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Emmis Acquisition sets Oct 22 Nasdaq unit separation for EMIS, EMISR

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Emmis Acquisition Corp. announced a mandatory unit separation. Effective October 22, 2025, its units will cease trading, and the underlying securities will trade separately on The Nasdaq Global Market: Class A ordinary shares under EMIS and rights under EMISR. The company stated no action is required by holders for this automatic separation.

Each right entitles the holder to receive one‑tenth of one Class A ordinary share upon the consummation of the initial business combination. The company furnished a press release as Exhibit 99.1 providing additional details.

Positive

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Negative

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Insights

Administrative unit split; trading shifts to EMIS and EMISR on Oct 22.

This is a standard SPAC milestone: units stop trading and the components begin trading separately. Shares list as EMIS and rights as EMISR on Nasdaq, which can help investors value each instrument independently.

The mechanics are straightforward—separation is mandatory and automatic, requiring no holder action. Rights represent a claim to one‑tenth of a Class A share upon completion of the initial business combination. Actual market impact depends on trading activity after October 22, 2025.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): October 15, 2025

 

Emmis Acquisition Corp.

(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-42861   98-1886130

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

 

515 E Las Olas Blvd, Suite 120, Fort Lauderdale, Florida 33301

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: 201-282-6717

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange
on which registered
Units, each consisting of one Class A ordinary share and one right   EMISU   The NASDAQ Stock Market LLC
Class A ordinary shares, par value $0.0001 per share   EMIS   The NASDAQ Stock Market LLC
Rights, each right entitling the holder to receive one-tenth (1/10) of one Class A ordinary share upon the consummation of the initial business combination   EMISR   The NASDAQ Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

Item 8.01. Other Events.

 

On October 15, 2025, Emmis Acquisition Corp. (the “Company’) issued a press release announcing that, effective 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 under the symbols “EMIS” and “EMISR”, respectively. The unit separation is mandatory and automatic, and no action is required by holder of units.

 

A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

The following exhibits are being filed herewith:

 

Exhibit No.   Description
   
99.1   Press Release, dated October 15, 2025.
   
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Emmis Acquisition Corp.
     
  By: /s/ Peter Goldstein
    Name:  Peter Goldstein
    Title: Chief Executive Officer
Dated: October 15, 2025    

 

 

2

 

 

FAQ

What did Emmis Acquisition Corp. (EMISU) announce?

The company will separate its units, ending unit trading and beginning separate trading of Class A shares (EMIS) and rights (EMISR).

When does the EMISU unit separation take effect?

The change is effective on October 22, 2025.

Which tickers will trade after the separation?

Class A ordinary shares will trade as EMIS and rights will trade as EMISR on The Nasdaq Global Market.

Do EMISU unit holders need to take any action?

No. The unit separation is mandatory and automatic; no action is required by holders.

What does each right (EMISR) represent?

Each right entitles the holder to receive one‑tenth (1/10) of one Class A ordinary share upon the consummation of the initial business combination.

Where can I find more details about the change?

A press release is furnished as Exhibit 99.1 with the filing.
EMMIS ACQUISITION CORP.

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