EGH Acquisition Corp. closes $150M IPO and $5M private placement on May 12, 2025

EGH Acquisition Corp.

Closed IPO of 15,000,000 units at $10.00 each for $150,000,000 gross proceeds; units trade on Nasdaq.
Private placement of 500,000 units to sponsor (350,000) and underwriters (150,000) raised additional $5,000,000.
Net proceeds of $150,000,000 deposited in trust account; $6,000,000 deferred underwriting fee payable.
Audited balance sheet as of 5/12/25: $151.9M assets, $6.7M liabilities, $150M shares subject to redemption, $(4.8M) shareholder deficit.
Company has 24 months from IPO to complete an initial business combination or face liquidation.

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