secwatch.observer — SEC 8-K summary
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Issuer:     Zeo Energy Corp. (ZEO)
CIK:        0001865506
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001193125-23-108475
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865506/000119312523108475/0001193125-23-108475-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865506/000119312523108475/d438948d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-108475

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer