Eureka Acquisition Corp’s Lock-Up Period To Expire on December 30th (NASDAQ:EURKU)

Eureka Acquisition’s (NASDAQ:EURKU) lock-up period is set to expire on Monday, December 30th. Eureka Acquisition had issued 5,000,000 shares in its public offering on July 2nd. The total size of the offering was $50,000,000 based on an initial share price of $10.00. After the end of Eureka Acquisition’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Eureka Acquisition Stock Up 0.3 %

NASDAQ:EURKU opened at $10.29 on Wednesday. Eureka Acquisition has a 1-year low of $10.05 and a 1-year high of $10.65. The business’s 50 day moving average price is $10.31.

Institutional Investors Weigh In On Eureka Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in EURKU. Polar Asset Management Partners Inc. acquired a new stake in shares of Eureka Acquisition during the 3rd quarter worth approximately $1,278,000. Wolverine Asset Management LLC acquired a new stake in shares of Eureka Acquisition during the third quarter valued at about $1,451,000. Finally, Rivernorth Capital Management LLC bought a new stake in Eureka Acquisition during the 3rd quarter worth approximately $2,300,000.

Eureka Acquisition Company Profile

Eureka Acquisition Corp focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Grand Cayman, the Cayman Islands.