Eureka Acquisition Corp 8-K

What Happened
On April 6, 2026, Eureka Acquisition Corp (EURK) received a notice from the Nasdaq Listing Qualifications Staff that it does not meet Nasdaq Capital Market Listing Rule 5550(a)(3), which requires at least 300 public holders. The notice is a deficiency notification—not an immediate delisting—and has no current effect on the company’s listing or trading. The company has 45 calendar days (until May 21, 2026) to submit a plan to regain compliance. If Nasdaq accepts a compliance plan, Nasdaq may grant up to 180 calendar days from the notice date to evidence compliance; if Nasdaq rejects the plan, the company can appeal to a Nasdaq Hearings Panel.

Key Details

• Notice date: April 6, 2026; deadline to submit a compliance plan: May 21, 2026 (45 days).
• Nasdaq rule cited: Listing Rule 5550(a)(3) — minimum of 300 public holders.
• Current effect: No immediate delisting; trading of the company’s securities on Nasdaq continues.
• Possible outcomes: Nasdaq may grant up to a 180-day extension if it accepts a plan; the company can appeal a rejection to a Nasdaq Hearings Panel.

Why It Matters
A continued failure to meet the 300-public-holders requirement could lead to delisting proceedings, which can reduce liquidity and negatively affect share value. For now, trading is unaffected and the company plans to pursue a compliance plan if needed. Retail investors should watch for the company’s plan filing, any Nasdaq response, and subsequent SEC disclosures for updates. The 8-K also contains forward-looking statements noting uncertainty about the company’s ability to regain compliance.