Emmis Acquisition Corp. closes $115M IPO, units begin trading on Nasdaq

Emmis Acquisition Corp.

IPO of 11.5M units at $10/unit resulted in gross proceeds of $115M; over-allotment fully exercised.
Each unit consists of one Class A ordinary share and one right to receive 1/10 share upon business combination.
Proceeds of $115M placed in trust account, to be released only upon initial business combination or liquidation within 24 months.
Private placement of 367,500 units at $10/unit to sponsor and underwriter; 75,000 Representative Shares issued to I-Bankers.
Management targets industrial services, manufacturing, transportation, distribution, and technology sectors.

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