ESHAR

ESHAR represents rights issued by ESH Acquisition Corp., entitling holders to receive a fraction of a share or warrant upon the completion of the company's initial business combination. These derivative securities are often distributed to SPAC shareholders as part of the unit structure in the initial public offering. Rights typically convert into equity or warrants at predetermined ratios when the SPAC completes its merger with a target company. The trading value of rights reflects market expectations about the likelihood and terms of a successful business combination.