Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our equity securities trade on the Nasdaq Global
Market. The ordinary shares and rights are trading on the Nasdaq Global Market under the symbols “EMIS” and “EMISR,”
respectively.
Holders of Record
On March 27, 2026, there were 4 holders of record
of our ordinary shares and 1 holder of record of our rights. Such numbers do not include beneficial owners holding our securities through
nominee names.
Dividends
We have not paid any cash dividends on our ordinary
shares to date and do not intend to pay cash dividends prior to the completion of our initial business combination.
The payment of any dividends subsequent to a business
combination will be within the discretion of our board of directors at such time and we will only pay such dividend out of our profits
or share premium (subject to solvency requirements) as permitted under Cayman Islands Law. It is the present intention of our board of
directors to retain all earnings, if any, for use in our business operations and, accordingly, our board of directors does not anticipate
declaring any dividends in the foreseeable future. In addition, our board of directors is not currently contemplating and does not anticipate
declaring any share dividends in the foreseeable future. Further, the ability to pay such dividends in kind at the combined company’s
option may result in dilution to existing shareholders. If we incur any indebtedness in connection with our initial business combination,
our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.
Use of Proceeds
from our IPO
On September 26, 2025, we consummated our IPO
of 11,500,000 units at $10.00 per unit, each unit consisting of one ordinary share and one right entitling the holder thereof to receive
one-tenth of one ordinary share upon the completion of our initial business combination, generating gross proceeds of $115,000,000. Simultaneously
with the closing of the IPO, we consummated the sale of 367,500 private placement units at a price of $10.00 per unit in a private placement
to the sponsor and I-Bankers, generating gross proceeds of $3,675,000. Following the closings of the IPO and the private placement on
September 26, 2025, an aggregate amount of $115,000,000 ($10.00 per unit) from the net proceeds of the sale of the public units, and a
portion of the net proceeds from the sale of the private placement units, was placed in the Trust Account and held in demand deposit or
cash accounts or invested only in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company
Act, with a maturity of 185 days or less, or in any open-ended investment company that holds itself out as a money market fund investing
solely in U.S. Treasuries and meeting certain conditions under Rule 2a-7 of the Investment Company Act, as determined by the Company,
until the earlier of (i) the completion of a business combination and (ii) the distribution of the funds in the Trust Account to the Company’s
shareholders. Transaction costs amounted to $2,316,412, consisting of $1,725,000 of cash underwriting fee and $591,412 of other offering
costs.
For a description of the use of the proceeds generated
in our IPO, see Part II, Item 7 of this Annual Report.
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ITEM
6. [RESERVED]