<span item_type="fundamental" item_id="788fcbf6305eb9e22a8d2bff2423ea8a" counter_id="ST/US/EMISR" env="prod"></span><span item_type="announcement" item_id="648378400870440321" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 0.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.06.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -1.304 M.</p><p></p><p>Emmis Acquisition Corp. operates as a single reportable segment <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2075816/000121390026056665/ea0290020-10q_emmis.htm"></span>.</p><h4>Operational Metrics</h4><p>For the three months ended March 31, 2026, Emmis Acquisition Corp. reported a net income of $973,234, driven by $1,138,723 in interest income from cash and marketable securities in the Trust Account, offset by operating costs of $165,489 . In comparison, for the period from its inception on March 21, 2025, through March 31, 2025, the company reported a net loss of $0, with $0 in operating costs and $0 in interest income .</p><h4>Cash Flow</h4><p>Cash used in operating activities for the three months ended March 31, 2026, was - $162,487 . This figure resulted from a net income of $973,234, adjusted by - $1,138,723 for interest earned on cash and marketable securities in the Trust Account, and changes in operating assets and liabilities that provided $3,002 in cash . For the period from inception on March 21, 2025, through March 31, 2025, cash provided by operating activities was $0 .</p><h4>Trust Account and Capital Resources</h4><p>Following its Initial Public Offering (IPO) and the full exercise of the over-allotment option, Emmis Acquisition Corp. placed $115,000,000 into its Trust Account . IPO-related costs amounted to $2,316,412, including a $1,725,000 cash underwriting fee and $591,412 in other offering costs . As of March 31, 2026, marketable securities held in the Trust Account totaled $117,288,329, which included approximately $1,138,723 of interest income . The company held $782,141 in cash outside the Trust Account as of the same date .</p><h4>Future Outlook and Strategy</h4><p>Emmis Acquisition Corp. plans to pursue an initial business combination using proceeds from its IPO, the sale of Private Placement Units, its shares, debt, or a combination thereof . The company expects to incur significant costs in its acquisition plans and will not generate operating revenues until after completing a business combination . Substantially all funds in the Trust Account, including interest earned (less taxes), are intended for the business combination, while funds outside the Trust Account will be used to identify and evaluate target businesses, conduct due diligence, and finalize a business combination .</p>

EMMIS ACQUISITION CORP. ORD USD0.0001 (S/R 12/09/2030) | 10-Q: FY2026 Q1 Revenue: USD 0