---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-108475"
form_type: "8-K"
ticker: "ZEO"
cik: "0001865506"
company_name: "Zeo Energy Corp."
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:46:28.977536+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ESGEN Acquisition Corp. (SPAC) to merge with Sunergy Renewables in $410M deal; PIPE of $10M from sponsor

## Summary
- Enterprise value of Sunergy set at $410M; ESGEN will issue OpCo units valued at $10.00 each.
- Sponsor commits to $10M PIPE (1M shares at $10.00) concurrent with closing.
- Deal expected to close Q4 2023; requires shareholder approval, HSR clearance, and SEC registration.
- Post-closing board: 7 directors, 6 designated by Sunergy, 1 by sponsor.
- Lock-up on founder shares extended to 6 months post-close or early release at $12/share for 20 of 30 days.

## SEC filing metadata
- accession: 0001193125-23-108475
- form_type: 8-K
- ticker: ZEO
- cik: 0001865506
- company_name: Zeo Energy Corp.
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865506/000119312523108475/0001193125-23-108475-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865506/000119312523108475/d438948d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-108475
- JSON: https://secwatch.observer/filing/0001193125-23-108475.json
- Plain text: https://secwatch.observer/filing/0001193125-23-108475.txt

## Key facts
- Material Agreements
  Zeo Energy Corp. entered into Business Combination Agreement with ESGEN Acquisition Corporation, Sunergy Renewables, LLC, and the Sellers (effective 2023-04-19).
  - Action: entry
  - Agreement: merger
  - Counterparty: ESGEN Acquisition Corporation, Sunergy Renewables, LLC, and the Sellers
  - Effective: 2023-04-19
  source text: On April 19, 2023, ESGEN Acquisition Corporation, a Cayman Islands exempted company incorporated with limited liability (“ ESGEN ”), ESGEN OpCo, LLC, a Delaware limited liability company and wholly-owned subsidiary of ESGEN (“ OpCo ”), Sunergy Renewables, LLC, a Nevada limited liability company (“ Sunergy ”), the Sunergy equityholders set forth on the signature pages thereto (collectively, “ Sellers ” and each, a “ Seller ”, and collectively with Sunergy, the “ Sunergy Parties ”), for limited purposes, ESGEN LLC, a Delaware limited liability company (the “ Sponsor ”), and for limited purposes, Timothy Bridgewater, an individual, in his capacity as the Sellers Representative, entered into a Business Combination Agreement (as it may be amended, supplemented or otherwise modified from time to time, the “ Business Combination Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865506/000119312523108475/0001193125-23-108475-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.