Eureka Acquisition Corp Announces Closing of $50 Million Initial Public Offering
July 03 2024 - 12:31PM
Eureka Acquisition Corp (the “Company”), a blank check company
incorporated as a Cayman Islands exempted company today announced
the closing of its previously announced initial public offering of
5,000,000 units at an offering price of $10.00 per unit, for
aggregate gross proceeds to the Company of $50,000,000. Each unit
consists of one Class A ordinary share and one right. Each right
entitles the holder to receive one-fifth (1/5) of one Class A
ordinary share upon consummation of an initial business
combination. The units began trading on the Nasdaq Capital Market
(“Nasdaq”) under the ticker symbol “EURKU” on July 2, 2024. Once
the securities comprising the units begin separate trading, the
Class A ordinary shares and the rights are expected to be traded on
Nasdaq under the symbols “EURK” and “EURKR,” respectively.
The Company has granted the underwriters a
45-day option to purchase up to an additional 750,000 units at an
offering price of $10.00 per unit to cover over-allotments, if
any.
Maxim Group LLC acted as the sole book-running
manager for the offering.
A registration statement on Form S-1 (File No.
333-277780) relating to the securities sold in the initial public
offering was declared effective by the U.S. Securities and Exchange
Commission (the “SEC”) on July 1, 2024. The offering has been made
only by means of a prospectus, copies of which may be obtained from
Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY
10022, or by accessing the SEC’s website, www.sec.gov.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Eureka Acquisition
Corp
Eureka Acquisition Corp is a blank check
company, also commonly referred to as a special purpose acquisition
company, or SPAC, incorporated for the purpose of effecting a
merger, share exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the Company’s initial public offering (“IPO”), underwriters’
exercise of over-allotment option and search for an initial
business combination. No assurance can be given that the net
proceeds of the offering will be used as indicated. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of Eureka Acquisition Corp, including those set
forth in the Risk Factors section of Eureka Acquisition Corp’s
registration statement and prospectus for the IPO filed with the
SEC. Copies are available on the SEC’s website, www.sec.gov. Eureka
Acquisition Corp undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
Contact Information:Fen ZhangChairman and Chief
Executive OfficerEmail: eric.zhang@hercules.globalTel: +86 135 0189
0555
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