debt
confidence high
sentiment neutral
materiality 0.60
Zeo Energy enters $7.5M convertible note facility with White Lion Capital; first $1.5M funded
Zeo Energy Corp.
- Note Purchase Agreement with White Lion Capital for up to $7.5M in convertible notes; first closing of $1.5M funded on June 9, 2026.
- Notes mature 24 months, 5% interest, convertible at floor $0.50/share or 95% of 5-day VWAP, subject to Nasdaq minimum price.
- Conversion capped at 19.99% of pre-first closing shares unless shareholder approval obtained within 60 days.
- Additional closings up to $6M within 12 months by mutual agreement; subsequent notes have 10% original issue discount.
- Registration Rights Agreement requires filing resale registration statement for conversion shares within 30 days.