공시 • Apr 10
Eureka Acquisition Corp Announces Notice of Non-Compliance with Nasdaq Listing Rule On April 6, 2026, Eureka Acquisition Corp. (the Company) received written notice (the Notice) from the Listing Qualifications Staff of the Nasdaq Stock Market LLC (Nasdaq) indicating that the Company no longer complies with the Nasdaq Capital Market continued listing criteria set in Listing Rule 5550(a)(3) (the Minimum Public Holders Rule), which requires the Company to maintain a minimum of 300 public holders for continued listing on Nasdaq. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company's securities on the Nasdaq. The Notice states that the Company has 45 calendar days, or until May 21, 2026, to submit a plan to regain compliance with the Minimum Public Holders Rule. If the Company is unable to regain compliance by that date, the Company intends to submit a plan to regain compliance with the Minimum Public Holders Rule within the required timeframe. If Nasdaq accepts the Company's compliance plan, then Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice to evidence compliance. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. Board Change • Jan 15
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Chairman of the Board, CEO & Secretary Eric Zhang is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Chairman of the Board, CEO & Secretary Eric Zhang is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$669k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$669k free cash flow). Negative equity (-US$625k). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (US$52.8m market cap). 공시 • Nov 04
Marine Thinking Inc. entered into a definitive business combination agreement to acquire Eureka Acquisition Corp (NasdaqCM:EURK) in a reverse merger transaction for $130 million. Marine Thinking Inc. entered into a definitive business combination agreement to acquire Eureka Acquisition Corp (NasdaqCM:EURK) in a reverse merger transaction for $130 million on October 29, 2025. Pursuant to the Business Combination Agreement, Eureka will combine with Marine Thinking and pay an aggregate consideration of $130 million in Eureka shares, to be paid to Marine Thinking’s shareholders at the closing. Upon the closing of the Proposed Transaction, the Combined Company will be named Marine Thinking Holdings Inc. and will be listed on NASDAQ.
The Boards of Directors of Marine Thinking and Eureka have unanimously approved the Proposed Transaction, which remains subject to approval by the shareholders of both parties, to the satisfaction of the conditions stated in the Business Combination Agreement and other customary closing conditions, including that the U.S. Securities and Exchange Commission (the “SEC”) completes its review of the registration statement on Form S-4 and the proxy statement/prospectus contained therein, the receipt of certain Canadian regulatory approvals, and the approval by NASDAQ to list the securities of the Combined Company.
DLA Piper UK LLP acted as legal advisor for Eureka Acquisition Corp. DLA Piper LLP acted as legal advisor for Eureka Acquisition Corp. Loeb & Loeb LLP acted as legal advisor for Marine Thinking Inc. Kuo Securities Law Professional Corporation acted as legal advisor for Marine Thinking Inc. Board Change • Sep 30
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Chairman of the Board, CEO & Secretary Eric Zhang is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 