Eureka Acquisition Corp enters business combination with Marine Thinking Inc.; enterprise value ~$130M

Eureka Acquisition Corp

SPAC (EURK) and Marine Thinking Inc. sign Business Combination Agreement; SPAC to redomicile to Canada and become Marine Thinking Holdings Inc.
Total share consideration set at US$130M plus potential pre-IPO proceeds (capped at $6.5M), at $10 per SPAC Class A share.
Post-closing board: 7 directors—6 designated by Marine Thinking, 1 by SPAC sponsor Hercules Capital Management.
Termination fee of $2M payable by either party under certain conditions; deal subject to shareholder approvals, SEC effectiveness, and Nasdaq listing.
Lock-up agreements restrict transfers of SPAC shares for 365 days post-closing for sponsor and certain company shareholders.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.