Yakira Capital Management Inc. Takes $1.25 Million Position in Emmis Acquisition Corp. $EMIS

Yakira Capital Management Inc. acquired a new stake in Emmis Acquisition Corp. (NASDAQ:EMIS) in the fourth quarter, HoldingsChannel reports. The fund acquired 125,722 shares of the company’s stock, valued at approximately $1,251,000.

Several other hedge funds and other institutional investors have also modified their holdings of EMIS. ABC Arbitrage SA bought a new stake in shares of Emmis Acquisition during the 4th quarter worth about $398,000. DLD Asset Management LP bought a new stake in shares of Emmis Acquisition during the 4th quarter worth about $1,051,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Emmis Acquisition during the 4th quarter worth about $1,097,000. Gabelli Funds LLC bought a new stake in shares of Emmis Acquisition during the 4th quarter worth about $1,343,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Emmis Acquisition during the 4th quarter worth about $1,563,000.

Emmis Acquisition Price Performance

Shares of EMIS stock opened at $10.15 on Monday. The business’s 50-day moving average is $10.10. Emmis Acquisition Corp. has a 52 week low of $9.90 and a 52 week high of $10.15.

About Emmis Acquisition

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.