# EGH Acquisition Corp. (EGHAU) — merger/spac_merger [pending]
Source: SEC API (secapi.ai) · situation sit_9f037a57409f4e213315 · retrieved 2026-08-11T15:53:10.948Z

## Overview
Hecate Energy Group is a pure-play power plant developer with a 48-gigawatt nationwide development pipeline, $686 million of future receipts from signed sales contracts, and estimated 2026 adjusted EBITDA of $115 million.

EGH Acquisition Corp., a blank-check company, announced a proposed business combination with Hecate Energy Group LLC, a power plant developer. Hecate's pre-money equity value is $800 million, with estimated net debt included yielding an implied post-money enterprise value of approximately $1.28 billion. Hecate shareholders are rolling all of their equity and are expected to own approximately 80% of the combined company, assuming no redemptions. The transaction includes redomiciling to Delaware and using a standard UPC structure with a tax receivable agreement. EGH expects to close the transaction later in summer 2026.

## Terms
- Counterparty: Hecate Energy Group LLC · Deal value: $1.28B · Consideration: stock · Stake: 80%

## Key dates
- Announced 2026-01-28 · Expected close 2026-08-31

## Timeline
- 2026-01-28 · 425 (0001104659-26-007500): 425 - EGH Acquisition Corp. — *Hecate Energy Group LLC is a leading U.S. developer of utility-scale energy parks with a diversified portfolio and development pipeline spanning solar, battery storage, wind, and thermal generation; it has developed five GW of projects to construction or operations and sold more than 12 GW of power plant and storage projects.* EGH Acquisition Corp. (NASDAQ: EGHA) announced a proposed business combination with Hecate Energy Group LLC, an independent energy infrastructure developer headquartered in Chicago. Under the transaction, Hecate will become a publicly listed company on Nasdaq. EGH intends to file a registration statement with the SEC that includes a preliminary proxy statement/prospectus, and after effectiveness, will mail a definitive proxy statement/prospectus to EGH shareholders for approval of the business combination. The parties announced an investor webinar scheduled for February 5, 2026, at 10:00 a.m. Eastern Time to introduce Hecate's operations and near-term strategy.
  https://www.sec.gov/Archives/edgar/data/2052547/0001104659-26-007500.txt
- 2026-02-10 · 425 (0001104659-26-012632): 425 - EGH Acquisition Corp. — *Hecate Energy Group is a pure-play power plant developer with a 48-gigawatt nationwide development pipeline, $686 million of future receipts from signed sales contracts, and estimated 2026 adjusted EBITDA of $115 million.* EGH Acquisition Corp., a blank-check company, announced a proposed business combination with Hecate Energy Group LLC, a power plant developer. Hecate's pre-money equity value is $800 million, with estimated net debt included yielding an implied post-money enterprise value of approximately $1.28 billion. Hecate shareholders are rolling all of their equity and are expected to own approximately 80% of the combined company, assuming no redemptions. The transaction includes redomiciling to Delaware and using a standard UPC structure with a tax receivable agreement. EGH expects to close the transaction later in summer 2026.
  https://www.sec.gov/Archives/edgar/data/2052547/0001104659-26-012632.txt

## Citations
- 0001104659-26-007500 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926007500
- 0001104659-26-012632 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926012632