Emmis Acquisition Corp (EMIS) is a blank-check special purpose acquisition company (SPAC) incorporated to identify and complete a merger or acquisition with a private operating business. It generates no operating revenue. The company raised $115,000,000 through its IPO, which closed September 24, 2025, with those proceeds held in a U.S.-based trust account maintained by Equiniti Trust Company LLC as trustee. An additional $3,675,500 from the sale of private placement units was placed into working capital. Trust funds are restricted until the earlier of completing an initial business combination, shareholder redemption, or the deadline set by the board within 24 months of IPO closing. The company was incorporated on March 21, 2025 (inception). Peter Goldstein serves as CEO and David Lowenstein as CFO, as of the 10-K filed March 27, 2026. The sponsor is Emmis Capital Sponsor LLC, with I-Bankers Securities, Inc. serving as a private placement counterparty.

Revenue model

No operating revenue. Capital is sourced from IPO proceeds and private placement units, held in trust, and deployed upon completion of an initial business combination.

Products and services

Blank-check SPAC vehicle seeking an initial business combination with a private target business. No products or services are sold.

Customers and end markets

No customers or end markets. The structure serves IPO investors holding public shares and the sponsor, Emmis Capital Sponsor LLC.

Value-chain role

Capital aggregator and acquisition vehicle. Holds $115,000,000 in trust (as of IPO closing September 24, 2025) pending identification and completion of an initial business combination.

Geographic exposure

U.S.-based trust account. The filing does not specify a target geographic market for acquisition.

Source: SEC 10-K, filed 2026-03-27

Industry: Blank Checks