DALLAS and NEW PORT RICHEY, Fla., March 07, 2024 (GLOBE NEWSWIRE) — ESGEN Acquisition Corp. (Nasdaq: ESACU, ESAC, ESACW), a publicly-traded special purpose acquisition company, and Sunergy Renewables, LLC, a leading Florida-based provider of residential solar and energy efficiency solutions, today announced that ESGEN’s shareholders have approved its previously announced proposed business combination with Sunergy at its extraordinary general meeting of ESGEN’s shareholders held on Wednesday, March 6, 2024.
With the Special Meeting complete, the Business Combination is expected to close in the coming weeks. In connection with the closing of the Business Combination, the combined company will change its name to Zeo Energy Corp. and is expected to be publicly listed on the Nasdaq Stock Exchange. The common stock and warrants of the combined company are expected to trade on the Nasdaq Capital Market under the new ticker symbols “ZEO” and “ZEOWW,” respectively, subject to the satisfaction or waiver, as applicable, of all other closing conditions.
The formal results of the Special Meeting shareholder vote will be included in a Current Report on Form 8-K to be filed by ESGEN with the Securities and Exchange Commission.
Additional details on the proposed Business Combination can be found in the original announcement from April 19, 2023, linked here, as well as in the subsequent update announced on January 25, 2024, linked here.
About Sunergy
Sunergy is a Florida-based regional provider of residential solar, distributed energy, and energy efficiency solutions focused on high growth markets with limited competitive saturation. With its differentiated sales approach and vertically integrated offerings, Sunergy serves customers who desire to reduce high energy bills and contribute to a more sustainable future.
About ESGEN Acquisition Corp.
ESGEN (Nasdaq: ESACU, ESAC, ESACW) is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. ESGEN is led by Chief Executive Officer, Andrejka Bernatova and Chief Financial Officer, Nader Daylami, and is affiliated with Energy Spectrum Capital, a Dallas-based private investment firm with long-standing experience building companies across the energy infrastructure landscape over multiple decades.
