Announcement • Jun 10
Eureka Acquisition Corp Receives Extension to Regain Compliance with Nasdaq Listing Rule On June 5, 2026, Eureka Acquisition Corp. received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Markets (“Nasdaq”) stating that the Nasdaq Staff had determined to grant the Company an extension of time through October 3, 2026 to regain compliance with Listing Rule 5550(a)(3). As previously disclosed, the Company had received a separate written notice from Nasdaq stating that the Company did not meet the requirements of the Minimum Public Holders Rule. The Company submitted its plan of compliance on April 20, 2026 accordingly. Based on the review of the materials submitted by the Company, Nasdaq determined to grant the Company an extension until October 3, 2026 to regain compliance with the Minimum Public Holders Rule. Announcement • 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. 