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SEC filingEureka Acquisition Corp extended its initial business combination deadline by one month to May 3, 2026, via a $150,000 trust deposit funded by Marine Thinking through an unsecured promissory note.
This one-month extension provides Eureka Acquisition Corp additional time to complete its initial business combination with Marine Thinking Inc., pursuant to their October 29, 2025 business combination agreement. The $150,000 deposit into the Trust Account, funded via an interest-free promissory note, preserves liquidity for public shareholders while deferring cash outflow. The note's convertibility into private units at a $10.00 price offers Marine Thinking potential equity upside upon deal closure, aligning sponsor interests with completion. Events of default include payment delays, bankruptcy, and breaches, with acceleration rights for the payee. Units from conversion carry transfer restrictions until business combination and registration rights, consistent with SPAC private placement norms. Exhibit 10.1 details full note terms under New York law.