EGH Acquisition, a blank check company targeting the power, energy transition, and sustainability spaces, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
EGH Acquisition is led by Executive Chair and CFO Vincent Cubbage and CEO and Director Andrew Lipsher, the co-founders and Managing Partners of Energy Growth Holdings. Cubbage has led several previous SPACs. EGH Acquisition plans to target the broad power market and energy transition or sustainability arena, focusing on industries that require reliable and cost effective power and/or innovative decarbonization solutions in order to meet critical energy supply needs or emission reduction objectives.
EGH Acquisition plans to list on the Nasdaq under the symbol EGHAU. Cohen & Company Securities and Seaport Global acted as joint bookrunners on the deal.
