Loan & DebtAug 13, 2026, 05:02 PM
Eureka Acquisition Corp Extends Merger Deadline, Issues $8,253 Promissory Note
AI Summary
Eureka Acquisition Corp extended its deadline to complete a business combination by one month, from August 3, 2026, to September 3, 2026. This extension was enabled by a $8,253.03 payment into the trust account by Marine Thinking Inc., the target company. Eureka issued an unsecured, non-interest-bearing promissory note for this amount to Marine Thinking, which is convertible into private units of the Company.
Key Highlights
- Extended business combination deadline by one month to September 3, 2026.
- Monthly Extension Fee of $8,253.03 deposited into Trust Account.
- Fee paid by Marine Thinking Inc., the business combination target.
- Issued an unsecured promissory note for $8,253.03 to Marine Thinking.
- Note bears no interest and is convertible into private units at $10.00 per unit.
- Note matures upon business combination or expiry of company term.
Price Impact
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