Eureka Acquisition (NASDAQ:EURK) Releases Earnings Results

Eureka Acquisition (NASDAQ:EURK) issued its quarterly earnings data on Friday. The company reported $0.13 earnings per share for the quarter, FiscalAI reports.

Eureka Acquisition Stock Down 0.2%

Shares of EURK traded down $0.02 during mid-day trading on Friday, hitting $11.50. 2,617 shares of the company were exchanged, compared to its average volume of 1,003. Eureka Acquisition has a 1-year low of $10.30 and a 1-year high of $12.66. The company has a 50 day moving average of $11.31 and a 200-day moving average of $11.11.

Institutional Trading of Eureka Acquisition

Hedge funds have recently bought and sold shares of the business. Crossingbridge Advisors LLC acquired a new stake in Eureka Acquisition in the 3rd quarter valued at about $1,431,000. Clear Street Group Inc. acquired a new stake in Eureka Acquisition in the 3rd quarter valued at about $729,000. Berkley W R Corp raised its holdings in Eureka Acquisition by 3.2% in the 1st quarter. Berkley W R Corp now owns 315,488 shares of the company’s stock valued at $3,578,000 after acquiring an additional 9,860 shares during the last quarter. Finally, Meteora Capital LLC acquired a new stake in Eureka Acquisition in the 3rd quarter valued at about $1,386,000.

About Eureka Acquisition

Eureka Acquisition Co (NASDAQ: EURK) is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. As a blank‐check vehicle, the company raised capital through an initial public offering to pursue mergers, acquisitions or other business combinations. Eureka Acquisition does not engage in any operational business activities of its own and has not yet announced a definitive target or transaction.

The company’s charter provides a fixed time frame—typically 24 to 36 months—to identify and complete a qualifying business combination.