Eureka Acquisition (EURKU) Stock Price, News & Analysis

Company Overview

Eureka Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in Delaware, whose primary objective is to effect a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses. The company conducted its initial public offering of units on the Nasdaq under the ticker EURKU. These units consist of one share of common stock and a fraction of a warrant, providing investors with both equity and potential upside participation in future business combinations.

As a blank‐check vehicle, Eureka Acquisition has no commercial operations of its own. Instead, it seeks to identify and partner with private companies—often in sectors such as technology, fintech, consumer products or sustainability—that can benefit from access to public markets. Through its offering, the company raised capital that is held in a trust account and will be deployed once a suitable target business is identified and a definitive merger agreement is executed. Shareholder approval is then required to complete the transaction and transition the combined entity to the public markets.

Although Eureka Acquisition has yet to announce a definitive business combination, its management team brings experience in corporate finance, investment banking and operations. The SPAC structure allows private firms to access public equity capital with greater speed and certainty compared to a traditional initial public offering. Investors participate in Eureka Acquisition’s search for growth‐stage or established private companies that can leverage the resources, visibility and liquidity of a Nasdaq‐listed platform following a successful merger.

Key Stats

• Today's Range: $10.89 to $10.89
• 50-Day Range: $10.47 to $11.50
• 52-Week Range: $10.18 to $11.60
• Volume: 200 shs
• Average Volume: 556 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

EURKU Stock Analysis - Frequently Asked Questions

How have EURKU shares performed this year?

Eureka Acquisition's stock was trading at $10.29 at the start of the year. Since then, EURKU shares have increased by 5.8% and is now trading at $10.89.

When did Eureka Acquisition IPO?

Eureka Acquisition (EURKU) raised $50 million in an initial public offering (IPO) on Tuesday, July 2nd 2024. The company issued 5,000,000 shares at a price of $10.00 per share.

How do I buy shares of Eureka Acquisition?

Shares of EURKU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Financial Services
• Industry: Shell Companies
• Sub-Industry: Trading
• Current Symbol: NASDAQ:EURKU
• CIK: 2000410
• Web: N/A
• Phone: (949) 899-1827
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: N/A
• Beta: N/A