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Hecate Energy Group to Become Public Company Through Business Combination with EGH Acquisition Corp.
CHICAGO, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Hecate Energy Group LLC (“Hecate”), an independent energy infrastructure developer, and EGH Acquisition Corp. (NASDAQ: EGHAU, EGHA, EGHAR) (“EGH”) today announced they have entered into a definitive business combination agreement (the “Transaction” or the “Business Combination”) that would result in Hecate becoming a public company to be listed on Nasdaq under the ticker symbol “HCTE.” Company Background Hecate is a leading U.S. developer of utility-sca
About this update from Egh Acquisition Corp.
[{"type":"image","alt":"EGH Acquisition Corp.","displaySize":"","headline":null,"caption":"EGH Acquisition Corp.","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":71,"url":"https://media.zenfs.com/en/globenewswire.com/d626738980f4970ac6cfde47bff12238"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/KG8QENfjgPchRHlC8TlpYg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTk5O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/d626738980f4970ac6cfde47bff12238","width":300,"height":71}},"lazy":false},{"type":"text","content":"CHICAGO, Jan. 22, 2026 (GLOBE NEWSWIRE) — Hecate Energy Group LLC (“Hecate”), an independent energy infrastructure developer, and EGH Acquisition Corp. (NASDAQ: EGHAU, EGHA, EGHAR) (“EGH”) today announced they have entered into a definitive business combination agreement (the “Transaction” or the “Business Combination”) that would result in Hecate becoming a public company to be listed on Nasdaq under the ticker symbol “HCTE.”","length":430,"tagName":"p"},{"type":"text","content":"Company Background","length":18,"tagName":"p"},{"type":"text","content":"Hecate is a leading U.S. developer of utility-scale energy parks with a diversified portfolio spanning solar, battery storage, wind, and thermal generation. Hecate is strategically positioned to benefit from accelerating demand for powered land, driven by the rapid growth of data centers, hyperscalers and other large-load customers. Hecate has demonstrated a proven ability to monetize projects through asset sales, Build-Transfer Agreements (“BTAs”), and Development Services Agreements (“DSAs”), while also retaining the flexibility to evolve into an Independent Power Producer (“IPP”) and capture long-term, recurring operating cash flows.","length":644,"tagName":"p"},{"type":"text","content":"Founded in 2012 by a team of experienced energy industry executives, Hecate has assembled the largest independent portfolio of renewable and thermal power projects totaling more than 47 gigawatts (“GW”). Hecate’s portfolio is spread across eight U.S. power markets and 26 states, providing significant embedded growth and multiple paths to value realization. Since inception, Hecate has successfully sold over 12 GW of projects to a diversified group of blue-chip counterparties. In addition, Hecate has more than four GW of projects currently under exclusivity or ...