debt
confidence high
sentiment neutral
materiality 0.35
Eureka Acquisition Corp enters $300K sponsor note with conversion option
Eureka Acquisition Corp
- Eureka Acquisition Corp issued up to $300,000 unsecured promissory note to sponsor Hercules Capital Management Corp.
- Note bears no interest; principal due upon business combination or company expiry.
- Sponsor can convert note into private units at $10/unit prior to deal closing.
- Proceeds used for general working capital; drawdowns available until business combination.
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