ESH Acquisition Corp.ESHA
Cash in trust
$8.5M
$8,548,921
Trust per share
$10.68
Redemption value
IPO
Jun 2023
$115.0M raised
Combination deadline
—
Not disclosed
Filings on record
73
Latest May 11, 2026
Overview
ESH Acquisition Corp. is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001918661. It completed its initial public offering in Jun 2023, raising $115.0M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker ESHA, rights under ESHAR on Nasdaq. The vehicle is sponsored by ESH through ESH Sponsor LLC. The mandate targets media & entertainment, real estate. Deadline lapsed without a deal; trust returned to public shareholders.
“we intend to focus our search on businesses that are focused on the global entertainment, sports and hospitality sectors.”
Reading the filings
Arithmetic on what ESH Acquisition Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $10.68 per public share, 6.8% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Sponsor promote
The sponsor's founder block is 2,875,000 shares against 11,500,000 public shares, or 20.0% of the combined count, acquired before the IPO at nominal cost. That promote is the structural dilution every public shareholder carries into a combination, and it is why the economics of a de-SPAC differ so sharply from a conventional IPO.
Underwriting
I-Bankers Securities led the offering. It has been named on 54 SPAC IPOs, book-running 20 of them, and 20.8% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
SEC filing history
Free tier: filings older than 24 hours- 15-12G
Deregistration of securities
Accession 0001213900-26-054632
- 25-NSE
Notification of delisting
Accession 0001354457-26-000397
- 8-K
Notice of delisting or failure to satisfy a listing rule; Other events
Items 3.01, 8.01, 9.01 · Accession 0001213900-26-047075
- NT 10-K
Late annual report notification
Accession 0001213900-26-038594
- 8-K
Entry into a material definitive agreement; Submission of matters to a vote of security holders; Other events
Items 1.01, 5.03, 5.07, 8.01, 9.01 · Accession 0001213900-25-119270
- DEF 14A
Definitive proxy statement
Accession 0001213900-25-113110
- 10-Q
Quarterly report
Accession 0001213900-25-111203
- NT 10-Q
Late quarterly report notification
Accession 0001213900-25-111074
- PRE 14A
PROXY STATEMENT
Accession 0001213900-25-108245
- 8-K
Notice of delisting or failure to satisfy a listing rule
Item 3.01 · Accession 0001213900-25-106157
- 425
Business-combination communication
Accession 0001213900-25-089594
- 8-K
Entry into a material definitive agreement
Items 1.01, 9.01 · Accession 0001213900-25-089590
- 425
Business-combination communication
Accession 0001213900-25-087829
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-25-087827
- 10-Q
Quarterly report
Accession 0001213900-25-078588
- NT 10-Q
Late quarterly report notification
Accession 0001213900-25-075702
- 10-Q
Quarterly report
Accession 0001213900-25-045554
- NT 10-Q
Late quarterly report notification
Accession 0001213900-25-043288
- 8-K
Notice of delisting or failure to satisfy a listing rule
Item 3.01 · Accession 0001213900-25-032972
- 10-K
Annual report
Accession 0001213900-25-028758
- NT 10-K
Late annual report notification
Accession 0001213900-25-026440
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001085146-25-001314
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000950170-25-019663
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001085146-25-001245
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001085146-25-001227
- 8-K
Entry into a material definitive agreement; Submission of matters to a vote of security holders; Other events
Items 1.01, 3.03, 5.03, 5.07, 8.01, 9.01 · Accession 0001213900-24-106221
- 10-Q
Quarterly report
Accession 0001213900-24-097733
- SC 13G/A
SC 13G/A
Accession 0001193125-24-257402
- SC 13G/A
Amended beneficial ownership report (passive)
Accession 0001085146-24-005677
- SC 13G
COWEN AND COMPANY, LLC
Accession 0001085146-24-005596
ESH Acquisition Corp.: questions answered
What is ESH Acquisition Corp. (ESHA)?
ESH Acquisition Corp. is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001918661. It completed its initial public offering in Jun 2023, raising $115.0M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker ESHA, rights under ESHAR on Nasdaq. The vehicle is sponsored by ESH through ESH Sponsor LLC. The mandate targets media & entertainment, real estate. Deadline lapsed without a deal; trust returned to public shareholders.
How much does ESH Acquisition Corp. hold in trust?
Approximately $8,548,921, or about $10.68 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must ESH Acquisition Corp. complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if ESH Acquisition Corp. does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in ESH Acquisition Corp., and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.68 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does ESH Acquisition Corp. trade under?
Class A shares trade as ESHA on Nasdaq, with rights as ESHAR. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for ESH Acquisition Corp.?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
How much dilution do ESH Acquisition Corp.'s founder shares and warrants create?
The founder block is 2,875,000 shares against 11,500,000 public shares, so roughly 20.0% of the combined count sits with the sponsor at nominal cost. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors ESH Acquisition Corp., and what is their track record?
ESH Sponsor LLC is the sponsor entity, part of the ESH franchise. This is the only vehicle we have attributed to that sponsor.
Which banks underwrote the ESH Acquisition Corp. IPO?
I-Bankers Securities, IB Capital, Dawson James. I-Bankers Securities and Dawson James were credited as book-running managers on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is ESH Acquisition Corp. a good investment?
That is not a question this site answers. ESH Acquisition Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this ESH Acquisition Corp. data come from?
Filings ESH Acquisition Corp. submitted to the SEC under CIK 0001918661: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Sep 4, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
ESH: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
I-Bankers Securities in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Media & Entertainment SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All liquidated spacs
Deadline lapsed without a deal; trust returned to public shareholders.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.