EGH Acquisition Corp.

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.

EGH Acquisition Corp. reported a net income of $87,400 for the three months ended June 30, 2026, and $1,112,730 for the six months. General and administrative costs significantly increased due to accrued legal expenses. The company's management has raised substantial doubt about its ability to continue as a going concern if the business combination with Hecate Energy Group, LLC is not completed by May 12, 2027.

EGH Acquisition Corp. reported a net income of $1,025,330 for the three months ended March 31, 2026, a significant improvement from a loss in the prior year period. The company's Trust Account balance grew to $155,217,211, with a per-share redemption value of $10.35. A key development was the entry into a Business Combination Agreement with Hecate Energy Group, LLC on January 21, 2026, marking progress towards its initial business combination. However, the company still faces going concern uncertainties if the combination is not completed by May 12, 2027.