Yakira Capital Management Inc. Buys New Shares in Emmis Acquisition Corp. $EMIS

Yakira Capital Management Inc. bought a new stake in Emmis Acquisition Corp. (NASDAQ:EMIS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 125,722 shares of the company’s stock, valued at approximately $1,251,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Clear Street Group Inc. bought a new position in Emmis Acquisition in the fourth quarter valued at $2,485,000. Westchester Capital Management LLC bought a new position in Emmis Acquisition in the fourth quarter valued at $1,738,000. Berkley W R Corp bought a new position in Emmis Acquisition in the fourth quarter valued at $2,950,000. DLD Asset Management LP bought a new position in Emmis Acquisition in the fourth quarter valued at $1,051,000. Finally, Hudson Bay Capital Management LP bought a new position in Emmis Acquisition in the fourth quarter valued at $2,985,000.

Emmis Acquisition Price Performance

Emmis Acquisition stock opened at $10.15 on Monday. Emmis Acquisition Corp. has a 1-year low of $9.90 and a 1-year high of $10.15. The company has a fifty day simple moving average of $10.10.

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.