DALLAS - ESGEN Acquisition Corp. (NASDAQ:ESACU, ESAC, ESACW), a special purpose acquisition company, has announced its shareholders' approval of the proposed business combination with Sunergy Renewables, LLC, a Florida-based provider of residential solar and energy efficiency solutions. The decision came during a special meeting on Wednesday.
With shareholder consent secured, the merger is anticipated to close in the coming weeks. Upon completion, the newly combined entity will be rebranded as Zeo Energy Corp. and is expected to list on the Nasdaq Stock Exchange under the ticker symbols "ZEO" for common stock and "ZEOWW" for warrants, pending the fulfillment of remaining conditions.
Sunergy has established itself as a regional leader in the solar and energy solutions industry, focusing on markets with high growth potential and limited competition. ESGEN, led by CEO Andrejka Bernatova and CFO Nader Daylami, was created for the purpose of facilitating mergers and acquisitions, capitalizing on the expertise of its affiliate, Energy Spectrum Capital.
The official results from the shareholder vote at the special meeting will be reported in a forthcoming Form 8-K filing with the Securities and Exchange Commission. More details on the business combination were previously disclosed in announcements on April 19, 2023, and January 25, 2024.
This news is based on a press release statement and includes forward-looking statements regarding the expected closing and trading of the combined company's securities. These statements are subject to various risks, uncertainties, and other factors that could impact the actual outcomes and should be viewed with caution. The completion of the merger is subject to customary closing conditions and no assurances can be made that the anticipated benefits of the business combination will be realized.
Investors and shareholders are encouraged to review the registration statement and proxy materials filed by ESGEN with the SEC for a more comprehensive understanding of the proposed transaction and its implications.
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