Core Viewpoint - Marine Thinking Inc. is set to become a publicly traded company through a business combination with Eureka Acquisition Corp, with a potential pre-money valuation of approximately $130 million at closing [1][5]. Company Overview - Marine Thinking specializes in autonomous ship navigation technology based on physical AI, aiming to transform the marine industry by providing low-cost, easy-to-assemble unmanned sailing technology [2]. - The company has established itself as a leading provider of autonomous ship and fleet solutions in Canada, having been selected for various important R&D projects by multiple Canadian federal government organizations [2]. - Marine Thinking's autonomous solutions have been applied across various marine industry fields in over a dozen countries, addressing the growing shortage of seafarers [2]. Transaction Details - The business combination will result in the new entity being named Marine Thinking Holdings Inc., which will be listed on NASDAQ [1][5]. - The transaction involves an aggregate consideration of $130 million in Eureka shares to be paid to Marine Thinking's shareholders at closing [5]. - The closing of the proposed transaction is subject to customary conditions, including regulatory and shareholder approvals [3][6]. Leadership Comments - The founder and chairman of Marine Thinking emphasized the support received from the Canadian federal government and partners, expressing commitment to advancing unmanned marine technologies [4]. - The incoming chairman of Marine Thinking highlighted confidence in the team's vision and the momentum towards AI-driven solutions in the marine industry [4]. - The chairman and CEO of Eureka expressed excitement about the partnership, which is expected to accelerate innovation in ocean technology and create value for stakeholders [4].