Eureka Acquisition (NASDAQ:EURK) Releases Quarterly Earnings Results

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

Eureka Acquisition Stock Performance

EURK stock traded down $0.02 on Friday, reaching $11.50. The company’s stock had a trading volume of 2,617 shares, compared to its average volume of 1,003. The firm has a fifty day moving average of $11.31 and a two-hundred day moving average of $11.11. Eureka Acquisition has a 52 week low of $10.30 and a 52 week high of $12.66.

Hedge Funds Weigh In On Eureka Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crossingbridge Advisors LLC acquired a new stake in Eureka Acquisition during the third quarter valued at approximately $1,431,000. Clear Street Group Inc. acquired a new stake in Eureka Acquisition during the third quarter valued at approximately $729,000. Berkley W R Corp boosted its holdings in Eureka Acquisition by 3.2% during the first quarter. Berkley W R Corp now owns 315,488 shares of the company’s stock valued at $3,578,000 after purchasing an additional 9,860 shares in the last quarter. Meteora Capital LLC acquired a new stake in Eureka Acquisition during the third quarter valued at approximately $1,386,000. Finally, Polar Asset Management Partners Inc. boosted its holdings in Eureka Acquisition by 193.0% during the first quarter. Polar Asset Management Partners Inc. now owns 167,000 shares of the company’s stock valued at $1,894,000 after purchasing an additional 110,000 shares in the last quarter.

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.