Eureka Acquisition Corp has reported its financial results for the quarter ending June 30, 2026, revealing a net income of $79,232, a decrease from $354,378 in the same period last year. The company generated interest income of $278,500 from its Trust Account, which was offset by general and administrative expenses of $199,268. For the nine months ending June 30, 2026, net income was $110,299, down from $1,304,272 in the prior year, primarily due to a significant reduction in interest income, which fell to $850,709 from $1,894,408.
The company’s total assets increased to $33.6 million as of June 30, 2026, compared to $31.4 million at the end of the previous fiscal year. This growth was largely attributed to an increase in investments held in the Trust Account, which rose to $33.5 million from $31.3 million. However, total liabilities surged to $33.2 million, up from $724,581, primarily due to a public shareholder redemption payable of $30.4 million, reflecting the redemption of 2,655,132 Class A ordinary shares during the quarter.
Eureka Acquisition Corp is currently in the process of completing a business combination with Marine Thinking Inc., an autonomous ship and fleet solution provider. The company has amended its business combination agreement to revise the requirements for post-closing directors. Additionally, the company held an extraordinary general meeting on June 29, 2026, where shareholders approved an extension of the period to complete the business combination until July 3, 2027, allowing for up to 12 one-month extensions.
As of June 30, 2026, the company had a working capital deficit of $33.1 million, raising concerns about its ability to continue as a going concern. The company has until August 3, 2026, to complete its initial business combination, with the possibility of extending this deadline to July 3, 2027. Management has indicated that while they believe they will have sufficient funds to execute their business strategy, there is substantial doubt about the company’s ability to continue operating if the business combination is not completed within the specified timeframe.
Looking ahead, Eureka Acquisition Corp is focused on finalizing its business combination with Marine Thinking and addressing its liquidity challenges. The company has indicated that it may need to secure additional financing to meet its obligations and successfully complete the business combination. The ongoing global economic conditions and market volatility may also impact the company’s ability to raise the necessary capital and finalize the transaction.
About Eureka Acquisition Corp
Eureka Acquisition Corp. is a blank check company focused on identifying and completing a merger or acquisition with a private business, primarily in Asia. It aims to leverage experienced management, extensive deal sourcing networks, and a structure that offers target companies an alternative to traditional IPOs. The company seeks resilient, industry-leading businesses with growth potential, benefiting from being publicly listed to enhance capital access and visibility.
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