EGH Stock Drifts Near $10.35 as Hecate Deal Deadline Looms
EGH Acquisition Corp. closed Friday at $10.35, nearly unchanged for the week, as investors awaited further merger filings with Hecate Energy Group. The SPAC’s stock moved up just 0.2% since May 22, lagging the Nasdaq-100’s 2.9% gain. EGH and Hecate plan to complete their $1.2 billion merger by mid-2026, pending shareholder approval. EGH reported $1.03 million in net income last quarter, mainly from trust interest.