Loan & DebtMay 6, 2026, 05:22 PM
Eureka Acquisition Corp Extends Business Combination Deadline to June 3
AI Summary
Eureka Acquisition Corp has extended the period to complete its initial business combination by one month, moving the deadline from May 3, 2026, to June 3, 2026. This extension required a $150,000 deposit into the company's trust account, which was paid by Marine Thinking Inc., the target company in the proposed business combination. In connection with this payment, Eureka Acquisition Corp issued an unsecured promissory note for $150,000 to Marine Thinking Inc., which is convertible into private units of the company.
Key Highlights
- Eureka Acquisition Corp extended its business combination deadline by one month.
- The new deadline for completing the initial business combination is June 3, 2026.
- A Monthly Extension Fee of $150,000 was deposited into the Trust Account.
- Marine Thinking Inc. paid the $150,000 extension fee.
- Eureka Acquisition Corp issued an unsecured promissory note for $150,000 to Marine Thinking Inc.
- The Extension Note bears no interest and is payable upon business combination or company term expiry.
- Marine Thinking can convert the note into private units at $10.00 per unit.
- The note conversion allows for one Class A ordinary share and one-fifth of a Class A Ordinary Share per unit.
Price Impact
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