EGH Acquisition Corp. SEC 10-Q Report

EGH Acquisition Corp., a blank check company incorporated in the Cayman Islands, has released its Form 10-Q report for the third quarter of 2025. The company, which is focused on effecting a Business Combination, has provided key insights into its financial performance and operational activities for the period ending September 30, 2025. Financial Highlights Net Income: EGH Acquisition Corp. reported a net income of $1.36 million for the three months ended September 30, 2025. This performance was primarily driven by interest earned on marketable securities held in the Trust Account.Net Income: For the period from January 9, 2025 (inception) through September 30, 2025, the company achieved a net income of $2.12 million, mainly due to interest income and a gain on the expiration of the Over-Allotment Option liability.Basic and Diluted Net Income per Ordinary Share, Class A Ordinary Shares: The company reported $0.07 per share for the three months ended September 30, 2025, and $0.16 per share for the period from January 9, 2025 (inception) through September 30, 2025.Basic and Diluted Net Income per Ordinary Share, Class B Ordinary Shares: Similarly, the net income per share was $0.07 for the three months ended September 30, 2025, and $0.16 for the period from January 9, 2025 (inception) through September 30, 2025. Business Highlights Company Overview: EGH Acquisition Corp. is a blank check company incorporated on January 9, 2025, with the purpose of effecting a Business Combination. The company is in the early stages of its operations and has not yet selected a specific target for its initial Business Combination.Initial Public Offering: The company successfully completed its Initial Public Offering (IPO) on May 12, 2025, raising $150,000,000 through the sale of 15,000,000 Public Units. Each unit consists of one Class A Ordinary Share and one Public Right.Private Placement: Simultaneously with the IPO, EGH Acquisition Corp. completed a Private Placement, raising an additional $5,000,000 through the sale of 500,000 Private Placement Units to the Sponsor and Representatives.Trust Account: Following the IPO and Private Placement, $150,000,000 was placed in a Trust Account. The funds are invested in U.S. government securities or money market funds and will be used to complete the Business Combination.Business Combination Timeline: The company has until May 12, 2027, to complete a Business Combination. If unable to do so, it will redeem the Public Shares and dissolve, subject to applicable laws.Operational Activities: Since inception, the company's activities have been focused on organizational tasks, the IPO, and identifying potential acquisition targets. No operating revenues have been generated yet.Management's Outlook: Management plans to address liquidity concerns through a Business Combination and is actively seeking additional capital to support operations. There is substantial doubt about the company's ability to continue as a going concern if a Business Combination is not completed within the specified timeframe.Segment Information: The company operates as a single segment, with the Chief Financial Officer acting as the Chief Operating Decision Maker. The focus is on managing general and administrative costs and maximizing the funds available for a Business Combination.Future Plans: EGH Acquisition Corp. intends to complete its initial Business Combination before the end of the Combination Period, although there is no assurance of success. The company is exploring various industries and sectors for potential targets.SEC Filing: EGH Acquisition Corp. [ EGHA ] - 10-Q - Nov. 12, 2025