Appleby Advises EGH Acquisition Corp. in Its USD1.2 Billion Business Combination With Hecate Energy Group

Appleby is pleased to announce that it acted as Cayman Islands legal counsel to EGH Acquisition Corp. (EGH) a special-purpose acquisition company, in its $1.2 billion business combination with Hecate Energy Group LLC (Hecate Energy). The business combination will grant Hecate Energy a listing on the Nasdaq under the ticker symbol ‘HCTE’. The transaction is expected to close in mid-2026 subject to customary closing conditions, including approval by EGH’s shareholders.

Appleby advised on all Cayman Islands legal aspects of the transaction, drawing on its extensive experience in cross-border mergers and capital markets transactions.

The Appleby Public M&A team was led by Counsel Alexandra Low, with Partner Simon Raftopoulos, and other members of the corporate team.

Appleby continues to play a key role in major public merger and acquisitions and public-market transactions worldwide.