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The whole lifecycle, verified against the filings.
Definitive (DA signed)
Summed over all 1 filed.
No dated vote for these deals is on file with us yet — our record, not the companies' calendars.
More equity than the headline, over all 1 measured.
Too few quarters in this view to draw a cadence.
A definitive agreement is signed and the vote is still ahead, so the redemption right survives to it.
| SPAC | Target | Segment | Value | Announced | Vote | SPAC price | Status | ARS | Delivers | Notes |
|---|---|---|---|---|---|---|---|---|---|---|
| EGHAEGH Acquisition Corp. | Hecate Energy Group, LLC | Energy | $800M | Jan 21, 2026 | Q3 2026 | $10.39 | -1.3% | Definitive (DA signed) | 67 |
The list is grouped by lifecycle stage and the sort orders rows inside a stage: a vote that has already passed and one still ahead are not the same list. An announced deal is not a closed deal — 1 of the combinations in our record were terminated. A premium to trust is a selling point, not a buying point — and once a vote has passed there is no redemption right left to price against. Every stage, target and figure here is read from the SEC filing that stated it; where a figure is missing it is missing from our record, and the page says so rather than estimating one.
1 of 1 deals in this view carry a dated vote or a stated close period. Where the Vote column is empty, the filings we hold state neither — that is a gap in our record, not a claim that the parties have no timetable.
Sorted inside each stage.
Hecate Energy Group LLC is a Chicago-based independent energy infrastructure developer founded in 2012 by a team of energy industry veterans who have worked together for more than 25 years. The company develops utility-scale energy parks and power delivery solutions that integrate solar, battery storage, wind, thermal generation, and flexible grid infrastructure, purpose-built to provide reliable, dispatchable power at scale and speed. Hecate operates across eight U.S. power markets and 26 states, with offices in California, Connecticut, Ohio, and Tennessee. Since inception, the company has successfully developed over five gigawatts of projects to construction or operation—representing more than $6 billion in energy investments—and has sold more than 12 GW of power plant and storage projects to a diversified group of blue-chip counterparties, including utilities, independent power producers, and corporate offtakers. Hecate has entered over 50 power purchase agreements and similar offtake contracts exceeding 6 GW of capacity with 24 counterparties, and it maintains an active development pipeline of approximately 48.8 GW, making it one of the largest pure-play power plant developers in the United States. The company serves utilities, industrial customers, corporations, landowners, and communities, with a growing strategic focus on energy campuses and co-located power solutions for AI data centers and large industrial loads. Notable projects include the 500 MW Cider Solar Farm in New York—the largest onshore renewable energy project in the state—the 809 MW Sunfish solar projects in Michigan, the up to 2,000 MW Cereza solar and storage project at the DOE's Hanford Site in Washington, and the 500 MW Roseland Solar & Storage project in Texas. Hecate has also developed international projects such as the 45 MW Shobak wind farm in Jordan. In 2021, global energy company Repsol acquired a 40% stake in Hecate Energy, marking its first investment in the U.S. renewable energy market and reinforcing Hecate's status as a leading developer. The company has secured significant financing over the years, including a $550 million credit facility package in 2023 to support advancement of its then-35 GW pipeline and targeted monetization of roughly 5 GW per year. Hecate reports a revenue backlog of approximately $686 million from signed milestone-based project sale agreements and has generated over $1.2 billion in revenue since inception, with estimated 2026 adjusted EBITDA of $115 million and projected 20–30% growth in 2027. Hecate is going public through a definitive business combination agreement with special-purpose acquisition company EGH Acquisition Corp. (NASDAQ: EGHA), a transaction guided by A&O Shearman and announced on January 22, 2026. The deal implies a pro forma enterprise value of approximately $1.283 billion, based on an $800 million pre-money equity rollover, roughly $400 million of net debt, and cash from EGH's trust account. Existing Hecate shareholders are expected to roll 100% of their equity and own approximately 78.7% of the combined company, with public EGHA shareholders holding about 16.7% and the sponsor roughly 4.6%, assuming no redemptions. The transaction is structured as an Up-C combination, with EGH domesticating as a Delaware corporation and surviving as the public entity, and the combined company is expected to list on Nasdaq under the ticker "HCTE." The deal is expected to close in mid-2026, subject to customary closing conditions including EGH shareholder approval and SEC effectiveness of the registration statement. The decision to go public via SPAC is driven by Hecate's need to access public capital markets to fund its massive development pipeline and capitalize on unprecedented U.S. electricity demand growth fueled by data centers, AI, and electrification. The merger is part of a broader resurgence in SPAC deals that began in 2025, and it positions Hecate as a pure-play public investment vehicle for investorsmore ▾less ▴ |