Aristeia Capital L.L.C. Takes Position in Emmis Acquisition Corp. $EMIS

Aristeia Capital L.L.C. purchased a new stake in Emmis Acquisition Corp. (NASDAQ:EMIS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 560,246 shares of the company’s stock, valued at approximately $5,574,000.

Other hedge funds have also added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new stake in Emmis Acquisition during the 4th quarter worth approximately $4,876,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Emmis Acquisition in the 4th quarter valued at $1,563,000. Yakira Capital Management Inc. bought a new stake in shares of Emmis Acquisition in the 4th quarter valued at $1,251,000. Periscope Capital Inc. bought a new stake in shares of Emmis Acquisition in the 4th quarter valued at $3,049,000. Finally, Mint Tower Capital Management B.V. bought a new stake in shares of Emmis Acquisition in the 4th quarter valued at $4,975,000.

Emmis Acquisition Price Performance

Shares of EMIS stock opened at $10.12 on Thursday. The company’s fifty day simple moving average is $10.11. Emmis Acquisition Corp. has a 12 month low of $9.90 and a 12 month high of $10.15.

Emmis Acquisition 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.