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.

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