Hecate Energy appointed Michael J. Garofola as General Counsel, effective September 21, 2026, as it advances toward a planned public listing. He will oversee corporate governance, compliance, strategic transactions and other legal matters. Garofola has over two decades of experience and previously held legal and compliance roles at EVgo and Acreage Holdings.
Hecate Energy Group announced a business combination with EGH Acquisition (EGHA) on January 22, 2026, valuing Hecate at a pre-money enterprise value of approximately $1.2 billion. The transaction is expected to close in early 2027, subject to EGH shareholder approval and customary closing conditions. The planned Nasdaq listing would use ticker HCTE. Hecate intends the transaction to provide capital for developing and monetizing its U.S. utility-scale energy parks.
Hecate Energy and EGH Acquisition Corp. (NASDAQ: EGHA) reaffirm progress on their definitive business combination, which would list Hecate on Nasdaq under the ticker “HCTE”. The deal, announced January 22, 2026, values Hecate at a pre‑money enterprise value of about $1.2 billion.
According to the companies, following the resolution of legal and documentation matters with Hecate’s lenders, no further actions are required from Hecate or its lenders in connection with these issues, and the combination is now expected to close in early Q1 2027, subject to customary conditions and EGH shareholder approval. Hecate is also in discussions with potential interim investors to add capital supporting the de‑SPAC process and balance sheet. Hecate reports over 5 GW of projects developed to construction or operations, more than 12 GW of projects sold, over $6 billion in energy investments and an active development pipeline of over 47 GW of power projects.
Hecate Energy (OTC:EGHA) closed the sale of the up to 2,000 MW Cereza solar and storage project at the DOE Hanford Site to Savion on Feb 18, 2026. The transaction adds to Hecate's track record of 12+ GW of projects sold and strengthens a revenue backlog exceeding $686M.
The sale positions Hecate to continue monetizing large-scale energy campuses while Savion leads further development with Hecate's support.
Hecate Energy Group (NASDAQ: EGHA) will host an investor webinar on February 5, 2026 at 10:00 a.m. ET to introduce Hecate, its operations, and near-term strategy.
Management will overview Hecate’s utility-scale platform across solar, battery storage, wind, and thermal generation, and discuss the proposed transaction to list Hecate on Nasdaq.
Hecate Energy Group will become a public company via a business combination with EGH Acquisition Corp (NASDAQ: EGHAU / EGHA / EGHAR) and will list on Nasdaq as HCTE. The transaction values Hecate at a $1.2 billion pre-money enterprise value and contemplates up to $155 million from EGH’s trust for development, redemptions and fees. Hecate holds a diversified pipeline of >47 GW across solar, storage, wind and thermal, has sold >12 GW to blue-chip counterparties and has >4 GW in advanced exclusivity. Closing is expected mid-2026, subject to shareholder and customary approvals.