Eureka Acquisition Corp (NASDAQ:EURKU – Get Free Report) shares traded down 6.5% during mid-day trading on Tuesday . The company traded as low as $11.64 and last traded at $11.30. Approximately 100 shares were traded during trading, a decline of 89% from the average session volume of 913 shares. The stock had previously closed at $12.09.
Eureka Acquisition Price Performance
The firm’s fifty day simple moving average is $11.47 and its 200-day simple moving average is $11.09.
Eureka Acquisition Company Profile
Eureka Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in Delaware, whose primary objective is to effect a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses. The company conducted its initial public offering of units on the Nasdaq under the ticker EURKU. These units consist of one share of common stock and a fraction of a warrant, providing investors with both equity and potential upside participation in future business combinations.
As a blank‐check vehicle, Eureka Acquisition has no commercial operations of its own.
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