secwatch.observer — SEC 8-K summary
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Issuer:     Eureka Acquisition Corp (EURK)
CIK:        0002000410
Form:       8-K
Filed at:   2025-11-03T23:59:59+00:00
Accession:  0001213900-25-105187
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2000410/000121390025105187/0001213900-25-105187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2000410/000121390025105187/ea0262122-8k_eureka.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-105187

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