Eureka Acquisition Corp(EURK)

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Eureka Acquisition Corp Announces Revised Contribution to Trust Account and Terms and Conditions in Connection with Proposed Charter Amendment
Globenewswireยท 2025-06-25 23:47
Core Points - Eureka Acquisition Corp is holding an Extraordinary General Meeting on June 30, 2025, to discuss a Charter Amendment Proposal that allows the company until July 3, 2025, to complete a business combination, with the option to extend this period up to 12 months [1][2] Group 1 - The Charter Amendment Proposal allows for a total of 12 one-month extensions, potentially extending the deadline to July 3, 2026 [2] - The record date for shareholders entitled to vote at the Extraordinary General Meeting is May 23, 2025, and shareholders can vote even if they have sold their shares after this date [2][3] - The revised terms include a new Monthly Extension Fee of $150,000 for each extension, compared to the previously proposed fee structure [6] Group 2 - If the Revised Monthly Extension Fee is not deposited by the third day of each month starting July 3, 2025, the company has a 30-day Cure Period to make the payment, failing which it will cease operations and liquidate [6] - The company will not withdraw any amount from the trust account to cover dissolution expenses [6] - Eureka Acquisition Corp is a blank check company, also known as a SPAC, designed to effect a business combination with one or more businesses [7]
Eureka Acquisition Corp Announces Postponement of the Extraordinary General Meeting to June 30, 2025 and Extension of Redemption Request Deadline
Globenewswireยท 2025-06-23 20:04
Core Points - The Extraordinary General Meeting of Eureka Acquisition Corp has been postponed from June 25, 2025, to June 30, 2025, to allow more time for shareholder engagement [1] - The meeting will consider a proposal to amend the Company's charter to extend the deadline for completing a business combination to July 3, 2026, with the option to extend up to twelve times, each by one month [2] - The record date for shareholders entitled to vote remains May 23, 2025, and shareholders can vote even if they have sold their shares after this date [3] Summary of Key Information - The deadline for redemption requests from shareholders has been extended to June 26, 2025, due to the postponement [4] - There are no changes to the location, record date, or other proposals for the Extraordinary General Meeting [5] - Eureka Acquisition Corp is a blank check company, also known as a SPAC, aimed at effecting business combinations [6]
Eureka Acquisition Corp Announces Postponement of the Extraordinary General Meeting to June 25, 2025 and Extension of Redemption Request Deadline
Globenewswireยท 2025-06-18 13:24
Core Viewpoint - Eureka Acquisition Corp has postponed its Extraordinary General Meeting to allow more time for shareholder engagement [1] Group 1: Meeting Details - The Extraordinary General Meeting is rescheduled from June 20, 2025, to June 25, 2025, to consider proposals including an amendment to extend the business combination deadline to July 3, 2026 [1][2] - The record date for determining eligible shareholders remains May 23, 2025, allowing those who sold shares after this date to still vote [3] - The deadline for redemption requests has been extended to June 23, 2025, allowing shareholders to withdraw their requests before the postponed meeting [4] Group 2: Company Information - Eureka Acquisition Corp is a blank check company, also known as a SPAC, aimed at effecting mergers or similar business combinations [6]
Eureka Acquisition Corp Announces the Redemption Request Deadline as June 17, 2025 for the Upcoming Extraordinary General Meeting to be Held on June 20, 2025
GlobeNewswire News Roomยท 2025-06-05 20:00
Core Points - Eureka Acquisition Corp has set June 17, 2025, as the deadline for shareholders to submit redemption requests ahead of the Extraordinary General Meeting scheduled for June 20, 2025 [1] - The meeting will not have any changes to its location, record date, or proposals to be acted upon [2] - Eureka Acquisition Corp is classified as a blank check company or SPAC, aimed at executing mergers, share exchanges, asset acquisitions, or similar business combinations [3] Additional Information - The Company filed a definitive proxy statement with the SEC on June 3, 2025, related to the solicitation of proxies for the Extraordinary General Meeting [5] - Shareholders are encouraged to read the definitive proxy statement and any amendments for important information regarding the meeting and redemption requests [5] - Contact information for inquiries regarding the meeting and proxy solicitation is provided, including details for the Company's proxy solicitor [2][8]
Eureka Acquisition Corp(EURK) - 2025 Q2 - Quarterly Report
2025-05-15 20:46
Financial Performance - As of March 31, 2025, the company reported a net income of $407,876, primarily from interest income of $594,603, offset by general and administrative expenses of $186,727[99]. - For the six months ended March 31, 2025, the company achieved a net income of $949,894, with interest income totaling $1,288,659 and general and administrative expenses of $338,765[100]. Working Capital - The company had cash of $354,762 available for working capital needs as of March 31, 2025, with a working capital of $345,709[106]. - The company has no long-term debt or significant contractual obligations as of March 31, 2025[109]. - The company has no off-balance sheet financing arrangements or obligations as of March 31, 2025[108]. Business Operations - The company has incurred losses since inception, relying on working capital from the IPO and loans from the sponsor, with no revenue generated to date[95]. - The company intends to use substantially all net proceeds from the IPO to acquire a target business and cover related expenses[103]. - The company has until July 3, 2025, to complete its initial business combination, failing which it will trigger an automatic winding up and liquidation[106]. - The company has entered into agreements with financial advisors for potential acquisition targets, with fees contingent upon successful business combinations[107]. Accounting and Estimates - The company has not identified any critical accounting estimates that could materially affect its financial statements[112].
Eureka Acquisition Corp(EURK) - 2025 Q1 - Quarterly Report
2025-02-12 01:01
Financial Performance - As of December 31, 2024, the company reported a net income of $542,018, primarily from interest income of $694,056, offset by general and administrative expenses of $152,038 [97]. - For the three months ended December 31, 2023, the company incurred a net loss of $56,819, all attributed to formation and operating expenses [98]. - The company has no revenue and has incurred losses since inception, relying on working capital from the IPO and loans from the sponsor [95]. Cash and Working Capital - The company had cash of $552,031 available for working capital needs as of December 31, 2024 [100]. - The company expects to incur significant costs in pursuit of acquisition plans and has no commitments in place for additional financing [103]. Business Combination and Acquisition Plans - The company has until July 3, 2025, to complete its initial business combination, or it will face automatic liquidation [103]. - The company has entered into agreements with financial advisors for potential acquisition targets, but the probability of a business combination is currently not deemed probable [104]. Compliance and Expenses - The company anticipates increased expenses due to public company compliance and the search for target opportunities following the IPO [96]. - The company has no off-balance sheet financing arrangements or long-term liabilities as of December 31, 2024 [105][106]. Accounting Standards - The company is evaluating the impact of new accounting standards issued by the FASB, including ASU No. 2023-07 and ASU 2023-09, but does not expect significant effects on its financial statements [110][111].
Eureka Acquisition Corp(EURK) - 2024 Q4 - Annual Report
2024-12-24 00:00
8 No PRC legal counsel has been retained by the Company. The above discussion is based on our management's understanding of the current PRC laws, rules, regulations and local market practices and we cannot assure you that our management's understanding is correct. If we engage in our business combination process with a China-based target, we expect to retain legal experts in the PRC and the U.S. that are experienced with structuring offshore transactions with U.S. public companies. Additionally, we expect t ...
Eureka Acquisition Corp(EURK) - 2024 Q3 - Quarterly Report
2024-08-14 20:00
Financial Performance - The company has not generated any revenue and has incurred a net loss of $113,248 for the nine months ended June 30, 2024, primarily due to formation and operating expenses [91]. - As of June 30, 2024, the company had a cash balance of $57,877 and a working capital deficiency of $317,879 [96]. - The company has incurred significant costs related to being a public entity and expects to continue incurring such costs [90]. - There is substantial doubt about the company's ability to continue as a going concern if a business combination is not completed by July 3, 2025 [96]. Capital Raising - The initial public offering (IPO) raised gross proceeds of $50,000,000 from the sale of 5,000,000 units at $10.00 per unit [86]. - A private placement generated an additional $2,167,500 from the sale of 216,750 units at $10.00 per unit [87]. - The total proceeds of $57,500,000 from the IPO and private placements were placed in a trust account for the benefit of public shareholders [89]. Business Strategy - The company plans to use the net proceeds from the IPO to acquire a target business and cover related expenses [93]. - The company has not selected any target business for its initial business combination, focusing its efforts initially in Asia [84]. Regulatory and Reporting Status - The company is classified as a smaller reporting company and is not required to make disclosures under Item 3 regarding market risk [107]. - The company has no long-term debt or off-balance sheet financing arrangements as of June 30, 2024 [97][98].