EGH Acquisition to Take Hecate Energy Public via Merger

Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialEGH Acquisition Corp. Class A ( (EGHA) ) has shared an update. On January 21, 2026, EGH Acquisition Corp. and Hecate Energy Group LLC signed a definitive business combination agreement that will take Hecate public via an “Up‑C” structure, valuing the energy developer at a pre-money enterprise value of $1.2 billion and providing up to $155 million from EGH’s trust to fund project development, potential shareholder redemptions and transaction costs. The deal, unanimously approved by the boards of both parties and expected to close in mid-2026, involves EGH’s domestication from the Cayman Islands to Delaware, conversion of its share classes and units, establishment of a post-closing seven-member board dominated by Hecate designees, adoption of a 10% equity incentive plan, a tax receivable agreement and complex sponsor lock-up and vesting terms tied to cash delivered at closing and future share price performance, while remaining subject to customary conditions including shareholder approval, a minimum $50 million post-redemption cash balance and continued stock exchange listing. More about EGH Acquisition Corp. Class A EGH Acquisition Corp. is a special purpose acquisition company formed to pursue mergers, share exchanges, asset acquisitions and similar transactions, with a focus on the broad power market and the energy transition and sustainability arena, targeting businesses that require reliable, cost-effective power or innovative decarbonization solutions. Its announced merger partner, Hecate Energy Group LLC, is a leading U.S. developer of utility-scale energy parks spanning solar, battery storage, wind and thermal generation, with more than 47 GW of projects across eight U.S. power markets and 26 states, a history of over 12 GW of project sales and more than 50 power purchase and similar offtake agreements exceeding 6 GW of capacity. Average Trading Volume: 132,284 Technical Sentiment Signal: Strong Buy Current Market Cap: $208.7M Learn more about EGHA stock on TipRanks’ Stock Analysis page.