Eureka Acquisition Corp [EURKU]
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Eureka Acquisition Corp [EURKU] represents units consisting of shares of Class A common stock and warrants. Each unit typically includes one share of common stock and a fraction of one redeemable warrant, with each whole warrant exercisable for one share of common stock at a predetermined price. Units are derivative securities commonly issued by special purpose acquisition companies (SPACs) during their initial public offerings. Investors can often separate units into their component securities after the IPO. These securities carry unique risks associated with SPAC structures and merger completion uncertainty.