STOCK TITAN

Sponsor funds Eureka (NASDAQ: EURK) extension via $150K convertible note

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Eureka Acquisition Corp extended the deadline to complete its initial business combination from February 3, 2026 to March 3, 2026 by depositing a $150,000 Monthly Extension Fee into its trust account. The fee was paid by its sponsor, Hercules Capital Management Corp.

In return, Eureka issued the sponsor an unsecured $150,000 Extension Promissory Note dated February 4, 2026. The note bears no interest and is due upon the earlier of completing a business combination or the company’s expiry date, and includes standard event-of-default triggers that can accelerate repayment.

The sponsor may choose to convert the principal into private units at $10.00 per unit, with each unit consisting of one Class A ordinary share and a right to receive one-fifth of a Class A ordinary share after a business combination. These units, if issued, are restricted from transfer until the business combination and carry registration rights.

Positive

  • None.

Negative

  • None.
false 0002000410 00-0000000 0002000410 2026-02-04 2026-02-04 0002000410 EURK:UnitsConsistingOfOneClassOrdinaryShare0.0001ParValueAndOneRightToAcquireOnefifthOfOneClassOrdinaryShareMember 2026-02-04 2026-02-04 0002000410 EURK:ClassOrdinarySharesParValue0.0001PerShareMember 2026-02-04 2026-02-04 0002000410 EURK:RightsEachWholeRightToAcquireOnefifthOfOneClassOrdinaryShareMember 2026-02-04 2026-02-04 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

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): February 4, 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 February 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, 2026, each by a one-month extension, subject to the deposit of $150,000 (the “Monthly Extension Fee”) into the trust account of the Company (the “Trust Account”).

 

On February 3, 2026, an aggregate of $150,000 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 February 3, 2026 to March 3, 2026 (the “Extension”). The payment of the Monthly Extension Fee was made by Hercules Capital Management Corp, the sponsor of the Company (the “Sponsor”). The Company issued an unsecured promissory note in the aggregate principal amount of $150,000 (the “Extension Note”) dated February 4, 2026 to the Sponsor 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, the Sponsor, 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 the Sponsor in connection with such conversion shall be an amount determined by dividing (x) the sum of the outstanding principal amount payable to the Sponsor by (y) $10.00.

 

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.

 

1

 

 

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 the Sponsor until the completion of the Company’s initial business combination and (2) are entitled to registration rights.

 

Item 9.01 Financial Statements and Exhibits

 

Exhibit No. Description of Exhibits
10.1 Extension Promissory Note dated February 4, 2026, issued by the Company to Hercules Capital Management Corp.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

2

 

 

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: February 4, 2026    

 

3

 

FAQ

What did Eureka Acquisition Corp (EURK) announce in this 8-K?

Eureka Acquisition Corp extended its business combination deadline by one month and issued a $150,000 promissory note to its sponsor. The sponsor funded a $150,000 monthly extension fee into the trust account, allowing an extension to March 3, 2026.

How did Eureka Acquisition Corp (EURK) fund its SPAC deadline extension?

The extension was funded by a $150,000 Monthly Extension Fee paid by the sponsor, Hercules Capital Management Corp. This amount was deposited into the trust account on February 3, 2026 to secure a one-month extension.

What are the key terms of Eureka Acquisition Corp’s $150,000 Extension Note?

The Extension Note is unsecured, for $150,000, bears no interest and is due at business combination or company expiry. It includes default triggers such as nonpayment, bankruptcy, covenant breaches, cross defaults and unlawfulness, allowing acceleration.

Can Eureka Acquisition Corp’s sponsor convert the Extension Note into equity?

Yes. The sponsor can convert the $150,000 Extension Note into private units at $10.00 per unit. Each unit includes one Class A ordinary share and a right to receive one-fifth of a Class A ordinary share after a business combination.

What restrictions apply to units issued upon conversion of Eureka (EURK) Extension Note?

Any units issued on conversion are generally non-transferable until completion of the initial business combination and have registration rights. The restriction applies to both the units and their underlying securities, subject to limited exceptions.

Until when can Eureka Acquisition Corp (EURK) extend its business combination period?

Under its charter, Eureka can extend its business combination deadline monthly up to July 3, 2026 by paying $150,000 per month. The reported $150,000 payment extended the deadline from February 3, 2026 to March 3, 2026.
Eureka Acquisition Corp

NASDAQ:EURK

EURK Rankings

EURK Latest News

EURK Latest SEC Filings

EURK Stock Data

53.90M
2.61M
75.19%
140.65%
0.01%
Shell Companies
Blank Checks
Hong Kong
SINGAPORE