Eureka Acquisition Corp (SPAC) announced a definitive Business Combination Agreement (BCA) on October 29, 2025, with Marine Thinking Inc., a Canadian technology company specializing in autonomous marine AI systems. The combined entity will be named Marine Thinking Holdings Inc. and list on NASDAQ.
Transaction Structure & Valuation: The transaction involves a Cayman SPAC continuance into Canada followed by an amalgamation. The pre-money valuation is set at \(130 million, supplemented by potential concurrent Pre-IPO Investment proceeds (capped at \)6.5 million). Consideration is paid in SPAC
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