$EGHAU

Hecate Energy and EGH Acquisition Corp. updated their planned Nasdaq listing for Hecate under the ticker 'HCTE', now expected to close in early Q1 2027. The delay was due to resolved legal and financing matters. The transaction values Hecate at $1.2B pre-money. Both companies expressed confidence in the deal's progress and Hecate's growth strategy.

EGH Acquisition (EGHA) reported no operating revenues but a net income of $3.374 million, primarily from interest on trust account investments. As a blank-check company, it was formed to complete a business combination, specifically the Hecate transaction, and has until May 12, 2027, to close a deal. The company noted increased public-company costs in anticipation of the merger.

Hecate Energy, a US-based developer of utility-scale energy parks, plans to go public on Nasdaq through a definitive business combination agreement with EGH Acquisition Corp. The transaction values Hecate at a pre-money enterprise value of $1.2 billion and is expected to close in mid-2026. Hecate's existing management team will continue to lead the combined company, which will trade under the ticker HCTE.

Hecate Energy Group LLC, an independent energy infrastructure developer, announced a definitive business combination agreement with EGH Acquisition Corp. This agreement will result in Hecate becoming a public company, listed on Nasdaq under the ticker symbol "HCTE". The announcement was made from Chicago on January 22, 2026.