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Nasdaq grants Eureka (NASDAQ: EURK) more time to fix holder count

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

Rhea-AI Filing Summary

Eureka Acquisition Corp reported that Nasdaq has granted more time to fix its shareholder base issue. On June 5, 2026, the company received a letter from Nasdaq’s Listing Qualifications Department extending its deadline to comply with Nasdaq Listing Rule 5550(a)(3), the Minimum Public Holders Rule, until October 3, 2026.

The company had previously been notified that it failed to meet this requirement and submitted a compliance plan on April 20, 2026. This extension gives Eureka additional time to regain compliance and maintain its Nasdaq listing, but underscores ongoing pressure to increase the number of public holders.

Positive

  • None.

Negative

  • Ongoing Nasdaq noncompliance and delisting risk: Eureka Acquisition Corp remains below Nasdaq’s Minimum Public Holders Rule and has only an extension until October 3, 2026 to regain compliance, keeping the possibility of delisting on the table if it fails to meet this requirement.

Insights

Nasdaq has extended Eureka’s deadline, but listing risk remains.

Eureka Acquisition Corp remains out of compliance with Nasdaq’s Minimum Public Holders Rule under Listing Rule 5550(a)(3). Nasdaq reviewed the company’s April 20, 2026 compliance plan and granted an extension through October 3, 2026 to resolve the deficiency.

This means the company keeps its listing for now, but faces a firm timeline to expand its base of public shareholders. Failure to meet the rule by October 3, 2026 could lead to delisting proceedings, which would reduce trading liquidity and access to capital markets.

Subsequent disclosures about changes in public holder counts or any further Nasdaq correspondence will show whether the company is moving toward full compliance or facing heightened delisting risk.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities
The company received a delisting notice or transferred its listing to a different exchange.
Compliance deadline October 3, 2026 Nasdaq extension to meet Minimum Public Holders Rule
Compliance plan submission date April 20, 2026 Date Eureka submitted plan to Nasdaq
Nasdaq notice date June 5, 2026 Date extension letter received from Nasdaq
Minimum Public Holders Rule regulatory
"to regain compliance with Listing Rule 5550(a)(3) (the “Minimum Public Holders Rule”)"
Listing Rule 5550(a)(3) regulatory
"to regain compliance with Listing Rule 5550(a)(3) (the “Minimum Public Holders Rule”)"
Listing Qualifications Department regulatory
"received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Markets"
A listing qualifications department is the part of a stock exchange that checks whether a company meets the exchange’s rules for being listed and staying listed. Think of it as a gatekeeper or building inspector: it reviews financial statements, disclosure practices and corporate governance, flags problems and can require fixes or remove a company’s shares. Investors care because its decisions affect whether a stock remains tradable and how much trust to place in a company’s reporting.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
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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): June 5, 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 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On June 5, 2026, Eureka Acquisition Corp (the “Company”) received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Markets (“Nasdaq”) stating that the Nasdaq Staff had determined to grant the Company an extension of time through October 3, 2026 to regain compliance with Listing Rule 5550(a)(3) (the “Minimum Public Holders Rule”).

 

As previously disclosed, the Company had received a separate written notice from Nasdaq stating that the Company did not meet the requirements of the Minimum Public Holders Rule. The Company submitted its plan of compliance on April 20, 2026 accordingly. Based on the review of the materials submitted by the Company, Nasdaq determined to grant the Company an extension until October 3, 2026 to regain compliance with the Minimum Public Holders Rule.

 

1

 

 

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: June 9, 2026    

 

2

 

FAQ

What did Eureka Acquisition Corp (EURK) disclose about its Nasdaq listing status?

Eureka Acquisition Corp disclosed that Nasdaq granted it more time to fix a listing deficiency. The company currently fails Nasdaq’s Minimum Public Holders Rule and must regain compliance by October 3, 2026 to avoid potential delisting action.

Which Nasdaq rule is Eureka Acquisition Corp currently not meeting?

Eureka Acquisition Corp is not meeting Nasdaq Listing Rule 5550(a)(3), known as the Minimum Public Holders Rule. This standard focuses on having a sufficient number of public shareholders to support an active trading market for the company’s securities.

What extension did Nasdaq give Eureka Acquisition Corp (EURK)?

Nasdaq’s Listing Qualifications Department granted Eureka Acquisition Corp an extension until October 3, 2026 to regain compliance with the Minimum Public Holders Rule. During this period, the company must execute its submitted plan to increase its number of public holders.

How did Eureka Acquisition Corp respond to Nasdaq’s deficiency notice?

After receiving a notice that it failed the Minimum Public Holders Rule, Eureka Acquisition Corp submitted a compliance plan on April 20, 2026. Nasdaq reviewed this plan and, based on the materials, decided to extend the deadline for the company to cure the deficiency.

What are the potential consequences if Eureka Acquisition Corp misses the October 3, 2026 deadline?

If Eureka Acquisition Corp does not regain compliance with Nasdaq Listing Rule 5550(a)(3) by October 3, 2026, Nasdaq may begin delisting proceedings. Losing the Nasdaq listing would typically limit trading liquidity and could make raising capital in public markets more difficult.

Filing Exhibits & Attachments

4 documents