EGH Acquisition Corp. merges with Hecate Energy; $1.2B enterprise value

EGH Acquisition Corp.

Enterprise value $1.2B less net indebtedness; expected close Q3 2026.
SPAC shareholders may redeem shares; $50M minimum trust proceeds required from trust after redemptions.
Sponsor lock-up on 5M Class B shares; vesting tied to $12 and $13 VWAP thresholds over 4 years.
Post-close Up-C structure; EGH domesticates to Delaware and changes name.
Post-close board: 7 directors, 6 designated by Hecate, 1 by sponsor.

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