secwatch.observer — SEC 8-K summary
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Issuer:     Zeo Energy Corp. (ZEO)
CIK:        0001865506
Form:       8-K/A
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0001213900-24-070378
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zeo Energy restates FY2023 & Q1 2024 financials; net income cut by $1.4M
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- FY2023 net income reduced by $1.417M due to corrections in accounts payable, accrued expenses, and revenue.
- Q1 2024 net loss increased by ~$193K; stock-based compensation ($505K) and transaction costs ($572K) were missed.
- Material weaknesses exist in internal control over financial reporting: reconciliations, journal entry review.
- Sunergy audited FY2023 assets restated to $48.1M; liabilities $17.5M; equity $30.6M.
- Filing amends prior 8-Ks after non-reliance determination announced on July 29, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865506/000121390024070378/0001213900-24-070378-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865506/000121390024070378/ea0211680-8ka2_zeo.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-070378

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