10:45 AM EDT, 07/02/2024 (MT Newswires) -- Eureka Acquisition (EURKU) said Tuesday it has priced its initial public offering of 5 million units at $10 per unit.

Each unit consists of one class A common share and one right that entitles the holder to receive one-fifth of a class A common share, the blank check company said. Underwriters are granted a 45-day option to purchase up to 750,000 additional units at the same IPO price, the company said.

The offering is expected to close Wednesday.

Eureka Acquisition said its units started trading on the Nasdaq Capital Market Tuesday under the ticker symbol "EURKU."