Monitor whether the promissory note is converted to equity, which would result in dilution. Track progress on the business combination with Marine Thinking, as failure to complete by the extended deadline could trigger liquidation. The conversion option at $10.00 per unit provides insight into the valuation expectations for the business combination.
Price Chart
Executive Summary
Eureka Acquisition Corp issued a $150,000 unsecured promissory note to Marine Thinking Inc. to extend its deadline for completing a business combination by one month. The note can be converted into private units at $10.00 per unit and is part of an ongoing business combination agreement.
Key Financial Metrics
Key Facts
- Eureka Acquisition Corp issued a $150,000 unsecured promissory note to Marine Thinking Inc. on April 6, 2026
- The funds were deposited into the company's trust account to extend the deadline for completing its initial business combination from April 3, 2026 to May 3, 2026
- The promissory note bears no interest and is payable upon the earlier of the consummation of a business combination or the company's dissolution
- Marine Thinking has the right to convert the note into private units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one right to receive one-fifth of a Class A ordinary share
- This transaction is pursuant to a business combination agreement dated October 29, 2025 between Eureka and Marine Thinking
Financial Impact
The company secured a $150,000 extension payment to prolong its business combination deadline, with potential dilution if the note is converted into up to 15,000 units at $10.00 per unit
Risk Factors
- Failure to complete a business combination by the extended deadline could lead to liquidation
- Conversion of the note into equity would result in dilution to existing shareholders
- Dependence on a single counterparty (Marine Thinking) for extension financing creates counterparty risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-041478 |
| Document: ea028554701ex10-1.htm | 0001213900-26-041478 |
| Document: 0001213900-26-041478-index-headers.html | 0001213900-26-041478 |
| Document: 0001213900-26-041478-index.html | 0001213900-26-041478 |
| Document: 0001213900-26-041478.txt | 0001213900-26-041478 |
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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