Eureka Acquisition Corp. Secures $150,000 Extension Loan from Hercules Capital Management to Extend Business Combination Deadline
Reuters
Sep 05
<a href="https://laohu8.com/S/EURK">Eureka Acquisition Corp</a>. Secures $150,000 Extension Loan from Hercules Capital Management to Extend Business Combination Deadline
Eureka Acquisition Corp., a Cayman Islands exempted company, has secured a financial arrangement with its sponsor, Hercules Capital Management Corp. On September 2, 2025, Hercules Capital Management deposited $150,000 into Eureka's trust account to extend the company's deadline for completing its initial business combination from September 3, 2025, to October 3, 2025. This transaction involved Eureka issuing an unsecured promissory note, the Extension Note, to Hercules Capital Management. The note, which bears no interest, is payable upon the consummation of the business combination or upon the company's term expiry. Additionally, Hercules Capital Management has the option to convert the note into private units of Eureka, consisting of Class A ordinary shares and rights to further shares, by notifying the company at least two business days before the business combination's closing.
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