Eureka Acquisition Corp Announces Pricing of $50 Million Initial Public Offering
July 02 2024 - 9:00AM
Eureka Acquisition Corp (the “Company”), a blank check company
incorporated as a Cayman Islands exempted company and led by
Chairman and Chief Executive Officer, Dr. Fen Zhang, today
announced the pricing of its initial public offering of 5,000,000
units at an offering price of $10.00 per unit, with each unit
consisting 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. The units are expected to trade on the Nasdaq
Capital Market (“Nasdaq”) under the ticker symbol “EURKU” beginning
on July 2, 2024. Once the securities comprising the units begin
separate trading, the Class A ordinary shares and the rights will
be traded on Nasdaq under the symbols “EURK” and “EURKR,”
respectively. The offering is expected to close on July 3, 2024,
subject to customary closing conditions.
Maxim Group LLC is acting as the sole
book-running manager for the offering. The Company has granted the
underwriters a 45-day option to purchase up to 750,000 additional
units at the initial public offering price to cover
over-allotments, if any.
A registration statement on Form S-1 (File No.
333-277780) relating to the securities to be 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 is
being made only by means of a prospectus. When available, copies of
the prospectus relating to this offering 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”) and search for an
initial business combination. No assurance can be given that the
offering discussed above will be completed on the terms described,
or at all, or 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
preliminary 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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