Eureka Acquisition Extends SPAC Deadline with Sponsor Financing

Eureka Acquisition Corp Class A ( (EURK) ) has provided an announcement.

On February 3, 2026, Eureka Acquisition Corp deposited a $150,000 monthly extension fee into its trust account, funded by its sponsor Hercules Capital Management Corp, to extend the deadline to complete its initial business combination by one month from February 3, 2026 to March 3, 2026. In connection with this Extension, on February 4, 2026 the company issued a $150,000 unsecured, non-interest-bearing promissory note to the sponsor, payable upon completion of a business combination or expiry of the company’s term, with defined events of default and an option for the sponsor to convert the note into private units at $10 per unit, a structure that preserves the SPAC’s deal-making runway while potentially increasing the sponsor’s equity stake if a transaction is consummated.

More about Eureka Acquisition Corp Class A

Eureka Acquisition Corp is a Cayman Islands-exempted special purpose acquisition company (SPAC) formed to effect an initial business combination, typically through a merger, share exchange, asset acquisition or similar transaction, using capital held in a trust account for the benefit of its public shareholders.

Average Trading Volume: 3,454

Technical Sentiment Signal: Buy

Current Market Cap: $53.9M

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