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Nasdaq warns Eureka Acquisition (NASDAQ: EURK) on minimum 300-holder rule

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

Rhea-AI Filing Summary

Eureka Acquisition Corp reported receiving a Nasdaq notice on April 6, 2026 stating it no longer meets the Nasdaq Capital Market’s Minimum Public Holders Rule, which requires at least 300 public holders. The notice is a deficiency notification only and does not immediately affect trading.

The company has 45 calendar days, until May 21, 2026, to submit a plan to regain compliance. If Nasdaq accepts the plan, Eureka Acquisition could receive up to 180 calendar days from the notice date to demonstrate compliance, or it may appeal if a plan is not accepted.

Positive

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Insights

Nasdaq holder-count deficiency introduces listing risk but allows time to cure.

Eureka Acquisition Corp has fallen below Nasdaq’s requirement of 300 public holders under Listing Rule 5550(a)(3). The current notice is procedural and does not trigger immediate delisting or trading suspension on the Nasdaq Capital Market.

The company has 45 days, until May 21, 2026, to submit a remediation plan, and Nasdaq may grant up to 180 calendar days from the notice date to prove compliance. If Nasdaq rejects the plan, Eureka can appeal to a Nasdaq Hearings Panel, so the ultimate outcome will depend on future compliance efforts and Nasdaq’s determinations.

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.
Minimum public holders requirement 300 public holders Nasdaq Listing Rule 5550(a)(3) continued listing standard
Notice date April 6, 2026 Date Nasdaq issued deficiency notice to Eureka Acquisition
Compliance plan deadline May 21, 2026 45 calendar days from April 6, 2026 to submit plan
Maximum extension period 180 calendar days Potential Nasdaq extension from notice date to evidence compliance
Minimum Public Holders Rule regulatory
"continued listing criteria set forth in Listing Rule 5550(a)(3) (the “Minimum Public Holders Rule”)"
Listing Rule 5550(a)(3) regulatory
"no longer complies with the Nasdaq Capital Market continued listing criteria set forth in Listing Rule 5550(a)(3)"
Nasdaq Capital Market regulatory
"no longer complies with the Nasdaq Capital Market continued listing criteria"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
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.
Nasdaq Hearings Panel regulatory
"the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel"
A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.
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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): April 6, 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 April 6, 2026, Eureka Acquisition Corp (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Staff of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company no longer complies with the Nasdaq Capital Market continued listing criteria set forth in Listing Rule 5550(a)(3) (the “Minimum Public Holders Rule”), which requires the Company to maintain a minimum of 300 public holders for continued listing on Nasdaq. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the Nasdaq.

 

The Notice states that the Company has 45 calendar days, or until May 21, 2026, to submit a plan to regain compliance with the Minimum Public Holders Rule. If the Company is unable to regain compliance by that date, the Company intends to submit a plan to regain compliance with the Minimum Public Holders Rule within the required timeframe. If Nasdaq accepts the Company’s compliance plan, then Nasdaq may grant the Company an extension of up to180 calendar days from the date of the Notice to evidence compliance. If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.

 

Forward-Looking Statements

 

The Company makes forward-looking statements in this report within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations or forecasts for future events. These forward-looking statements are based on information available to us as of the date of this report, and involve substantial risks and uncertainties. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to a variety of factors, including the Company’s ability to submit a plan of compliance satisfactory to Nasdaq, its ability to evidence that it has a minimum of 300 public holders, and other risks and uncertainties set forth in the Company’s reports filed with the Securities and Exchange Commission. The Company does not undertake any obligation to update forward-looking statements as a result of new information, future events, or developments or otherwise.

 

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: April 8, 2026    

 

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FAQ

What Nasdaq issue did Eureka Acquisition Corp (EURK) disclose?

Eureka Acquisition Corp disclosed it no longer meets Nasdaq’s continued listing standard requiring at least 300 public holders. Nasdaq issued a deficiency notice, which currently does not affect the listing or trading of its securities on the Nasdaq Capital Market.

Does the Nasdaq deficiency notice mean EURK is being delisted?

No, the notice is a deficiency notification, not an immediate delisting. Eureka Acquisition’s securities continue to trade on Nasdaq while the company works on a compliance plan and interacts with Nasdaq regarding potential timelines and extensions.

How long does Eureka Acquisition Corp (EURK) have to respond to Nasdaq?

Eureka Acquisition has 45 calendar days from the April 6, 2026 notice, until May 21, 2026, to submit a plan showing how it intends to regain compliance with Nasdaq’s Minimum Public Holders Rule for continued listing.

What extensions can Nasdaq grant Eureka Acquisition Corp (EURK)?

If Nasdaq accepts Eureka Acquisition’s compliance plan, it may grant an extension of up to 180 calendar days from the April 6, 2026 notice. During this period, the company must demonstrate that it again meets the 300 public holder requirement.

What happens if Nasdaq does not accept EURK’s compliance plan?

If Nasdaq does not accept the plan, Eureka Acquisition will have the opportunity to appeal the decision to a Nasdaq Hearings Panel. The panel can review the situation and decide whether any additional time or relief is appropriate under Nasdaq rules.

Filing Exhibits & Attachments

4 documents