debt
confidence high
sentiment neutral
materiality 0.50
Eureka Acquisition extends business combination deadline to Dec 3, 2025 via $150K sponsor note
Eureka Acquisition Corp
- Sponsor deposited $150,000 into trust to extend deadline from Nov 3 to Dec 3, 2025.
- Company issued $150,000 unsecured promissory note to Hercules Capital Management Corp.
- Note bears no interest, due upon business combination or expiry of SPAC term.
- Note convertible into private units at $10/unit, each consisting of one Class A ordinary share and one right.
- Extension is one of up to eight monthly extensions permitted under charter, each requiring $150K deposit.