Eureka Acquisition Corp Receives Nasdaq Notification for Minimum Public Holders Rule Non-Compliance

Key Points:

• On April 6, 2026, Eureka Acquisition Corp (“the Company”) received a written notice from the Listing Qualifications Staff of Nasdaq Stock Market LLC (“Nasdaq”).
• The notice indicated the Company no longer complies with Nasdaq Capital Market continued listing criteria, specifically Listing Rule 5550(a)(3), known as the Minimum Public Holders Rule.
• This rule requires a minimum of 300 public holders for continued listing on Nasdaq.
• The notification is not an immediate delisting action and does not currently impact the listing or trading of the Company’s securities.

Details Investors and Shareholders Must Know:

• Compliance Timeline: Eureka Acquisition Corp has 45 calendar days, until May 21, 2026, to submit a plan to regain compliance with the Minimum Public Holders Rule.
• If the Company cannot regain compliance by that date, it intends to submit a compliance plan within the required timeframe.
• If Nasdaq accepts the compliance plan, an extension of up to 180 calendar days from the date of the notice may be granted to evidence compliance.
• If Nasdaq rejects the plan, the Company will have an opportunity to appeal to a Nasdaq Hearings Panel.
• This process does not affect the current trading or listing status, but it signals a regulatory risk and potential future action.

Potential Price-Sensitive Implications:

• This notification reflects a deficiency in meeting Nasdaq’s requirements and, while not an immediate delisting, introduces uncertainty regarding the Company’s continued listing.
• If the Company fails to regain compliance or if Nasdaq rejects its remediation plan, there is a risk of eventual delisting, which could significantly impact share liquidity, market valuation, and shareholder confidence.
• Investors should monitor Company communications closely for updates regarding compliance efforts and Nasdaq’s response to any submitted plans.

Corporate Status and Securities:

• Eureka Acquisition Corp is headquartered in Singapore and is classified as an emerging growth company under Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Securities Exchange Act of 1934.
• The Company’s securities registered on Nasdaq include:
  • Units: Consisting of one Class A ordinary share (\$0.0001 par value) and one right to acquire one-fifth of one Class A ordinary share. Trading Symbol: EURKU.
  • Class A ordinary shares: Par value \$0.0001 per share. Trading Symbol: EURK.
  • Rights: Each whole right to acquire one-fifth of one Class A ordinary share. Trading Symbol: EURKR.
• The Company has not elected to use the extended transition period for complying with new or revised financial accounting standards, which is relevant for emerging growth companies.

Forward-Looking Statements:

• The Company notes that it makes forward-looking statements regarding expectations and forecasts for future events.
• These statements are subject to substantial risks and uncertainties, including the ability to submit a satisfactory plan to Nasdaq and to demonstrate compliance with the Minimum Public Holders Rule.
• Actual results may differ materially from those expressed or implied. The Company does not undertake any obligation to update forward-looking statements.

Disclaimer:
This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. Investors should consult their own financial advisors and review official company filings and communications for further details. The information contained herein is based on public filings and may be subject to change or update.

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