Eagle Acquisition is a SPAC — a publicly listed blank check company with no operations, revenue, or identified acquisition target. Its sole purpose is to identify and merge with a private operating business, effectively taking that business public. Eagle Acquisition raised $345M in its IPO in January 2026 at $10.00 per unit, with proceeds held in trust at JP Morgan and invested in U.S. Treasuries or money market funds. Eagle Acquisition is led by Co-Chairmen Harry Sloan and Jeff Sagansky and CEO Eli Baker, a team with backgrounds in digital media and gaming. The SPAC has a 24-to-30-month window to complete a deal; if no deal closes, the trust is liquidated and proceeds returned to public shareholders at roughly $10.00 per share. The Sponsor purchased founder shares for a nominal $25,000, representing roughly 20% of the post-IPO share count — these shares are worthless if no deal closes, but become valuable upon deal completion, aligning the Sponsor's incentives toward closing a transaction. Eagle Acquisition has no sector or geographic restrictions, though management's background suggests a preference for media and technology targets. Eagle Acquisition intends to target businesses with pro forma equity values larger than the trust alone can fund, meaning it may supplement trust proceeds with PIPE financing or debt at deal close.