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Initial public offerings

Eureka Acquisition Corp Announces Closing of Initial Public Offering and Listing on Nasdaq

Strategic Insights

— 1 min read

Eureka Acquisition Corp, a blank check company incorporated in the Cayman Islands, has announced the closing of its initial public offering (IPO) of 5,000,000 units at an offering price of $10.00 per unit, raising $50,000,000 in gross proceeds. The units began trading on the Nasdaq Capital Market under the ticker symbol "EURKU" on July 2, 2024. The Company plans to trade its Class A ordinary shares and rights separately under the symbols "EURK" and "EURKR," respectively, once the securities become available for trading.

Key Takeaways:

  • Eureka Acquisition Corp has raised $50,000,000 from its IPO, selling 5,000,000 units at $10.00 each.
  • The units started trading on Nasdaq under the ticker symbol "EURKU" on July 2, 2024.
  • The Company plans to list its Class A ordinary shares and rights separately on Nasdaq under the symbols "EURK" and "EURKR," respectively.
  • Maxim Group LLC acted as the sole book-running manager for the offering.
  • The Company has granted the underwriters a 45-day option to purchase up to an additional 750,000 units to cover over-allotments.
  • A registration statement on Form S-1 (File No. 333-277780) was declared effective by the SEC on July 1, 2024.

Statistics:

  • Gross proceeds from the IPO: $50,000,000
  • Number of units sold: 5,000,000
  • Offering price per unit: $10.00
  • Maximum number of additional units that can be purchased by underwriters: 750,000
  • Trading symbol for units: EURKU
  • Planned trading symbol for Class A ordinary shares: EURK
  • Planned trading symbol for rights: EURKR

Sources:

  • Eureka Acquisition Corp
  • GlobeNewswire
  • SEC (U.S. Securities and Exchange Commission)
  • Maxim Group LLC

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