Eureka Acquisition Corp, a blank check company incorporated as a Cayman Islands exempted company, has announced the successful closing of its initial public offering (IPO) with gross proceeds of $50 million. The IPO involved the sale of 5,000,000 units at $10.00 per unit, each consisting of one Class A ordinary share and one right. The units began trading on Nasdaq under the ticker symbol EURKU. Post-separation, the Class A shares and rights will trade under EURK and EURKR respectively. The company has also enabled a 45-day option for underwriters to purchase an additional 750,000 units to cover over-allotments. Maxim Group LLC acted as the sole book-running manager. This IPO will facilitate Eureka’s goal of executing a significant business combination, although no assurance can be given on the precise usage of net proceeds. The offering was approved by the SEC, emphasizing adherence to financial regulations typical of such ventures.

Finance, Investment,United States, Cayman Islands