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EGH Acquisition Corp. (NASDAQ: EGHAU) has announced the pricing of its initial public offering of 15,000,000 units at $10.00 per unit, totaling $150 million. Each unit comprises one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon completing an initial business combination.
Trading will commence on May 9, 2025, on the Nasdaq Global Market. The company is a blank check company focusing on the power market and energy transition arena, targeting businesses requiring reliable power solutions or innovative decarbonization technologies. The management team is led by Vincent T. Cubbage as Executive Chairman and CFO, and Andrew B. Lipsher as CEO.
The underwriters have a 45-day option to purchase up to 2,250,000 additional units to cover over-allotments. Cohen & Company Capital Markets is serving as the lead book-running manager, with Seaport Global Securities as joint book-runner.
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