EGH Acquisition Corp. & Hecate Energy Update Business Combination Timeline

EGH Acquisition Corp. and Hecate Energy LLC announced an update regarding Hecate's planned Nasdaq listing under the ticker 'HCTE', now expected to close in early Q1 2027. This follows the resolution of litigation with a lender through a mutual release and settlement agreement. The business combination, which values Hecate at a pre-money enterprise value of approximately $1.2 billion, remains on track. Hecate is also in discussions with potential interim investors to further support the de-SPAC process and strengthen its balance sheet.