Eureka Acquisition Files for $50M IPO

Asia-focused Eureka Acquisition registered to offer 5 million units at $10 each. A unit consists of Class A share and one right. Each right entitles the holder to receive one-fifth of a share. Hercules Capital Management is the sponsor.

 “We intend to focus our search initially on target businesses operating in Asia, and we may consummate a business combination with an entity located in the People's Republic of (including Hong Kong and Macau),” the new SPAC said in the filing.

Eureka plans to apply for a Nasdaq listing and has not yet selected a ticker symbol.

Dr. Fen Zhang is CEO, and Chairman. He has over a decade of experience in investment banking and fund management industries involved in IPOs and other capital markets transactions in the U.S., Canada, mainland China and Hong Kong, with over 20 years of industrial experiences and connections with financial institutions, investment banks, funds and accredited , according to the filing.

is sole bookrunner on the deal. Read more.

Source: Eureka Acquisition Files for M IPO