8-K
filed October 24, 2023, 7:59 PM ET
ticker ZEO
CIK 0001865506
other material
confidence high
sentiment neutral
materiality 0.55
ESGEN shareholders approve extension of business combination deadline to Jan 22, 2024; 1.49M shares redeemed for ~$16.7M
Zeo Energy Corp.
- Extension approved: deadline moved from Oct 22, 2023 to Jan 22, 2024; up to six additional monthly extensions possible with sponsor deposits.
- Shareholders redeemed 1,488,000 Class A shares at ~$11.21/share for aggregate ~$16.68M.
- Sponsor contributed $73,949 to trust ($0.0525 per unredeemed Class A share) and converted 5,619,077 Class B shares to Class A shares.
- Post-redemption and conversion, 7,027,632 Class A shares remain outstanding.
- Conversion proposal also approved; adjournment proposal not needed.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Zeo Energy Corp.: Amended provisions restricting conversion of Class B ordinary shares to Class A ordinary shares prior to a business combination (effective 2023-10-20).
- Change
- charter amendment
- Effective
- 2023-10-20
Exact text from the filing
On October 20, 2023, ESGEN filed the Charter Amendment.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Zeo Energy Corp.: Extended termination date for business combination from October 22, 2023 to January 22, 2024, and allowed up to six additional one-month extensions upon deposit of funds into trust (effective 2023-10-20).
- Change
- charter amendment
- Effective
- 2023-10-20
Exact text from the filing
On October 20, 2023, ESGEN filed the amendments to the amended and restated memorandum and articles of association of ESGEN with the Registrar of Companies of the Cayman Islands (the “ Charter Amendment ”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Zeo Energy Corp. shareholders approved Extension Proposal to amend the amended and restated memorandum and articles of association to extend the deadline to consummate an initial business combination at the 2023-10-20 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-10-20
Exact text from the filing
The Extension Proposal For Against Abstain 9,018,378 43,014 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Zeo Energy Corp. shareholders approved Conversion Proposal to amend certain provisions which restrict the Class B ordinary shares from converting to Class A ordinary shares prior to the consummation of an initial business combination at the 2023-10-20 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-10-20
Exact text from the filing
The Conversion Proposal For Against Abstain 9,061,391 1 0
View on SEC.gov
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