Eureka Acquisition Corp. has entered into a new financing agreement to support its ongoing business combination efforts. On July 31, 2025, the company deposited a Monthly Extension Fee of $150,000 into its trust account, extending its deadline to finalize a business combination from August 3, 2025, to September 3, 2025. This extension was facilitated by its sponsor, Hercules Capital Management Corp, who provided the funds and received an unsecured promissory note in return. This Extension Note, amounting to $150,000, offers the sponsor the option to convert the debt into private units of Eureka Acquisition Corp. The agreement allows the sponsor to convert the note into shares, aligning with the company's strategic goals. The note bears no interest and is due upon completion of a business combination or at the end of the company's term, with specific conditions outlined for default.
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