Eureka Acquisition Corp’s Lock-Up Period Will End Tomorrow (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. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Eureka Acquisition Stock Performance

Eureka Acquisition stock opened at $10.29 on Friday. The company has a 50 day moving average of $10.31. Eureka Acquisition has a twelve month low of $10.05 and a twelve month high of $10.65.

Institutional Investors Weigh In On Eureka Acquisition

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