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

Eureka Acquisition’s (NASDAQ:EURKU) lock-up period will expire on Monday, December 30th. Eureka Acquisition had issued 5,000,000 shares in its initial 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 expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Eureka Acquisition Stock Performance

NASDAQ EURKU opened at $10.29 on Monday. The firm’s 50 day moving average is $10.31. Eureka Acquisition has a fifty-two week low of $10.05 and a fifty-two week high of $10.65.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EURKU. Polar Asset Management Partners Inc. purchased a new position in Eureka Acquisition during the 3rd quarter worth $1,278,000. Wolverine Asset Management LLC purchased a new position in shares of Eureka Acquisition during the third quarter valued at $1,451,000. Finally, Rivernorth Capital Management LLC purchased a new position in shares of Eureka Acquisition during the third quarter valued at $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.