Zeo Energy (ZEO) has issued an update.
On March 13, 2024, an agreement was finalized granting certain shareholders of Zeo Energy Corp (“Zeo”) registration rights for their Class A Common Stock. This agreement is part of a larger business restructuring involving multiple agreements and the formation of an “Up-C” structure, with Zeo becoming a publicly listed holding company. Additionally, a lock-up agreement and tax receivable agreement were established, setting terms for stock transfers and financial benefits related to tax savings, respectively. Furthermore, Zeo’s board and executives entered into indemnification agreements and shareholders approved an equity incentive plan. Following these changes, Zeo’s common stock began trading on Nasdaq.
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