Eureka Acquisition Corp. Files 2024 Annual Report

TL;DR

Eureka Acquisition Corp. filed its 2024 10-K. Blank check company. Cayman Islands.

AI Summary

Eureka Acquisition Corp. filed its 10-K for the fiscal year ended September 30, 2024. The company, incorporated in the Cayman Islands, is a blank check company. Its principal executive offices are located in North Point, Hong Kong. The filing covers its annual report under Section 13 of the Securities Exchange Act of 1934.

Why It Matters

This 10-K filing provides a comprehensive overview of Eureka Acquisition Corp.'s financial performance and operational status for the past fiscal year, crucial for investors assessing the company's direction.

Risk Assessment

Risk Level: low — This is a standard 10-K filing for a blank check company, providing routine financial reporting without immediate significant new risks disclosed.

Key Numbers

• 2024 — Fiscal Year End (The report covers the fiscal year ending September 30, 2024.)
• 001-42152 — SEC File Number (Identifies the specific filing with the SEC.)

Key Players & Entities

• Eureka Acquisition Corp (company) — Filer of the 10-K
• September 30, 2024 (date) — Fiscal year end
• Cayman Islands (location) — Jurisdiction of incorporation
• North Point, Hong Kong (location) — Principal executive offices
• 001-42152 (other) — SEC file number

FAQ

Key Financial Figures

• $0.0001 — nsisting of one Class A ordinary share, $0.0001 par value, and one Right to acquire one
• $10.00 — Units were sold at an offering price of $10.00 per Unit, generating total gross procee
• $50,000,000 — nit, generating total gross proceeds of $50,000,000. On July 3, 2024, substantially concurr
• $2,167,500 — nit, generating gross proceeds to us of $2,167,500. In connection with the offering of the
• $7,500,000 — c Units"), generating gross proceeds of $7,500,000. Simultaneously with the issuance and s
• $112,500 — vate Unit, generating gross proceeds of $112,500. In connection with the IPO and the sa
• $57,500,000 — to the Representative. The proceeds of $57,500,000 from the IPO, the sale of the Option Un
• $575,000 — ne, must deposit into the Trust Account $575,000 on or prior to the date of the applicab
• $1,150,000 — nth extension (or up to an aggregate of $1,150,000) (the "Extension Fee"). Any such paymen
• $1,500,000 — our initial business combination. Up to $1,500,000 of the loans made by the Sponsor, our o
• $0.20 — ject to increase of up to an additional $0.20 per share in the event that our Sponsor

Filing Documents

• ea0224344-10k_eureka.htm (10-K) — 679KB
• ea022434401ex4-5_eureka.htm (EX-4.5) — 101KB
• ea022434401ex31-1_eureka.htm (EX-31.1) — 10KB
• ea022434401ex31-2_eureka.htm (EX-31.2) — 10KB
• ea022434401ex32-1_eureka.htm (EX-32.1) — 4KB
• ea022434401ex32-2_eureka.htm (EX-32.2) — 4KB
• ea022434401ex97_eureka.htm (EX-97) — 30KB
• 0001213900-24-112074.txt ( ) — 3870KB
• eurku-20240930.xsd (EX-101.SCH) — 36KB
• eurku-20240930_cal.xml (EX-101.CAL) — 20KB
• eurku-20240930_def.xml (EX-101.DEF) — 193KB
• eurku-20240930_lab.xml (EX-101.LAB) — 285KB
• eurku-20240930_pre.xml (EX-101.PRE) — 189KB
• ea0224344-10k_eureka_htm.xml (XML) — 295KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 11 Item 1B. Unresolved Staff Comments 11 Item 1C Cybersecurity 11 Item 2.

Properties

Properties 11 Item 3.

Legal Proceedings

Legal Proceedings 11 Item 4. Mine Safety Disclosures 11 PART II 12 Item 5. Market for Registrant's Common Equity, Related Shareholders Matters and Issuer Purchases of Equity Securities 12 Item 6. Reserved 13 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 13 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 16 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 17 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 17 Item 9A.

Controls and Procedures

Controls and Procedures 17 Item 9B. Other Information 18 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 18 PART III 19 Item 10. Directors, Executive Officers and Corporate Governance 19 Item 11.

Executive Compensation

Executive Compensation 25 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters 26 Item 13. Certain Relationships and Related Transactions, and Director Independence 27 Item 14. Principal Accounting Fees and Services 29 PART IV 30 Item 15. Exhibits, Financial Statement Schedules 30 Item 16. Form 10-K Summary 31 i CERTAIN TERMS References to the "Company," "our Company," "our," "us" or "we" refer to Eureka Acquisition Corp, a blank check company incorporated on June 13, 2023 as a Cayman Islands exempted corporation and formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this Annual Report on Form 10-K as our "initial business combination." References to the "Sponsor" refer to Hercules Capital Management Corp. References to "equity-linked securities" are to any securities of the Company which are convertible into, or exchangeable or exercisable for, equity securities of the Company, including any securities issued by the Company which are pledged to secure any obligation of any holder to purchase equity securities of the Company. References to the "SEC" are to the U.S. Securities and Exchange Commission. References to our "initial public offering" refer to our initial public offering, which closed on July 3, 2024. References to "public shares" are to shares of our Class A ordinary shares sold as part of the units in our initial public offering. References to "public shareholders" are to the holders of our public shares. SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS Certain statements in this Annual Report on Form 10-K (this "Report" or "Annual Report") may constitute "forward looking statements" for purposes of the federal securities laws. Our forward looking statements include, but are not limited to, statements regarding our or our m

Business Overview

Item 1. Business Overview. We are a blank check exempted company incorporated in the Cayman Islands on June 13, 2023, for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location but will initially focus on Asia. We intend to utilize cash derived from the proceeds of our initial public offering (the "IPO"), our securities, debt or a combination of cash, securities and debt, in effecting a business combination. We have not selected any target business for our initial business combination. Initial Public Offering and Private Placement On July 3, 2024, we consummated our IPO of 5,000,000 units ("Units"). Each Unit consists of one Class A ordinary share, $0.0001 par value per share (the "Class A Ordinary Share"), and one right (the "Rights") to receive one-fifth of one Class A Ordinary Share upon the completion of the initial business combination. The Units were sold at an offering price of $10.00 per Unit, generating total gross proceeds of $50,000,000. On July 3, 2024, substantially concurrently with the closing of the IPO, we completed the private sale (the "Private Placement") of 216,750 units (the "Initial Private Units") to our sponsor, Hercules Capital Management Corp (the "Sponsor"), at a purchase price of $10.00 per Initial Private Unit, generating gross proceeds to us of $2,167,500. In connection with the offering of the Units and the sale of Initial Private Units, the proceeds of $50,000,000 from the proceeds of the offering of the Units and the sale of Initial Private Units were placed in the Trust Account (as defined below). On July 3, 2024, Maxim Group LLC, the representative of the underwriters of the IPO (the "Representative") notified us of its exercise of the over-allotment option in full t

View Full Filing

View this 10-K filing on SEC EDGAR