M&A
confidence high
sentiment neutral
materiality 0.60
Eureka Acquisition Corp (EURK): debt financing — Eureka Acquisition receives $150k extension loan from Marine Thinking; merger deadline extended to July 3, 2026
Eureka Acquisition Corp
- Principal amount $150,000 unsecured promissory note issued to Marine Thinking for one-month extension to July 3, 2026.
- Note bears no interest, due at earlier of business combination completion or SPAC expiry.
- Note convertible into private units at $10/unit upon closing of business combination.
- Extension fee deposited on June 2, 2026; originally needed to complete by June 3, 2026.
- Marine Thinking is the target company under the existing business combination agreement.