Polar Asset Management Partners Inc. Buys New Holdings in Eureka Acquisition Corp. $EURK

Key Points

• Polar Asset Management Partners Inc. acquired a new stake in Eureka Acquisition Corp., purchasing 125,000 shares valued at approximately $1,288,000, representing about 1.63% ownership.
• Other institutional investors also increased their positions, with Quarry LP and Mizuho Securities USA LLC boosting their stakes significantly during the first quarter, indicating growing interest in Eureka Acquisition.
• Eureka Acquisition Corp. has seen stock performance fluctuating between a twelve-month low of $10.02 and a high of $10.83, currently trading around $10.68.

Polar Asset Management Partners Inc. acquired a new position in shares of Eureka Acquisition Corp. (NASDAQ:EURK - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 125,000 shares of the company's stock, valued at approximately $1,288,000. Polar Asset Management Partners Inc. owned 1.63% of Eureka Acquisition at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EURK. D. E. Shaw & Co. Inc. lifted its holdings in shares of Eureka Acquisition by 23.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 247,500 shares of the company's stock valued at $2,512,000 after buying an additional 47,500 shares during the last quarter. Toronto Dominion Bank acquired a new position in Eureka Acquisition in the fourth quarter worth approximately $2,638,000. Mizuho Securities USA LLC increased its holdings in Eureka Acquisition by 36.1% in the first quarter. Mizuho Securities USA LLC now owns 523,100 shares of the company's stock worth $5,346,000 after buying an additional 138,622 shares during the last quarter. Gabelli Funds LLC acquired a new position in Eureka Acquisition in the first quarter worth approximately $743,000. Finally, Quarry LP increased its holdings in Eureka Acquisition by 125.0% in the first quarter. Quarry LP now owns 225,000 shares of the company's stock worth $2,321,000 after buying an additional 125,000 shares during the last quarter.

Eureka Acquisition Stock Performance

NASDAQ:EURK remained flat at $10.73 during mid-day trading on Friday. The stock's 50 day simple moving average is $10.64 and its 200-day simple moving average is $10.45. Eureka Acquisition Corp. has a 52 week low of $10.02 and a 52 week high of $10.83.

Eureka Acquisition Profile

Eureka Acquisition Corp focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Grand Cayman, the Cayman Islands.