Eureka Acquisition Corp postpones its Extraordinary General Meeting to June 30, 2025, allowing more time for shareholder engagement.
Quiver AI Summary
Eureka Acquisition Corp has announced the postponement of its Extraordinary General Meeting originally scheduled for June 25, 2025, now set for June 30, 2025, to allow for more engagement with shareholders. The meeting will include a vote on several proposals, including an amendment to the Company’s charter which would extend the deadline for completing a business combination to July 3, 2026, with the option for up to twelve one-month extensions. The record date for voter eligibility remains May 23, 2025, and shareholders can still vote or change their previous proxy submissions. The redemption request deadline has also been extended to June 26, 2025. Shareholders with questions can contact the Company or its proxy solicitor for assistance.
Potential Positives
- The postponement of the Extraordinary General Meeting allows the Company additional time to engage with shareholders, potentially leading to increased shareholder support and involvement.
- The extension of the deadline for redemption requests provides shareholders more flexibility, which may enhance their satisfaction with the management of their investments.
- The Company maintains its commitment to transparency by ensuring that shareholders who have already voted do not need to take further action, thereby simplifying the process for them.
Potential Negatives
- The postponement of the Extraordinary General Meeting may indicate a lack of readiness or confidence in completing the proposed business combination by the deadline, which could impact shareholder trust.
- The extension of the deadline for completing a business combination raises concerns about the company's ability to secure a viable deal within the initially anticipated timeframe.
- Postponing the meeting could lead to uncertainty among investors and potential declines in share price due to perceived instability or indecisiveness in strategic direction.
FAQ
What is the new date for the Extraordinary General Meeting?
The Extraordinary General Meeting is postponed to 9:00 a.m. Eastern Time on June 30, 2025.
What proposals will be discussed at the meeting?
Key proposals include amending the charter for a business combination deadline extension until July 3, 2026.
When is the deadline for shareholder redemption requests?
The deadline for redemption requests has been extended to June 26, 2025.
Who can vote at the Extraordinary General Meeting?
Shareholders as of the record date, May 23, 2025, can vote regardless of whether they sold their shares.
How can shareholders contact the Company for more information?
Shareholders can reach the proxy solicitor, Advantage Proxy, Inc., at (877) 870-8565 for inquiries.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
New York, June 23, 2025 (GLOBE NEWSWIRE) -- Eureka Acquisition Corp (the “Company”) (Nasdaq: EURK), a blank check company, today announced that its previously announced extraordinary general meeting in lieu of an annual general meeting of shareholders (the “Extraordinary General Meeting”) will be postponed from 9:00 a.m. Eastern Time on June 25, 2025 to 9:00 a.m. Eastern Time on June 30, 2025 (the “Postponement”) to allow the Company additional time to engage with shareholders.
The Extraordinary General Meeting is to be held for the purpose of considering and voting on, among other proposals, a proposal to amend the Company’s current charter to provide that the Company has until July 3, 2025 to complete a business combination and may elect to extend up to twelve times, each by a one-month extension, for a total of up to twelve months to July 3, 2026.
The record date for determining the Company shareholders entitled to receive notice of and to vote at the Extraordinary General Meeting remains the close of business on May 23, 2025 (the “Record Date”). Shareholders as of the Record Date can vote, even if they have subsequently sold their shares. Shareholders who have previously submitted their proxies or otherwise voted and who do not want to change their vote need not to take any action. Shareholders who have not yet done so are encouraged to vote as soon as possible.
As a result of the Postponement, the previously disclosed deadline of June 23, 2025 (two business days before the Extraordinary General Meeting, as originally scheduled) for delivery of redemption requests from the Company’s shareholders to the Company’s transfer agent has been extended to June 26, 2025 (two business days before the postponed Extraordinary General Meeting). Shareholders who wish to withdraw their previously submitted redemption request may do so prior to the postponed Extraordinary General Meeting by requesting that the Company’s transfer agent return such shares by 5:00 p.m. Eastern Time on June 26, 2025.
There is no change to the location, the record date, or any of the other proposals to be acted upon at the Extraordinary General Meeting.
If you have questions regarding the certification of your position or delivery of your shares, please contact:
Continental Stock Transfer & Trust Company
1 State Street 30th Floor
New York, NY 10004-1561
E-mail:
[email protected]
The Company’s shareholders who have questions regarding the Postponement, the Extraordinary General Meeting, or would like to request documents may contact the Company’s proxy solicitor, Advantage Proxy, Inc., at (877) 870-8565, or banks and brokers can call (206) 870-8565, or by email at [email protected] .
About Eureka Acquisition Corp
Eureka Acquisition Corp is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, incorporated for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as “believes,” “expects,” “intends,” “plans,” “estimates,” “assumes,” “may,” “should,” “will,” “seeks,” or other similar expressions. Such statements may include, but are not limited to, statements regarding the date of the Extraordinary General Meeting and the redemption request deadline. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.
Additional Information and Where to Find It
On June 3, 2025, the Company filed a definitive proxy statement with the Securities and Exchange Commission (the “SEC”) in connection with its solicitation of proxies for the Extraordinary General Meeting. The Company will amend and supplement the definitive proxy statement to provide information about the Postponement and the redemption request deadline. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER DOCUMENTS THE COMPANY FILES WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the definitive proxy statement (including any amendments or supplements thereto) and other documents filed with the SEC through the web site maintained by the SEC at www.sec.gov or by contacting the Company’s proxy solicitor.
Participants in the Solicitation
The Company and its respective directors and officers may be deemed to be participants in the solicitation of proxies from shareholders in connection with the Extraordinary General Meeting. Additional information regarding the identity of these potential participants and their direct or indirect interests, by security holdings or otherwise, is set forth in the definitive proxy statement. You may obtain free copies of these documents using the sources indicated above.
Contact Information:
Fen Zhang
Chairman and Chief Executive Officer
Email:
[email protected]
Tel: +86 135 0189 0555