Emmis Acquisition Corp. (EMIS) Form 10-Q — May 14, 2026
Emmis Acquisition Corp. filed its Form 10-Q for the quarter ended March 31, 2026, reporting net income of $973,234 driven primarily by $1.14 million in interest earned on its trust account. The company holds $117.3 million in the trust account and $782,141 in operating cash, with no operating revenues generated as it remains in the pre-business combination phase. The SPAC incurred $165,489 in general and administrative expenses during the quarter, including $30,000 in fees paid to an affiliate of the sponsor for office space and administrative support.
Key figures
- Net Income
- 973234
- Total Assets
- 118322369
- Cash Position
- 782141
- Operating Costs
- 165489
- Interest Income Trust
- 1138723
- Trust Account Balance
- 117288329
- Working Capital Surplus
- 909050
- Class AShares Outstanding
- 11942500
- Class BShares Outstanding
- 3833333
Price after filing
Close on the filing date to close N calendar days later (from $10.10). Historical, not a forecast.
AI analysis
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