EGH Acquisition Corp., a special-purpose acquisition company, has agreed to a $1.2 billion business combination with Hecate Energy Group LLC in a deal expected to take the renewable energy developer public on the Nasdaq.
Under the terms announced Feb. 23, the combined company will trade under the ticker symbol “HCTE” following completion of the transaction. The deal is expected to close in mid-2026, subject to customary conditions, including approval by EGH’s shareholders.
Offshore law firm Appleby acted as Cayman Islands legal counsel to EGH on the transaction. The firm advised on all Cayman Islands legal aspects of the business combination, drawing on its cross-border mergers and capital markets experience, according to the announcement.
Appleby’s public M&A team was led by counsel Alexandra Low, with partner Simon Raftopoulos and other members of the corporate team supporting the transaction.
The announcement did not provide additional details on financing, valuation assumptions beyond the headline $1.2 billion figure, or regulatory approvals required for completion.
