

1

Names of Reporting Persons

AQR Arbitrage, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 460,560.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 460,560.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

460,560.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.86 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Emmis Acquisition Corp.
(b)	Address of issuer's principal executive offices: 515 E LAS OLAS BLVD, SUITE 120, FORT LAUDERDALE, FLORIDA 33301
Item 2.
(a)	Name of person filing: AQR Capital Management, LLC AQR Capital Management Holdings, LLC AQR Arbitrage, LLC
(b)	Address or principal business office or, if none, residence: ONE GREENWICH PLAZA SUITE 130 Greenwich, Connecticut 06830
(c)	Citizenship: AQR Capital Management, LLC - UNITED STATES AQR Capital Management Holdings, LLC - UNITED STATES AQR Arbitrage, LLC - UNITED STATES
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP No.: G3037D105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 460,560
(b)	Percent of class: 3.86 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0 AQR Arbitrage, LLC - 0
	(ii) Shared power to vote or to direct the vote: AQR Capital Management, LLC - 460,560 AQR Capital Management Holdings, LLC - 460,560 AQR Arbitrage, LLC - 460,560
	(iii) Sole power to dispose or to direct the disposition of: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0 AQR Arbitrage, LLC - 0
	(iv) Shared power to dispose or to direct the disposition of: AQR Capital Management, LLC - 460,560 AQR Capital Management Holdings, LLC - 460,560 AQR Arbitrage, LLC - 460,560
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Item 2(a) above.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

AQR Capital Management, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	02/11/2026

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	02/11/2026

AQR Arbitrage, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	02/11/2026

Exhibit Information

AQR Capital Management Holdings, LLC, AQR Capital Management, LLC, and AQR Arbitrage, LLC hereby agree that this Schedule 13G is filed on behalf of each of the parties. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC. AQR Arbitrage, LLC is deemed to be controlled by AQR Capital Management, LLC.

FAQ

What stake in Emmis Acquisition Corp. (EMIS) does AQR report?

AQR reports beneficial ownership of 460,560 Class A ordinary shares of Emmis Acquisition Corp., representing 3.86% of that share class. This ownership is reported jointly by AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC in an amended Schedule 13G filing.

Which AQR entities are reporting ownership in Emmis Acquisition Corp. (EMIS)?

The reporting entities are AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC is deemed controlled by AQR Capital Management, LLC.

How much voting power does AQR have over EMIS Class A shares?

The AQR entities report shared voting power over 460,560 Class A ordinary shares and no sole voting power. They also report shared dispositive power over the same 460,560 shares, indicating joint authority regarding how these shares are voted and potentially disposed of.

Does AQR intend to influence control of Emmis Acquisition Corp. (EMIS)?

No. AQR certifies the securities were acquired and are held in the ordinary course of business, not to change or influence control of Emmis Acquisition Corp. They also state the holdings are not part of any transaction designed to affect control, aside from permitted nomination activities.

Why did AQR file an amended Schedule 13G/A for EMIS?

The amended Schedule 13G/A reflects AQR’s beneficial ownership of 460,560 Class A ordinary shares, or 3.86% of the class, as of December 31, 2025. The filing updates ownership information and confirms the holdings are below 5% and held without a control-seeking purpose.

What percentage of Emmis Acquisition Corp. (EMIS) does AQR own relative to key thresholds?

AQR reports holding 3.86% of Emmis Acquisition Corp.’s Class A ordinary shares. This level is below the 5% threshold that typically triggers initial Schedule 13D or 13G filings, and the filing notes ownership of 5 percent or less of the class.