debt
confidence high
sentiment neutral
materiality 0.25
Eureka Acquisition Corp extends business combination deadline to March 3, 2026 with $150k sponsor note
Eureka Acquisition Corp
- Sponsor deposited $150k into trust account to extend deadline one month from Feb 3 to March 3, 2026.
- Company issued unsecured promissory note of $150k to sponsor; no interest, convertible into units at $10/unit upon business combination.
- Extension note payable upon consummation of business combination or expiry of company term.
- If no business combination, note repaid only from amounts outside trust account.
- Note issued under Section 4(a)(2) exemption; unregistered.