Eureka Acquisition Corp (NASDAQ: EURK) is a blank check special purpose acquisition company incorporated in the Cayman Islands on June 13, 2023, formed for the purpose of completing a merger, share exchange, asset acquisition, share purchase, recapitalization, or similar business combination with one or more target businesses. The company generates no operating revenue. Its only income is interest earned on cash held in a Trust Account established after its IPO, which closed on July 3, 2024, raising $50,000,000 in gross proceeds from 5,000,000 units priced at $10.00 each. For the fiscal year ended September 30, 2025, net income was $1,370,753, consisting of $2,230,500 in Trust Account interest offset by $859,747 in general and administrative expenses. The company's stated initial target focus is Asia, excluding China-based issuers. As of the 10-K filing dated December 15, 2025, a proposed business combination with Marine Thinking Inc. was in progress. The sponsor is Hercules Capital Management Corp, which owned approximately 33.89% of issued and outstanding shares as of the filing date. CEO and Chairman is Dr. Fen Zhang, serving since June 2023.

Revenue model

No operating revenue. Income is limited to interest earned on Trust Account assets. The company pays its sponsor $10,000 per month for office space, utilities, and administrative support.

Products and services

Blank check SPAC vehicle. IPO units consisting of one Class A ordinary share and one right to receive one-fifth of a Class A ordinary share upon business combination completion. Private placement units sold to sponsor Hercules Capital Management Corp.

Customers and end markets

Public shareholders who purchased units in the July 3, 2024 IPO. No commercial customers or end markets. Target business combination focus is Asia, excluding China-based issuers, per the 10-K filed December 15, 2025.

Value-chain role

SPAC sponsor vehicle. Raises capital via public markets and seeks to identify, negotiate, and complete an acquisition or merger with a private operating business.

Geographic exposure

Incorporated in Cayman Islands. Executive offices located in Singapore. Target acquisition focus initially on Asia, per 10-K filed December 15, 2025.

Source: SEC 10-K, filed 2025-12-15

Industry: Water Transportation