Eureka Acquisition Corp (EURK) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 48.82% of current shares
Recent Dilution: 331.86% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
3.4M
Potential Supply
1.7M
Additional shares possible
Splits
None
Past 2 years

Summary

EURK currently has 3.39M outstanding shares. with moderate dilution risk from 1.65M authorized shares representing 48.8% potential dilution. The company has significantly diluted shareholders by 331.86% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 3.4M shares outstanding

3.4M 1.7M
Dec 15, 2025

10-K filing | 3.4M shares outstanding

3.4M 1.7M
Nov 03, 2025

8-K filing: Eureka Acquisition Corp, a SPAC, entered into a business combination agreement with Marine Thinking Inc., where Eureka will continue to Canada, change its name to Marine Thinking Holdings Inc., and merge with Marine Thinking Inc. ($1.75M proceeds)

3.4M 1.7M
Aug 11, 2025

10-Q filing | 3.4M shares outstanding

3.4M 1.7M
May 15, 2025

10-Q filing | 5.8M shares outstanding

5.8M 1.7M
Feb 12, 2025

10-Q filing | 5.8M shares outstanding

5.8M 1.7M
Dec 26, 2024

10-K filing | 6.2M shares outstanding

6.2M 1.7M
Aug 14, 2024

10-Q filing | 6.2M shares outstanding

6.2M 1.7M
Jul 12, 2024

8-K filing: Eureka Acquisition Corp consummated its initial public offering of 5,000,000 units at $10.00 per unit, generating gross proceeds of $50,000,000, and completed a private sale of 216,750 units to its sponsor, Hercules Capital Management Corp, at $10.00 per unit, generating gross proceeds of $2,167,500; additionally, 200,000 Class A Ordinary Shares were issued to Maxim Group LLC as underwriting compensation; the underwriters exercised their over-allotment option to purchase 750,000 units generating gross proceeds of $7,500,000 and the company completed a private placement sale of 11,250 Private Units to the Sponsor at $10.00 per Private Unit, generating gross proceeds of $112,500 and the company also issued 30,000 Representative Shares to the Representative. ($59.78M proceeds)

1.4M 1.7M
Jul 10, 2024

8-K filing: Eureka Acquisition Corp consummated an initial public offering of 5,000,000 units at $10.00 per unit, generating gross proceeds of $50,000,000, and completed a private sale of 216,750 units to its sponsor at $10.00 per unit, generating gross proceeds of $2,167,500. ($52.17M proceeds)

1.4M 1.7M
Jul 08, 2024

8-K filing: The Company completed the private sale of 228,000 Private Units to the Sponsor at $10.00 per Private Unit, generating gross proceeds of $2,280,000, and also adopted and filed its Second Amended and Restated Memorandum and Articles of Association. ($2.28M proceeds)

1.4M 1.7M
Jun 28, 2024

S-1/A filing: This S-1/A filing details the company's expenses related to the offering, indemnification of directors and officers, recent sales of unregistered securities including founder shares at $0.02 per share and private placement units at $10.00 per unit.

1.4M 1.7M
Jun 25, 2024

S-1/A filing: Eureka Acquisition Corp is offering 5,000,000 units at $10.00 per unit, for a total of $50,000,000, with each unit consisting of one Class A ordinary share and one right. They also granted the underwriters a 45-day option to purchase up to an additional 750,000 units to cover over-allotments.

1.4M 5.8M
Jun 03, 2024

S-1/A filing: Eureka Acquisition Corp is offering 5,000,000 units at $10.00 per unit for a total offering of $50,000,000.

1.4M 5.4M
Apr 26, 2024

S-1/A filing: Eureka Acquisition Corp is offering 5,000,000 units at $10.00 per unit for a total of $50,000,000 in an initial public offering, with each unit consisting of one Class A ordinary share and one right.

1.4M 5M
Mar 08, 2024

S-1 filing: Initial public offering of units, each consisting of one Class A ordinary share and one right, at a price of $10.00 per unit, with a total offering amount of $50,000,000.

1.4M 5M
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