Emmis Acquisition Corp.’s Lock-Up Period To Expire on March 24th (NASDAQ:EMISU)

Emmis Acquisition’s (NASDAQ:EMISU) lock-up period will end on Tuesday, March 24th. Emmis Acquisition had issued 10,000,000 shares in its IPO on September 25th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Emmis Acquisition Trading Up 0.2%

Shares of EMISU opened at $10.04 on Tuesday. Emmis Acquisition has a 52 week low of $9.98 and a 52 week high of $11.11. The business has a 50-day moving average of $10.04.

Institutional Trading of Emmis Acquisition

A number of hedge funds have recently bought and sold shares of EMISU. Deltec Asset Management LLC acquired a new stake in Emmis Acquisition during the third quarter worth about $998,000. Wolverine Asset Management LLC acquired a new stake in shares of Emmis Acquisition during the 3rd quarter worth about $4,176,000. Highbridge Capital Management LLC purchased a new stake in shares of Emmis Acquisition in the 3rd quarter valued at approximately $2,196,000. Context Capital Management LLC acquired a new position in Emmis Acquisition during the third quarter worth $2,996,000. Finally, ATW Spac Management LLC purchased a new position in Emmis Acquisition during the 3rd quarter valued at about $1,747,000.

Emmis Acquisition Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.