07:58 AM EST, 01/22/2026 (MT Newswires) -- EGH Acquisition ( EGHA ) said Thursday it has agreed to combine with energy infrastructure developer Hecate Energy Group.

The transaction values Hecate at a premoney enterprise value of $1.2 billion.

Upon completion, Hecate will become a public company to be listed on Nasdaq under the ticker symbol, "HCTE."

Under the deal, EGH's trust account will provide up to $155 million for the development Hecate's utility-scale energy part portfolio, any EGH shareholder redemption, and transportation expenses.

The deal is expected to close in mid-2026, upon which Hecate's management team will continue to lead the company, while its shareholders will roll 100% of their equity holdings into the public company.