Business Context and Reporting Period
Eureka Acquisition Corp, a Cayman Islands exempted company, filed this Form 8-K on September 2, 2026, regarding events occurring on August 27, 2026. The Company's securities (Units, Class A ordinary shares, and Rights) trade on The Nasdaq Stock Market LLC under the symbols EURKU, EURK, and EURKR, respectively.
Key Financial Metrics
This filing is a current report regarding listing compliance and does not contain financial statements. Consequently, the filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes and Listing Deficiencies
On August 27, 2026, the Company received two notices from Nasdaq indicating failures to meet continued listing standards:
- Public Float Deficiency: The Company no longer meets the minimum requirement of 500,000 publicly held shares under Nasdaq Listing Rule 5550(a)(4).
- Market Value of Listed Securities (MVLS) Deficiency: For the previous 30 consecutive business days, the MVLS was below the $35 million minimum requirement under Nasdaq Listing Rule 5550(b)(2).
These notices are notifications of deficiency and do not currently affect the listing or trading of the Company's securities.
Outlook, Compliance Plans, and Risks
Compliance Deadlines:
- Public Float: The Company has 45 calendar days (until October 12, 2026) to submit a plan to regain compliance. If accepted, an extension may be granted. If rejected, the Company may appeal to a Hearings Panel.
- MVLS: The Company has 180 calendar days (until February 23, 2027) to regain compliance. To succeed, the MVLS must reach at least $35 million for a minimum of 10 consecutive business days during this period.
Risks and Uncertainties:
- There is no assurance that the Company will be able to submit a satisfactory compliance plan or regain the required market value.
- If the Company fails to regain compliance with the MVLS Rule by the deadline, its securities will be subject to delisting.
- Any appeal of a delisting determination is not guaranteed to be successful.
Investor Verification Checklist
- Verify the current number of publicly held shares to assess the severity of the Public Float deficiency.
- Monitor the daily market price and volume to determine if the $35 million MVLS threshold can be met within the 180-day window.
- Review future filings for the submission of a compliance plan to Nasdaq by October 12, 2026.
- Check for any announcements regarding a potential merger, capital raise, or other corporate actions intended to restore listing compliance.