EGH Acquisition Corp. ownership update: Tenor Opportunity Master Fund, Ltd., Tenor Capital Management Company, L.P., and Robin Shah each report beneficial interests of 1,425,000 shares, representing 9.2% of the Class A Ordinary Shares. The filing ties the percentage to 15,500,000 Shares issued and outstanding as of the issuer's 10-K dated March 20, 2026. The report explains that the Shares are held by the Master Fund, that Tenor Capital is the Master Fund's investment manager, and that Robin Shah serves as managing member of the general partner; each reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
EGH Acquisition Corp. reported that Fort Baker Capital Management LP holds 931,782 shares of Class A ordinary shares, equal to 6.0% of the class. The filing states shares outstanding were 15,500,000 as of March 20, 2026. The disclosure is a joint filing by Fort Baker Capital Management LP, Fort Baker Capital, LLC and Steven Patrick Pigott, with shared voting and dispositive power over the reported shares.
EGH Acquisition Corp. reported unaudited results for the quarter ended March 31, 2026, reflecting its status as a SPAC still seeking to close a business combination. Total assets were $155.8 million, largely driven by $155.2 million of marketable securities held in the trust account, while cash outside the trust was $463,928.
The company generated net income of $1.0 million, mainly from $1.35 million of interest earned on trust investments, offset by $324,045 of general and administrative expenses. As of March 31, 2026, 15,000,000 Class A ordinary shares were subject to possible redemption at $10.35 per share, and 5,000,000 Class B founder shares remained outstanding.
EGH entered into a Business Combination Agreement with Hecate Energy Group, LLC and an affiliated parent on January 21, 2026, aiming to complete its initial business combination by May 12, 2027. Management discloses substantial doubt about the company’s ability to continue as a going concern if it cannot close a transaction within this combination period, given limited working capital and the obligation to liquidate the trust if no deal is completed.
EGH Acquisition Corp. Schedule 13G discloses that Glazer Capital, LLC and Paul J. Glazer report beneficial ownership of 943,879 shares of Class A Ordinary Shares, representing 6.09% of the class as shown. The filing states shared voting and shared dispositive power over those shares. The statement is signed by Paul J. Glazer on 05/14/2026.
EGH Acquisition Corp. is a Cayman Islands special purpose acquisition company formed in 2025 to complete a business combination, with no operating revenues to date. It raised $150,000,000 in its IPO by selling 15,000,000 units at $10.00 each and placed the proceeds, plus a $5,000,000 private placement, into a trust.
As of December 31, 2025, the redemption price was about $10.26 per public share, and funds available for a business combination were $153,867,836. The company must complete a transaction by May 12, 2027 or liquidate the trust. On January 21, 2026, it signed a business combination agreement with Hecate, structured as an “Up‑C” with a minimum cash condition of $50.0 million and an expected closing in the third quarter of 2026, subject to shareholder approval, effective registration and stock‑exchange listing.
EGH Acquisition Corp. filed a current report to furnish the transcript of a February 5, 2026 live investor presentation held with Hecate Energy Group LLC about their proposed business combination. The transcript is attached as Exhibit 99.1 and is treated as furnished, not filed, under securities laws.
The report explains that EGH plans to file a registration statement containing a proxy statement/prospectus for shareholders to vote on the business combination and directs investors to future SEC filings for full details. It also includes standard no-offer, participant, and forward-looking statement disclosures outlining potential risks and uncertainties around completing and benefiting from the transaction.
EGH Acquisition Corp. furnishes a transcript of a February 2026 investor webinar outlining its proposed business combination with Hecate Energy Group, a pure-play power plant developer. Hecate highlights a 48-gigawatt U.S. development pipeline, including 12 gigawatts already under contract or sold and 11 gigawatts under review to replenish future projects.
The company reports $686 million of future receipts from signed sales contracts and visibility into estimated 2026 adjusted EBITDA of $115 million. Management describes a 60+ person team with decades of experience, a diversified portfolio across markets and technologies, and expansion opportunities in baseload gas, data centers, and independent power production.
Transaction terms discussed include an $800 million pre-money equity value and an implied post-money enterprise value of roughly $1.28 billion, with existing Hecate shareholders expected to own about 80% of the combined company assuming no redemptions. EGH cites an implied 2026 EV/EBITDA multiple of 11.1 and an illustrative value of about $31 per watt in Hecate’s portfolio, which it compares to higher averages in recent private deals. The parties expect to close later in 2026 after audits, proxy filing, shareholder approval, and resolution of existing debt matters.
EGH Acquisition Corp. furnished an investor presentation outlining its proposed business combination with Hecate Energy Group LLC. The deck is attached as Exhibit 99.1 and is treated as furnished, not filed, under securities laws.
EGH plans to file a registration statement with the SEC containing a proxy statement/prospectus so shareholders can vote on the transaction. The filing emphasizes that this communication is not an offer or solicitation and describes potential participants in the proxy process, how shareholders can access future SEC documents, and extensive forward-looking statement disclosures, including risks that the deal may be delayed, terminated, or fail to obtain required approvals or stock exchange listing.
EGH Acquisition Corp. has furnished an investor presentation outlining a proposed business combination with Hecate Energy Group LLC, a U.S. power project developer. The deal implies a pro forma enterprise value of about $1.283 billion, based on an $800 million equity rollover and $400 million of net debt with cash from EGH’s trust.
Hecate reports a development pipeline of about 48.8 GW across renewables, battery storage and thermal projects, a revenue backlog of roughly $686 million from signed milestone contracts, and estimated 2026 adjusted EBITDA of $115 million with projected 20–30% growth in 2027. Existing Hecate holders are expected to roll 100% of their equity and own about 78.7% of the combined company, which is expected to list on Nasdaq under the symbol “HCTE” after shareholder approval and effectiveness of a registration statement.
EGH Acquisition Corp. (EGHA) received a new Schedule 13G reporting a 7.8% ownership stake in its Class A ordinary shares. The filing shows that Tenor Opportunity Master Fund, Ltd., advised by Tenor Capital Management Company, L.P., holds 1,208,655 Class A shares.
Tenor Capital, Tenor Opportunity Master Fund, and Robin Shah each report 7.8% beneficial ownership and sole voting and dispositive power over 1,208,655 shares, while disclaiming beneficial ownership beyond their pecuniary interest. The reported percentage is based on 15,500,000 Class A shares stated as issued and outstanding in the issuer’s 10-Q filed on November 12, 2025.
The filer certifies the shares were not acquired and are not held for the purpose of changing or influencing control of EGH Acquisition Corp., and are not part of a control-related transaction.