Eureka Acquisition Corp Class A Ordinary Share (EURK)

Eureka Acquisition Corp (EURK) has issued an $8,253 extension note to Marine Thinking Inc. to prolong the deadline for its initial business combination by one month, until September 3, 2026. Marine Thinking funded the monthly extension fee of $8,253.03, and in return, received an unsecured, non-interest-bearing promissory note convertible into private units of Eureka. This arrangement allows for potential dilution for existing shareholders if Marine Thinking elects to convert the note into equity.

Eureka Acquisition Corp (NASDAQ:EURK) has extended its deadline to complete its initial business combination by one month, to September 3, 2026. This extension was facilitated by a $8,253.03 deposit into its trust account by Marine Thinking Inc., a Canadian autonomous ship solutions provider, in connection with a business combination agreement. Eureka Acquisition Corp issued an unsecured promissory note for the same amount to Marine Thinking, which can be converted into private units of the company.

Eureka Acquisition Corp (EURK), a blank check company, has released its Q2 2024 10-Q report, detailing a net loss of $29,349 for the quarter and $113,248 for the nine months ended June 30, 2024. The company completed its IPO in July 2024, raising $50 million, and has until July 3, 2025 (with potential extensions) to complete a business combination, with management actively seeking acquisition targets in Asia. The report highlights a working capital deficiency and going concern considerations if a business combination is not completed within the specified timeframe.

W. R. Berkley Corporation has filed an amended Schedule 13G/A for Eureka Acquisition Corp (EURK), indicating that it beneficially owns 0 shares, or 0% of the Class A ordinary shares. This filing specifies that W. R. Berkley and its subsidiary, Berkley Insurance Company, have no sole or shared voting power and no sole or shared dispositive power over any of these shares. The document clarifies that the company no longer holds a reportable stake in Eureka Acquisition Corp.

Eureka Acquisition Corp (EURK) and Marine Thinking Inc. amended their business combination agreement on June 12, 2026, specifically altering the provisions for post-closing directors of the SPAC. This change highlights ongoing discussions about future governance structures of the combined company, with all other merger terms remaining intact. The SPAC, a Cayman Islands-incorporated entity, aims to bring Marine Thinking Inc. to public markets.