Eagle Equity Partners IV is a special purpose acquisition company (SPAC) — a publicly traded shell with no operations. The company raised $258M in its IPO and placed those proceeds in a trust invested in U.S. Treasuries or money market funds. The trust is held for public shareholders until the company completes a business combination or its completion window expires in October 2026, at which point the company liquidates and returns funds to shareholders at approximately $10.00 per share. The company's sole purpose is to identify and merge with a private business, taking it public. The Sponsor — led by Co-Chairmen Harry Sloan and Jeff Sagansky, and CEO Eli Baker — received Founder Shares at nominal cost in exchange for funding formation costs. If a deal closes, those shares convert into equity of the combined company. If no deal closes, the Founder Shares expire worthless. The Sponsor profits only if a deal closes, creating an incentive to transact, but also a potential conflict of interest if deal terms are unfavorable to public shareholders. The company targets special situations — consolidations, corporate carve-outs, and international companies seeking U.S. listings — with a preference for targets with a combined pro forma equity value of $3B or more. The management team has a background in digital media, gaming, and prior SPAC sponsorships, and relies on its networks across private equity and investment banking for deal sourcing.