Eureka Acquisition Corp Notified of Nasdaq Public Float and MVLS Deficiencies

What Happened
Eureka Acquisition Corp (EURK) filed an 8-K reporting that on August 27, 2026 Nasdaq sent two written deficiency notices: one saying the company no longer meets the minimum 500,000 publicly held shares (Nasdaq Rule 5550(a)(4)), and a second saying its market value of listed securities (MVLS) was below the $35 million minimum (Nasdaq Rule 5550(b)(2)) for the prior 30 business days. Both notices are deficiency notifications only and do not currently affect the trading or listing of the company's securities.

Key Details

• Date of notices: August 27, 2026.
• Public float deficiency: fewer than 500,000 publicly held shares (Nasdaq Rule 5550(a)(4)); Company has 45 days (until October 12, 2026) to submit a plan to Nasdaq to regain compliance.
• MVLS deficiency: MVLS below $35 million for the prior 30 consecutive business days (Nasdaq Rule 5550(b)(2)); Company has 180 days (until February 23, 2027) to achieve MVLS ≥ $35M for at least 10 consecutive business days.
• If Nasdaq rejects a plan or the Company fails to regain compliance, Nasdaq may initiate delisting proceedings; the Company may appeal under applicable Nasdaq rules.

Why It Matters
These notices signal the company is currently out of compliance with Nasdaq listing standards for public float and market value, which are prerequisites for staying listed on the Nasdaq Capital Market. While trading continues and the notices are not immediate delisting orders, failure to regain compliance within the specified timeframes could lead to delisting proceedings—an outcome that can limit liquidity and access to capital for investors. The company said it is monitoring its MVLS and evaluating options to regain compliance but provided no assurance it will succeed.