EMIS · Emmis Acquisition Corp. · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“Management believes that the Company has sufficient funds to meet its working capital needs through the mandatory liquidation date. However, because the Company is required to complete its initial Business Combination or obtain an extension of the Combination Period by March 26, 2027, which falls within one year from the date these condensed financial statements are issued, or otherwise cease operations and liquidate, management has concluded that substantial doubt exists about the Company's ability to continue as a going concern. The accompanying condensed financial statements do not include any adjustments that might result from the outcome of this uncertainty.”View the 10-Q filed Aug 6, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-09-25 | Emmis Capital Sponsor LLC |
10% Owner |
Other↓
Filing footnotes — Class B Ordinary Shares (Direct)
Represents 11,667 Class B ordinary shares of Emmis Acquisition Corp. (the "Issuer") transferred by Emmis Capital Sponsor LLC (the "Sponsor") to Kenneth C. Greenberg on September 25, 2026, in connection with Mr. Greenberg's appointment as a director of the Issuer. The shares were transferred for no cash consideration and are subject to the same transfer restrictions applicable to the other Class B ordinary shares held by the Sponsor. Represents Class B ordinary shares held directly by the Sponsor following the reported transaction. Prior to the reported transaction, the Sponsor held 3,833,333 Class B ordinary shares. Peter Goldstein is the managing member of the Sponsor and may be deemed to have beneficial ownership of the securities held by the Sponsor. Mr. Goldstein disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. The Sponsor also beneficially owns 310,000 Class A ordinary shares and 310,000 rights to receive Class A ordinary shares upon consummation of the Issuer's initial business combination. |
Class B Ordinary Shares
|
11,667 |
| 2026-09-25 | Greenberg Kenneth C. |
Director |
Other↑
Filing footnotes — Class B Ordinary Shares (Direct)
Represents 11,667 Class B ordinary shares of Emmis Acquisition Corp. (the "Issuer") transferred to the reporting person by Emmis Capital Sponsor LLC (the "Sponsor") on September 25, 2026, in connection with the reporting person's appointment as a director of the Issuer. The shares were transferred for no cash consideration and are subject to the same transfer restrictions applicable to the other Class B ordinary shares held by the Sponsor. |
Class B Ordinary Shares
|
11,667 |
| 2025-09-26 | Emmis Capital Sponsor LLC |
10% Owner |
Buy↑
Filing footnotes — Class A Ordinary Shares (Direct)
Reflects the 310,00 class A ordinary shares of Emmis Acquisition Corp. (the "Issuer") that are included in the 310,000 private placement units of the Issuer purchased by Emmis Capital Sponsor LLC ("Sponsor"). Each private placement unit was purchased for $10 per unit and consists of one Class A ordinary share and one right to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination. |
Class A Ordinary Shares
|
310,000 |
| 2025-09-26 | Emmis Capital Sponsor LLC |
10% Owner |
Buy↑
Filing footnotes — Rights to receive Class A Ordinary Shares (Direct)
Represents the 31,000 Class A ordinary shares, which may be acquired by Sponsor upon the conversion of 310,000 rights (included in the Sponsor's private placement units) upon consummation of the registrant's initial business combination. As described in the Registration Statement under the heading "Description of Securities-Share Rights," each right will automatically convert into one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination, subject to certain adjustments described therein and have no expiration date. No fractional Class A ordinary shares will be issued upon conversion of such rights. Represents (i) the 310,000 rights referred to in footnotes 1 and 3 and (ii) 3,833,333 Class B ordinary shares held by the Sponsor acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor. |
Rights to receive Class A Ordinary Shares
|
310,000 |