100,000 Shares in Emmis Acquisition Corp. $EMIS Bought by Sona Asset Management US LLC

Sona Asset Management US LLC bought a new stake in Emmis Acquisition Corp. (NASDAQ:EMIS) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 100,000 shares of the company’s stock, valued at approximately $1,005,000.

A number of other institutional investors have also recently added to or reduced their stakes in EMIS. Virtu Financial LLC acquired a new stake in Emmis Acquisition during the fourth quarter worth about $178,000. Polar Asset Management Partners Inc. purchased a new position in shares of Emmis Acquisition in the 4th quarter worth about $249,000. ABC Arbitrage SA acquired a new position in shares of Emmis Acquisition in the 4th quarter valued at about $398,000. Boothbay Fund Management LLC acquired a new position in shares of Emmis Acquisition in the 4th quarter valued at about $418,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Emmis Acquisition during the 4th quarter worth about $597,000.

Emmis Acquisition Price Performance

Shares of Emmis Acquisition stock opened at $10.19 on Monday. The business’s fifty day simple moving average is $10.15. Emmis Acquisition Corp. has a twelve month low of $9.90 and a twelve month high of $10.19.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Emmis Acquisition in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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.