secwatch.observer — SEC 8-K summary
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Issuer:     Zeo Energy Corp. (ZEO)
CIK:        0001865506
Form:       8-K/A
Filed at:   2025-08-12T23:59:59+00:00
Accession:  0001213900-25-074957
Event type: m_and_a
Sentiment:  negative
Materiality: 0.85
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zeo Energy completes acquisition of Heliogen; Heliogen reports $6.4M Q1 loss, going concern doubt
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- Merger closed on Aug 8, 2025; exchange ratio 0.9591 Zeo shares per Heliogen share.
- Post-merger Zeo expects 54,832,032 shares outstanding, up from 48,526,464 pre-merger.
- Heliogen Q1 2025 net loss $6.4M, revenue $0, cash burn $8.4M; $30.1M cash, no debt.
- Heliogen auditors express substantial doubt about ability to continue as going concern.
- Heliogen's prior year (2024) revenue was $1.5M with $15.2M net loss in Q1 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865506/000121390025074957/0001213900-25-074957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865506/000121390025074957/ea0252616-8ka1_zeoenergy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-074957

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