STOCK TITAN

Eureka Acquisition Corp (EURK) accepts $8,253 note from Marine Thinking to extend SPAC deadline

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
425

Rhea-AI Filing Summary

Eureka Acquisition Corp reported the deposit of $8,253.03 into its trust account to extend the deadline to complete its initial business combination by one month, from July 3, 2026 to August 3, 2026. The payment was made by Marine Thinking Inc. and in exchange the company issued an unsecured, no-interest promissory note dated July 7, 2026 (the "Extension Note").

The Extension Note is payable on the earlier of consummation of the business combination or the company’s term expiry, is convertible at Marine Thinking’s election into Units at $10.00 per Unit, and includes customary default and acceleration provisions.

Positive

  • None.

Negative

  • None.

Insights

Small bridge funding extends deal deadline and converts to equity at $10 per Unit.

The company accepted a $8,253.03 deposit from Marine Thinking Inc. to fund a one-month extension of its SPAC combination deadline to August 3, 2026. The company issued an unsecured, non-interest bearing promissory note dated July 7, 2026 that is payable on closing or maturity and is convertible into Units at $10.00 per Unit.

This structure preserves liquidity for public shareholders in the trust while giving the sponsor short-term credit exposure; the note includes typical default triggers and conversion mechanics that permit conversion prior to closing.

The Extension Note was issued pursuant to an exemption from registration and includes registration rights for the convertible Units.

The filing states the issuance relied on Section 4(a)(2) of the Securities Act and that Units issuable on conversion are subject to transfer restrictions until completion of the initial business combination. The Units are also described as entitled to registration rights.

Legal consequences to monitor include conversion timing (notice two business days before closing) and conversion dilution should Marine Thinking elect conversion instead of repayment.

Monthly Extension Fee $8,253.03 Deposited into the Trust Account on July 6, 2026 to extend the combination period
Extension Note date July 7, 2026 Date of the unsecured promissory note issued to Marine Thinking
Extended combination deadline August 3, 2026 New deadline for the Company's initial business combination after the one-month Extension
Conversion price per Unit $10.00 Amount used to determine number of Units issuable upon conversion of the Extension Note
Trust Account financial
"deposit into the Trust Account for the public shareholders"
A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.
Extension Note financial
"issued an unsecured promissory note in the aggregate principal amount"
Section 4(a)(2) exemption regulatory
"issuance of the Extension Note was made pursuant to the exemption from registration contained in Section 4(a)(2)"
A Section 4(a)(2) exemption is a U.S. securities-law rule that allows a company to sell shares privately without filing the full public registration paperwork, provided the sale is limited and made to informed buyers. For investors this matters because privately bought shares often have less public information, limited resale options and greater risk — similar to buying a custom-made item from a craftsman rather than a product stocked on a store shelf.
Registration rights regulatory
"are entitled to registration rights"
Registration rights are contractual promises that let investors require a company to file paperwork with securities regulators so those investors can sell their shares to the public. They matter because they create a path to liquidity and an exit plan—without them, investors may be stuck holding shares for a long time. Think of them like a reserved ticket that guarantees access to a public marketplace when the holder is ready to sell.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

FAQ

How much was deposited to extend Eureka Acquisition Corp's SPAC deadline?

$8,253.03 was deposited into the company’s trust account to fund a one-month extension of the business combination deadline.

Who funded the extension fee for Eureka Acquisition Corp?

Marine Thinking Inc. paid the Monthly Extension Fee and received an unsecured promissory note from Eureka dated July 7, 2026.

What are the key terms of the Extension Note issued by Eureka Acquisition Corp?

The Extension Note is unsecured, bears no interest, is payable on closing or company term expiry, and is convertible into Units at $10.00 per Unit.

To what date was Eureka's SPAC deadline extended?

The company extended its deadline by one month from July 3, 2026 to August 3, 2026.

Are the Units issuable on conversion immediately transferable?

No. The filing states the Units (and underlying securities) may not, subject to certain limited exceptions, be transferable or salable by Marine Thinking until completion of the initial business combination.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 

 

Date of Report (Date of earliest event reported): July 7, 2026

 

Eureka Acquisition Corp
(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-42152   N/A
(State or other jurisdiction   (Commission File Number)   (IRS Employer
of incorporation)       Identification Number)

 

14 Prudential Tower

Singapore 049712

(Address of principal executive offices)

 

(+1) 949 899 1827

(Registrant’s telephone number, including area code)

 

 

Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act.

 

Title of each class   Trading Symbol   Name of each exchange on which registered
Units, consisting of one Class A ordinary share, $0.0001 par value, and one Right to acquire one-fifth of one Class A ordinary share   EURKU   The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per share   EURK   The Nasdaq Stock Market LLC
Rights, each whole right to acquire one-fifth of one Class A ordinary share   EURKR   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement

 

The disclosures set forth under Item 2.03 are incorporated by reference.

 

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

 

Pursuant to the amended and restated memorandum and articles of association (the “Charter”) of Eureka Acquisition Corp, a Cayman Islands exempted company (the “Company”), the Company had until July 3, 2026 to complete its initial business combination, however the Company may extend the period of time to consummate a business combination up to July 3, 2027, each by a one-month extension, subject to the deposit of $8,253.03 (the “Monthly Extension Fee”) into the trust account of the Company (the “Trust Account”).

 

On July 6, 2026, an aggregate of $8,253.03 of the Monthly Extension Fee was deposited into the Trust Account for the public shareholders, which enables the Company to extend the period of time it has to consummate its initial business combination by one month from to July 3, 2026 to August 3, 2026 (the “Extension”). The payment of the Monthly Extension Fee was made by Marine Thinking Inc. (“Marine Thinking”), pursuant to that certain business combination agreement dated as of October 29, 2025 (as the same may be amended, supplemented or otherwise modified from time to time, the “BCA”), with Marine Thinking, an autonomous ship and fleet solution providing company incorporated under the Canada Business Corporations Act (“CBCA”), and 17358750 Canada Inc., a company incorporated under the CBCA and a wholly-owned subsidiary of Eureka (the “Amalgamation Sub”).

 

The Company issued an unsecured promissory note in the aggregate principal amount of $8,253.03 (the “Extension Note”) dated July 7, 2026 to Marine Thinking in connection with the payment of the Monthly Extension Fee.

 

The Extension Note bears no interest and is payable in full upon the earlier to occur of (i) the consummation of the Company’s business combination or (ii) the date of expiry of the term of the Company (the “Maturity Date”). The following shall constitute an event of default: (i) a failure to pay the principal within five business days of the Maturity Date; (ii) the commencement of a voluntary or involuntary bankruptcy action, (iii) the breach of the Company’s obligations thereunder; (iv) any cross defaults; (v) an enforcement proceedings against the Company; and (vi) any unlawfulness and invalidity in connection with the performance of the obligations thereunder, in which case the Extension Note may be accelerated.

 

The payee of the Extension Note, Marine Thinking or its registered assignees or successors in interest, has the right, but not the obligation, to convert the Extension Note, in whole or in part, respectively, into private units (the “Units”) of the Company, each consisting of one Class A ordinary share, par value $0.0001 per share (the “Class A Ordinary Share”) and one right to receive one-fifth (1/5) of one Class A Ordinary Share upon the consummation of a business combination, as described in the prospectus of the Company (File No: 333-277780), by providing the Company with written notice of the intention to convert at least two business days prior to the closing of the business combination. The number of Units to be received by Marine Thinking in connection with such conversion shall be an amount determined by dividing (x) the sum of the outstanding principal amount payable to Marine Thinking by (y) $10.00.

 

1

 

 

The issuance of the Extension Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

 

A copy of the Extension Note is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The foregoing description of the Extension Note does not purport to be complete and is subject to, and is qualified in its entirety by, the full text of the Extension Note.

 

Item 3.02 Unregistered Sales of Equity Securities

 

The information disclosed under Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02 to the extent required herein. The Units (and the underlying securities) issuable upon conversion of the Note, if any, (1) may not, subject to certain limited exceptions, be transferable or salable by Marine Thinking until the completion of the Company’s initial business combination and (2) are entitled to registration rights.

 

Additional Information and Where to Find It

 

In connection with the proposed transaction, the Company filed with the SEC a registration statement on Form S-4 (File No. 333-295483) that includes a proxy statement for the shareholders of the Company that also constitutes a prospectus of the Company. The Company urges investors, shareholders and other interested persons to read the preliminary proxy statement/prospectus as well as other documents filed with the SEC because these documents will contain important information about the Company, Marine Thinking, Amalgamation Sub and the proposed transactions. After the registration statement is declared effective, the definitive proxy statement/prospectus to be included in the registration statement will be mailed to shareholders of the Company as of a record date to be established for voting on the proposed transactions. Shareholders will also be able to obtain a copy of the proxy statement/prospectus, without charge by directing a request to eric.zhang@herculescapital.group. The preliminary and definitive proxy statement/prospectus to be included in the registration statement, once available, can also be obtained, without charge, at the SEC’s website (www.sec.gov).

 

No Offer or Solicitation

 

This Current Report on Form 8-K is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transactions described herein, and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company or the Marine Thinking, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.

 

Participants in the Solicitation

 

The Company, Marine Thinking and their respective directors and executive officers may be considered participants in the solicitation of proxies with respect to the proposed transactions under the rules of the SEC. Information about the directors and executive officers of the Company is set forth in the Company’s most recent Annual Report on Form 10-K, which was filed with the SEC on December 15, 2025. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the stockholders in connection with the proposed transactions will be set forth in the proxy statement/prospectus when it is filed with the SEC. These documents can be obtained free of charge from the sources indicated above.

 

2

 

 

Forward-Looking Statements

 

Certain statements contained in this Current Report on Form 8-K may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Exchange Act, including statements regarding the proposed transaction involving the Company and Marine Thinking, and the ability to consummate the proposed transaction. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely”, “believe,” “estimate,” “project,” “intend,” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that the conditions to the closing of the proposed transaction are not satisfied, including the failure to timely or at all obtain shareholder approval for the proposed transaction or the failure to timely or at all obtain any required regulatory approval; (ii) uncertainties as to the timing of the consummation of the proposed transaction and the ability of each of involving the Company and Marine Thinking to consummate the proposed transaction; (iii) the possibility that other anticipated benefits of the proposed transaction will not be realized, and the anticipated tax treatment of the proposed transaction; (iv) the occurrence of any event that could give rise to termination of the proposed transaction; (v) the risk that shareholder litigation in connection with the proposed transaction or other settlements or investigations may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability; (vi) changes in general economic and/or industry specific conditions; (vii) possible disruptions from the proposed transaction that could harm the Company business; (viii) the ability of the Company to retain, attract and hire key personnel; (ix) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties resulting from the announcement or completion of the proposed transaction; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect the Company’s financial performance; (xi) legislative, regulatory and economic developments; (xii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak, as well as management’s response to any of the aforementioned factors; and (xiii) other risk factors as detailed from time to time in the Company’s reports filed with the SEC, including the Company’s annual report on Form 10-K, periodic quarterly reports on Form 10-Q, periodic current reports on Form 8-K and other documents filed with the SEC. The foregoing list of important factors is not exclusive. Neither the Company nor Marine Thinking can give any assurance that the conditions to the proposed transaction will be satisfied. Except as required by applicable law, neither the Company nor Marine Thinking undertakes any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

 

Item 9.01 Financial Statements and Exhibits

 

Exhibit No.   Description of Exhibits
10.1   Extension Promissory Note dated July 7, 2026, issued by the Company to Marine Thinking Inc.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

3

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Eureka Acquisition Corp
   
  By: /s/ Fen Zhang
  Name:  Fen Zhang
  Title: Chief Executive Officer
     
Date: July 9, 2026    

 

4