ESGEN enters non-redemption agreement with K2 Fund to backstop 174,826 shares

Zeo Energy Corp.

K2 Fund will purchase at least 174,826 ESAC Class A shares from redeeming holders and rescind redemptions.
ESGEN will issue K2 225,144 shares of Zeo Energy Corp. (post-merger entity) at closing of business combination.
Agreement reduces redemption risk for ESGEN's de-SPAC with Sunergy Renewables; closing conditions include merger completion.
K2 represents it owns 0 Class A shares as of March 11, 2024; issued shares will be freely tradeable post-closing.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Zeo Energy Corp. entered into Non-Redemption Agreement with The K2 Principal Fund L.P. (effective 2024-03-11).

Action: entry
Counterparty: The K2 Principal Fund L.P.
Effective: 2024-03-11

Exact text from the filing

On March 11, 2024, ESGEN Acquisition Corporation, a Cayman Islands exempted company incorporated with limited liability (“ESGEN”), entered into a non-redemption agreement (the “Non-Redemption Agreement”) with The K2 Principal Fund L.P. (“K2”)

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284 material agreements filed in the last 30 days. Browse all material agreements →

Zeo Energy Corp. filing history →

Source: SEC EDGAR

accession 0001193125-24-065933

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