Eureka Acquisition Corp
EURKR
NASDAQ Capital Market0.35
USD
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Eureka Acquisition Corp
EURKR
(NASDAQ Capital Market)
Recent
price
0.35
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Eureka Acquisition Corp is a blank check company incorporated in the Cayman Islands that effects mergers, share exchanges, asset acquisitions, share purchases, recapitalizations, reorganizations or other similar business combinations with one or more businesses. The company offers no products or services of its own beyond its SPAC structure, which raises capital through public offerings of units comprising Class A ordinary shares and rights exercisable into additional shares upon completion of an initial business combination; it maintains investor funds in trust pending deployment into a target acquisition. Eureka Acquisition Corp focuses on businesses operating in Asia, including China, Hong Kong and Macau, while targeting growth-oriented companies globally that seek transformative capital infusions. Founded in 2023 and headquartered in Hong Kong at Suite 1608, 16th Floor, Fortress Tower, 250 King's Road, North Point, the company trades on Nasdaq Capital Market under tickers EURK, EURKU and EURKR, with Hercules Capital Management Corp as sponsor and Fen Zhang as chairman and chief executive officer. In recent developments, Eureka Acquisition Corp entered into a definitive business combination agreement with Marine Thinking Inc, a Canadian provider of autonomous ship and fleet solutions powered by physical AI technology, on November 3, 2025; the transaction values Marine Thinking at a $130 million pre-money enterprise value payable in Eureka shares, with the combined entity to be renamed Marine Thinking Holdings Inc and listed on Nasdaq upon closing, subject to shareholder approvals, SEC review of Form S-4, Nasdaq listing approval and Canadian regulatory clearances. Prior to the merger announcement, the company pursued multiple deadline extensions for its initial business combination, including sponsor contributions of $150,000 via convertible promissory notes to fund monthly trust deposits, an extraordinary general meeting on June 30, 2025 to approve up to 12 one-month extensions to July 3, 2026, and further monthly extensions into November 2025 to avoid liquidation. The SPAC completed separate trading of its Class A ordinary shares and rights on September 12, 2024, following its July 2024 initial public offering that raised $57.5 million underwritten by Maxim Group.