Monitor for shareholder vote scheduling and S-4 effectiveness — the July 3 deadline is the final extension available under the charter. If no definitive proxy is filed within the next 2-3 weeks, liquidation risk increases sharply. The stock likely trades near trust value until a clear path to closing emerges.
Price Chart
Executive Summary
Eureka Acquisition Corp (EURKU) filed a 425 (Rule 425 communication) to report it deposited $150,000 into its trust account to extend the deadline to complete its business combination with Marine Thinking Inc. from June 3 to July 3, 2026. Marine Thinking funded the extension and received a $150,000 unsecured promissory note convertible into SPAC units at $10.00 per unit. This is the second consecutive month-to-month extension, signaling the deal remains alive but is running up against the final deadline with no shareholder vote yet scheduled.
Key Facts
- Trust account extension from June 3 to July 3, 2026 via $150,000 deposit
- Marine Thinking funded the extension and received a $150,000 convertible promissory note
- Extension note is interest-free, convertible into private units at $10.00 per unit
- This is the second monthly extension (following a May 3→June 3 extension filed in early May)
- Business combination agreement with Marine Thinking was signed October 29, 2025
- Registration statement on Form S-4 (File No. 333-295483) is pending effective declaration
- If no business combination closes by July 3, 2026, the SPAC must dissolve and liquidate its trust account
- Note is non-recourse to trust account funds — if no deal, extension note is repaid only from non-trust assets
Financial Impact
Procedural $150,000 extension — no material impact on SPAC trust value per share. Marine Thinking holds a $150,000 convertible note (15,000 units if converted at $10.00).
Risk Factors
- Failure to consummate business combination by July 3, 2026 triggers SPAC liquidation and dissolution
- Shareholder redemptions could deplete trust account below the level needed to close
- S-4 not yet declared effective — shareholder vote timeline is uncertain
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001213900-26-067317 |
| Document: ea029430201ex10-1.htm | 0001213900-26-067317 |
| Document: 0001213900-26-067317-index-headers.html | 0001213900-26-067317 |
| Document: 0001213900-26-067317-index.html | 0001213900-26-067317 |
| Document: 0001213900-26-067317.txt | 0001213900-26-067317 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 10, 2026 19w ago | 425 | $11.50 $11.72 | ▲ +1.91% | ▼ −1.91% | $11.71 (+1.83%) |
Jun 10, 2026 19w ago | 8-K | $11.50 $11.72 | ▲ +1.91% | ▼ −1.91% | $11.71 (+1.83%) |
May 6, 2026 24w ago | 425 | $10.89 $12.09 | ▲ +11.02% | ▲ +7.19% | $11.71 (+7.53%) |
May 6, 2026 24w ago | 8-K | $10.89 $12.09 | ▲ +11.02% | ▲ +7.19% | $11.71 (+7.53%) |
Apr 8, 2026 28w ago | 425 | $10.89 $11.59 | ▲ +6.43% | ▼ −4.35% | $11.71 (+7.53%) |
Apr 8, 2026 28w ago | 8-K | $10.89 $11.59 | ▲ +6.43% | ▼ −4.35% | $11.71 (+7.53%) |
Apr 8, 2026 28w ago | 8-K | $10.89 $11.59 | ▼ −6.43% | ▲ +4.35% | $11.71 (−7.53%) |
US Market Status
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