Emmis Acquisition Corp.’s (NASDAQ:EMISU) Lock-Up Period Will Expire Tomorrow

Emmis Acquisition’s (NASDAQ:EMISU) lock-up period is set to end on Tuesday, March 24th. Emmis Acquisition had issued 10,000,000 shares in its public offering on September 25th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Emmis Acquisition Stock Performance

Shares of Emmis Acquisition stock opened at $10.04 on Monday. Emmis Acquisition has a 1-year low of $9.98 and a 1-year high of $11.11. The stock’s fifty day simple moving average is $10.04.

Institutional Trading of Emmis Acquisition

Several hedge funds have recently bought and sold shares of EMISU. Virtu Financial LLC bought a new position in shares of Emmis Acquisition in the third quarter worth about $565,000. Schonfeld Strategic Advisors LLC purchased a new stake in Emmis Acquisition in the 3rd quarter worth approximately $867,000. DLD Asset Management LP bought a new stake in Emmis Acquisition during the 3rd quarter worth approximately $998,000. Deltec Asset Management LLC bought a new stake in Emmis Acquisition during the 3rd quarter worth approximately $998,000. Finally, Yakira Capital Management Inc. purchased a new position in Emmis Acquisition during the third quarter valued at approximately $1,255,000.

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.