Eureka Acquisition Corp [EURKR]
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Eureka Acquisition Corp rights are derivative securities that give holders the ability to purchase additional shares of common stock at a specified price when exercised. Rights are typically issued in SPAC transactions alongside units or common shares and may become exercisable upon completion of a business combination or other triggering events. The value of rights depends on the terms of exercise, including the exercise price relative to the current stock price and any conditions precedent to exercise. Rights generally have expiration dates and may be redeemed by the company under certain circumstances outlined in the corporate documents.