EGH Acquisition Corp. and Hecate Energy LLC announced that they have resolved litigation involving Hecate’s lenders, removing a previously identified overhang on their de-SPAC business combination process. The parties intend to file a motion to dismiss the suit styled NEC Fund VI HE Lender, LLC v. Hecate Holdings LLC in the Court of Chancery of Delaware. Consequently, the expected closing timeline for the transaction has been updated to early Q1 2027, down from previous expectations. The business combination values Hecate at a pre-money enterprise value of approximately $1.2 billion and will result in Hecate listing on Nasdaq under the ticker “HCTE.” EGH Acquisition Corp. operates as a special purpose acquisition company focused on opportunities in the broad power market and energy transition sectors.