Zeo Energy restates 2023 and Q1 2024 financials; net income reduced by $1.4M and $144K respectively

Zeo Energy Corp.

FY2023 errors: $844K debit memos reversal, $268K insurance/audit accruals, $376K sales cut-off; net income reduced $1.417M.
Q1 2024 errors: $505K unrecorded stock-based comp, $572K transaction costs; net income reduced $144K.
Company cites material weakness in internal controls; remediation plan to be detailed in amended filings.
Previously issued financial statements for 2023 (8-K, S-1) and Q1 2024 (10-Q) should no longer be relied upon.

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