Emmis Acquisition Corp. closes $115M IPO and $3.675M private placement; trust funded.

Emmis Acquisition Corp.

IPO of 11,500,000 units at $10.00 per unit, including full over-allotment exercise; gross proceeds $115,000,000.
Private placement of 367,500 units at $10.00 per unit to sponsor and designees for $3,675,000.
Net proceeds of $115,000,000 placed in trust with Equiniti Trust Company LLC, held in cash.
Transaction costs $2,316,412; working capital retained outside trust totals $1,421,436.
Company must complete a business combination within 18 months or liquidate; public shares redeemable at $10.00.

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