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

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 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, major shareholders and company insiders will be able to sell their shares of the company.

Eureka Acquisition Stock Up 0.3 %

Shares of EURKU stock opened at $10.29 on Friday. Eureka Acquisition has a 52-week low of $10.05 and a 52-week high of $10.65. The stock has a 50-day moving average price of $10.31.

Institutional Trading of Eureka Acquisition

Large investors have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC bought a new stake in shares of Eureka Acquisition in the third quarter valued at $2,300,000. Wolverine Asset Management LLC bought a new stake in Eureka Acquisition in the 3rd quarter valued at about $1,451,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in Eureka Acquisition during the third quarter valued at about $1,278,000.

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.