other material
confidence high
sentiment neutral
materiality 0.30
Eureka Acquisition Corp extends SPAC deadline by one month to Nov 3, 2025 via $150K sponsor deposit
Eureka Acquisition Corp
- Sponsor Hercules Capital deposited $150,000 into trust account to extend deadline from Oct 3 to Nov 3, 2025.
- Company issued unsecured promissory note for $150,000 to sponsor; note bears no interest, convertible into private units at $10/unit.
- Repayment from non-trust funds only if no business combination; note may be converted into units upon closing of a deal.
- Extension is the first of up to nine monthly extensions available, each requiring $150,000 deposit.