Eureka Acquisition Corp Receives 150000 Sponsor Loan Extension to Extend Business Combination Deadline
Reuters
Oct 08
Eureka Acquisition Corp Receives 150000 Sponsor Loan Extension to Extend Business Combination Deadline
Eureka Acquisition Corp. has extended the period to complete its initial business combination by one month, from October 3, 2025 to November 3, 2025, through the deposit of a $150,000 Monthly Extension Fee into its trust account. This payment was made by Hercules Capital Management Corp., the company's sponsor. In connection with this transaction, Eureka Acquisition Corp. issued an unsecured promissory note in the principal amount of $150,000 to the sponsor. The note bears no interest and is payable in full upon the earlier of the consummation of the company's business combination or the expiry of its term. The issuance of the note was made under an exemption from registration pursuant to Section 4(a)(2) of the Securities Act of 1933.
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