secwatch.observer — SEC 8-K summary
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Issuer:     Zeo Energy Corp. (ZEO)
CIK:        0001865506
Form:       8-K
Filed at:   2025-05-29T23:59:59+00:00
Accession:  0001213900-25-048509
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zeo Energy acquires Heliogen for $10M stock; exchange ratio based on $1.59/share
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- Total Merger Consideration $10M, adjusted by Heliogen's Net Cash collar of $13M-$16M.
- Exchange Ratio = (Consideration / 6.6M fully diluted shares) / $1.5859; Heliogen shareholders get ZEO shares.
- Closing conditions include Heliogen stockholder vote, Nasdaq listing, S-4 effectiveness, Net Cash ≥ $10M.
- Holders of ~23.5% of Heliogen voting power signed Voting Agreements to support the deal.
- Heliogen pays Zeo a termination fee of $450,000 in certain scenarios (e.g., superior proposal).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865506/000121390025048509/0001213900-25-048509-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865506/000121390025048509/ea0243493-8k425_zeo.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-048509

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