Zeo Energy Corp. (ZEO): M&A transaction — Zeo Energy completes asset purchase from bankrupt Lumio for $4M cash and 6.2M shares

Zeo Energy Corp.

Acquired uninstalled residential solar contracts, inventory, IP, and goodwill from Lumio (Chapter 11 debtor) for $4M cash and 6,206,897 shares of Common Stock.
Bankruptcy Court approved the transaction on Nov 1, 2024; deal closed same day.
Separately, Zeo issued 1,873,103 shares to LHX at $1.45/share ($2.716M) under a subscription agreement; LHX gets a board seat.
CEO Tim Bridgewater says acquisition positions Zeo for above-industry growth in 2025, leveraging Lumio's sales reps.
Zeo also agreed to file a resale registration statement for the SA shares within 15 days.

item 2.01 item 3.02 item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Zeo Energy Corp. completed an acquisition involving Lumio Holdings, Inc. and Lumio HX, Inc. for (i) $4 million in cash and (ii) 6,206,897 shares of the Company’s Class A Common Stock (closed 2024-11-01).

Action: acquisition
Counterparty: Lumio Holdings, Inc. and Lumio HX, Inc.
Consideration: (i) $4 million in cash and (ii) 6,206,897 shares of the Company’s Class A Common Stock
Closing: 2024-11-01

Exact text from the filing

assumed (collectively, the “Liabilities” and such acquisition of the Assets and assumption of the Liabilities together, the “Transaction”) for a total purchase price of (i) $4 million in cash and (ii) 6,206,897 shares (the “APA Shares”) of the Company’s Class A Common Stock, par value $0.0001 (the “Common Stock”), to be paid to LHX Intermediate, LLC, a

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Zeo Energy Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-094780

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