other_material
confidence high
sentiment neutral
materiality 0.55
Eureka Acquisition Corp extends deadline to Sep 3, 2025 with $150K sponsor deposit
Eureka Acquisition Corp
- Sponsor Hercules Capital Management deposited $150,000 into trust to extend business combination deadline by one month to September 3, 2025.
- Company issued unsecured promissory note for $150,000 to sponsor; no interest, payable upon business combination or term expiry.
- Sponsor can convert note into private units at $10.00/unit, each unit consisting of one Class A share and one right to acquire one-fifth share.
- Extension avoids immediate liquidation; note repaid only from non-trust funds if no business combination is completed.
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