EGH Acquisition Corp. (EGHA) reports that it and Hecate Energy LLC issued a joint press release on August 28, 2026 regarding their proposed business combination, furnished as an exhibit. EGH was added as a defendant on March 5, 2026 in a Delaware Chancery Court declaratory judgment action involving lenders to Hecate’s parent.
On August 27, 2026, all parties entered into a mutual release and settlement agreement covering the claims in that suit and intend to file a motion to dismiss the case. EGH also reiterates that it plans to file a registration statement with the SEC containing a proxy statement/prospectus for shareholders to vote on the proposed business combination with Hecate.
EGH Acquisition Corp. (EGHA) reports that it and Hecate Energy LLC have resolved litigation involving Hecate’s lenders through a mutual release and settlement agreement, and the parties intend to dismiss the case in the Delaware Court of Chancery. EGH and Hecate confirm that their previously announced business combination, which values Hecate at a pre-money enterprise value of approximately $1.2 billion, continues to move forward and is now expected to close in early first quarter 2027, subject to customary closing conditions and EGH shareholder approval. The planned transaction would result in Hecate becoming a publicly listed company on Nasdaq under the ticker “HCTE” and is intended to provide capital to support the development and monetization of Hecate’s large portfolio of U.S. utility-scale energy parks.
EGH Acquisition Corp., a Cayman Islands SPAC, reported June 30, 2026 results with $156.6M held in its Trust Account, invested in money market funds, and $203K of cash outside the Trust. The structure supports its planned merger but leaves limited operating liquidity, reflected in a $796.5K working capital deficit and shareholders’ deficit.
For the three and six months ended June 30, 2026, the company recorded net income of $87.4K and $1.11M, driven entirely by $1.36M and $2.71M of interest on Trust investments, partially offset by rising general and administrative expenses of $1.28M and $1.60M. There is still no operating business; activity centers on maintaining the SPAC and pursuing a merger.
The company entered into a Business Combination Agreement with Hecate Energy Group on January 21, 2026. It disclosed ongoing litigation involving parties to that transaction and noted that completion of a PCAOB audit of Hecate and the dispute’s resolution are conditions that may delay or prevent closing, which is not expected before Q4 2026. Management highlighted substantial doubt about its ability to continue as a going concern if no Business Combination is completed by May 12, 2027, when mandatory liquidation and redemption of public shares would occur.
AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC report their beneficial ownership of 735,031 Class A Ordinary Shares of EGH Acquisition Corp. This stake represents 4.74% of the Class A shares as of June 30, 2026, placing the group below the 5% reporting threshold.
All 735,031 shares are held with shared voting and shared dispositive power, with no sole voting or dispositive power reported by any of the AQR entities. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC is deemed to be controlled by AQR Capital Management, LLC. The three entities have agreed to file this Schedule 13G/A jointly.
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.