Emmis Capital Sponsor LLC - Sep 24, 2025 Form 3 Insider Report for Emmis Acquisition Corp. (EMIS)

Role: 10%+ Owner
Signature: /s/ Peter Goldstein Authorized Signatory of Emmis Capital Sponsor LLC
Stock symbol: EMIS
Transactions as of: Sep 24, 2025
Transactions value $: $0
Form type: 3
Date filed: 9/25/2025, 10:53 AM
Next filing: Sep 30, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Emmis Capital Sponsor LLC	10%+ Owner	C/O EMMIS ACQUISITION CORP., 515 E LAS OLAS BLVD, SUITE 120, FORT LAUDERDALE	/s/ Peter Goldstein Authorized Signatory of Emmis Capital Sponsor LLC	2025-09-25	0002075117

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	EMIS	Class B Ordinary Shares							Sep 24, 2025	Class A Ordinary Shares	3.83M		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As described in the registration statement on Form S-1 (File No. 333-288530) of Emmis Acquisition Corp. (the "Issuer") under the heading "Description of Securities-Founder Shares," the Class B ordinary shares ("Founder Shares") will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.
F2	These shares represent the Founder Shares held by Emmis Capital Sponsor LLC (the "Sponsor"). The Founder Shares include up to 500,000 shares that are subject to forfeiture in the event the underwriters of the Issuer's initial public offering do not exercise in full their over-allotment option as described in the Issuer's registration statement. Peter Goldstein is the sole managing member of the Sponsor and holds voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. As such, each of the Sponsor and Peter Goldstein may be deemed to share beneficial ownership of the ordinary shares held of record by the Sponsor and each disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly

Content

As described in the registration statement on Form S-1 (File No. 333-288530) of Emmis Acquisition Corp. (the "Issuer") under the heading "Description of Securities-Founder Shares," the Class B ordinary shares ("Founder Shares") will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.

These shares represent the Founder Shares held by Emmis Capital Sponsor LLC (the "Sponsor"). The Founder Shares include up to 500,000 shares that are subject to forfeiture in the event the underwriters of the Issuer's initial public offering do not exercise in full their over-allotment option as described in the Issuer's registration statement. Peter Goldstein is the sole managing member of the Sponsor and holds voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. As such, each of the Sponsor and Peter Goldstein may be deemed to share beneficial ownership of the ordinary shares held of record by the Sponsor and each disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly