Emmis Acquisition Corp. reported results for the first quarter of 2026, recording net income of $973234 and diluted earnings per Class A ordinary share of $0.06. The special-purpose acquisition company continued pre-deal operating activity in the period while trust funds generated interest income to support its acquisition search.
Financial Highlights
- Net income was $973,234 for Q1 2026.
- Diluted earnings per share was $0.06 for Q1 2026 (basic and diluted per Class A ordinary share).
Business Highlights
- Emmis Acquisition is a blank-check (SPAC) formed to identify and complete an initial business combination; it has no operations or revenues to date.
- IPO and private placement proceeds remain held in a trust to finance a potential acquisition and post-combination operations; interest income on trust funds supports the search.
- Management continued target identification, due diligence and public‑company compliance work, with cash outside the trust used for diligence, travel and transaction expenses.
Original SEC Filing:
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