STOCK TITAN

Eureka Acquisition Corp (EURK) extends merger deadline via $8,253 promissory note

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Eureka Acquisition Corp extended the deadline to complete its initial business combination by one month, from August 3, 2026 to September 3, 2026, by depositing a $8,253.03 Monthly Extension Fee into its trust account, as permitted under its charter.

The fee was paid on August 3, 2026 by Marine Thinking Inc. under an existing business combination agreement, and Eureka issued Marine Thinking an unsecured Extension Promissory Note for $8,253.03. The note bears no interest and is due on the earlier of consummation of the business combination or the company’s expiry. Marine Thinking may elect to convert the note into private units at $10.00 per unit, each unit consisting of one Class A ordinary share and a right to receive one-fifth of a Class A share upon completion of a business combination. The company has filed a Form S-4 registration statement that includes a proxy statement/prospectus for the proposed transaction with Marine Thinking.

Positive

  • None.

Negative

  • None.

Filing Explained

No Class A shares are reported as issued; conversion would create restricted private units with registration rights, subject to the business-combination closing.

The filing’s material equity consequence is contingent: Marine Thinking can convert the Extension Note into private units only by giving notice at least two business days before the business-combination closing.

Although Item 3.02 is titled “Unregistered Sales of Equity Securities,” the filing describes the Extension Note as issued under the Section 4(a)(2) exemption and the units as issuable upon conversion; it therefore documents conditional equity capacity rather than completed share issuance. If conversion occurs, the additional Class A shares would increase the total share count and reduce existing holders’ percentage ownership, absent offsetting changes.

Units issued on conversion may not, subject to limited exceptions, be transferable or salable until completion of the initial business combination, and they are entitled to registration rights.

A failure to pay the note’s principal within five business days after maturity is stated to be an event of default that may permit acceleration; the note also lists other specified defaults.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Monthly Extension Fee $8,253.03 Amount deposited into the trust account on August 3, 2026 to extend the deadline
Extension Note Principal $8,253.03 Unsecured promissory note issued to Marine Thinking dated August 11, 2026
Unit Conversion Price $10.00 per unit Price used to determine number of private units upon conversion of the Extension Note
Original Combination Deadline August 3, 2026 Date by which Eureka had to complete its initial business combination under its charter
Extended Deadline September 3, 2026 New deadline after funding of the Monthly Extension Fee for one-month extension
trust account financial
"deposit of $8,253.03 (the “Monthly Extension Fee”) into the trust account of the Company"
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.
promissory note financial
"The Company issued an unsecured promissory note in the aggregate principal amount of $8,253.03"
A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.
business combination financial
"the Company had until August 3, 2026 to complete its initial business combination"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
registration rights regulatory
"The Units ... issuable upon conversion of the Note ... 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.
registration statement on Form S-4 regulatory
"the Company filed with the SEC a registration statement on Form S-4 (File No. 333-295483)"
A registration statement on Form S-4 is a formal filing with the U.S. Securities and Exchange Commission used when a company issues shares or other securities as part of a merger, acquisition, exchange offer or similar corporate deal. It bundles the transaction terms, financial statements, risk factors and shareholder vote materials so investors can assess the deal; think of it as a detailed prospectus or buyer’s packet that explains what you would own and how the deal could change your stake.

FAQ

What did Eureka Acquisition Corp (EURK) announce regarding its business combination deadline?

Eureka Acquisition Corp extended its business combination deadline by one month, from August 3, 2026 to September 3, 2026, by funding a $8,253.03 Monthly Extension Fee into its trust account, as allowed under its amended and restated memorandum and articles of association.

How was the EURK extension fee of $8,253.03 funded and by whom?

The $8,253.03 Monthly Extension Fee was paid on August 3, 2026 by Marine Thinking Inc. pursuant to a business combination agreement with Eureka Acquisition Corp (EURK). In exchange, Eureka issued Marine Thinking an unsecured promissory note in the same principal amount.

What are the key terms of the Extension Promissory Note issued by EURK?

The Extension Promissory Note has a principal amount of $8,253.03, bears no interest, and is payable in full on the earlier of the business combination closing or the company’s expiry. It includes standard default events that could lead to acceleration of the obligation.

Can Marine Thinking convert its EURK Extension Note into equity and on what basis?

Marine Thinking may elect to convert the Extension Note into private units of Eureka Acquisition Corp (EURK) at $10.00 per unit. Each unit comprises one Class A ordinary share and one right to receive one-fifth of a Class A share after a business combination.

What securities of EURK are associated with the units referenced in the Extension Note?

Each private unit of Eureka Acquisition Corp (EURK) referenced in the Extension Note consists of one Class A ordinary share and one right, with each whole right entitling the holder to receive one-fifth of one Class A ordinary share upon completion of a business combination.

What registration statement has EURK filed in connection with the Marine Thinking transaction?

Eureka Acquisition Corp (EURK) filed a registration statement on Form S-4 (File No. 333-295483). It includes a proxy statement for Eureka shareholders and a prospectus describing the proposed business combination with Marine Thinking and 17358750 Canada Inc.

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

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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): August 13, 2026 (August 11, 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 August 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 August 3, 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 August 3, 2026 to September 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 August 11, 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.

 

3

 

 

Item 9.01 Financial Statements and Exhibits

 

Exhibit No.   Description of Exhibits
10.1   Extension Promissory Note dated August 11, 2026, issued by the Company to Marine Thinking Inc.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

4

 

 

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: August 13, 2026    

 

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Filing Exhibits & Attachments

5 documents