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

Eureka Acquisition’s (NASDAQ:EURKU) lock-up period will end 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, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Eureka Acquisition Stock Performance

Shares of EURKU stock opened at $10.29 on Monday. The stock’s fifty day simple moving average is $10.31. Eureka Acquisition has a 1-year low of $10.05 and a 1-year high of $10.65.

Institutional Trading of Eureka Acquisition

Several large investors have recently bought and sold shares of the stock. Polar Asset Management Partners Inc. acquired a new position in shares of Eureka Acquisition in the third quarter valued at about $1,278,000. Wolverine Asset Management LLC purchased a new stake in Eureka Acquisition in the third quarter valued at approximately $1,451,000. Finally, Rivernorth Capital Management LLC acquired a new position in Eureka Acquisition in the 3rd quarter worth approximately $2,300,000.

About Eureka Acquisition

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.