Crossingbridge Advisors LLC Purchases Shares of 133,889 Eureka Acquisition Corp. $EURK

Crossingbridge Advisors LLC acquired a new position in shares of Eureka Acquisition Corp. (NASDAQ:EURK) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 133,889 shares of the company’s stock, valued at approximately $1,431,000. Crossingbridge Advisors LLC owned 2.77% of Eureka Acquisition at the end of the most recent quarter.

Separately, Clear Street LLC acquired a new position in Eureka Acquisition during the 2nd quarter worth $2,283,000.

Eureka Acquisition Price Performance

NASDAQ:EURK opened at $11.21 on Monday. Eureka Acquisition Corp. has a 12 month low of $10.27 and a 12 month high of $11.28. The business’s fifty day moving average price is $11.11 and its 200 day moving average price is $10.91.

Eureka Acquisition (NASDAQ:EURK) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Eureka Acquisition in a research report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Eureka Acquisition Profile

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.