$EMIS

Emmis Acquisition Corp.

CIK:0002075816|SEC Filings
v3.26.1
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2025
Jun. 30, 2026
General and administrative costs $ 142,151 $ 22,780 $ 22,780 $ 307,640
Loss from operations (142,151) (22,780) (22,780) (307,640)
Other income:        
Interest earned on cash and marketable securities held in Trust Account 891,039 2,029,762
Other income 891,039 2,029,762
Net Income (loss) $ 748,888 $ (22,780) $ (22,780) $ 1,722,122
Class A Ordinary Shares        
Other income:        
Basic weighted average shares outstanding 11,942,500 11,942,500
Diluted weighted average shares outstanding 11,942,500 11,942,500
Basic net income (loss) per ordinary share $ 0.05 $ 0.11
Diluted net income (loss) per ordinary share $ 0.05 $ 0.11
Class B Ordinary Shares        
Other income:        
Basic weighted average shares outstanding [1],[2] 3,833,333 3,333,333 3,333,333 3,833,333
Diluted weighted average shares outstanding [1],[2] 3,833,333 3,333,333 3,333,333 3,833,333
Basic net income (loss) per ordinary share $ 0.05 $ (0.01) $ (0.01) $ 0.11
Diluted net income (loss) per ordinary share $ 0.05 $ (0.01) $ (0.01) $ 0.11
[1] Represents 500,000 Class B ordinary shares that were subject to forfeiture if the over-allotment option was not exercised by the underwriters. These shares were excluded from weighted average shares outstanding for purposes of basic net income per share prior to the Initial Public Offering. Upon the full exercise of the over-allotment option on September 26, 2025, such shares were no longer subject to forfeiture and have been treated as issued and outstanding from the IPO date. The impact of these shares is included in diluted net income per share, as applicable (Note 5).
[2] This number has been retroactively adjusted to reflect the recapitalization of the Company in the form of the cancellation of 1 Class B ordinary share and the subsequent issuance of 3,833,333 Class B ordinary shares on June 27, 2025 (Note 5).