Sep 11, 2024, 6:13 PM
Sep 10, 2024, 4:35 PM

Eureka Acquisition Corp to Trade Class A Shares and Rights on Sept 12, 2024

Highlights
  • Starting September 12, 2024, holders of Eureka Acquisition Corp's units can separately trade Class A ordinary shares and rights.
  • Units not separated will continue to trade under the symbol 'EURKU,' while separated shares and rights will trade under 'EURK' and 'EURKR,' respectively.
  • This initiative enhances liquidity and provides investors with more options for managing their investments.
Story

Eureka Acquisition Corp, a blank check company, announced that starting September 12, 2024, holders of its 5,750,000 units from its initial public offering will have the option to separately trade the Class A ordinary shares and rights included in those units. This decision allows investors more flexibility in managing their investments. The units, which were initially offered in an underwritten offering, will continue to trade under the symbol 'EURKU' if not separated. The Class A ordinary shares and rights that are separated will trade under the symbols 'EURK' and 'EURKR,' respectively. Investors wishing to separate their units must contact the Company's transfer agent, Continental Stock Transfer & Trust Company, through their brokers. This move is part of the company's strategy to enhance liquidity and provide more options for investors. Eureka Acquisition Corp was incorporated to facilitate mergers, share exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses. The company aims to create value for its shareholders by identifying and partnering with promising businesses. The announcement comes after the registration statement for the offering was declared effective by the SEC on July 1, 2024. The offering was made solely through a prospectus, which is available on the SEC's website. This initiative reflects the company's commitment to transparency and compliance with regulatory requirements, ensuring that investors are well-informed about their options.

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