Appleby are pleased to have acted as Cayman Islands counsel for EGH Acquisition Corp. (NASDAQ: EGHAU) (the Company), alongside Ellenoff Grossman & Schole LLP, in its initial public offering (IPO) of 15,000,000 units. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any. The offering was priced at $10.00 per unit, resulting in gross proceeds of $150,000,000.
The Company’s units began trading on the Nasdaq Global Market (NASDAQ) on May 9, 2025, under the ticker symbol “EGHAU.” Each unit consists of one Class A ordinary share of the Company and one right to receive one tenth (1/10) of a Class A ordinary share upon the consummation of the Company’s initial business combination. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on NASDAQ under the symbols “EGHA” and “EGHAR,” respectively.
The Appleby corporate team included Partner Simon Raftopoulos and Counsel Alexandra Low.
Click to read the feature in Financial Times on date, [here]