Zeo Energy (ZEO) Registration filing summary

Company overview and business model

• Vertically integrated provider of residential solar energy systems, including design, procurement, installation, and maintenance, with additional offerings in energy efficiency and roofing services.

• Expanded operations across multiple states, with a focus on Florida, Texas, Ohio, Illinois, and Virginia, and recent entry into new markets through acquisitions and asset purchases.

• Acquired Heliogen in August 2025, adding capabilities in long-duration energy storage and utility-scale energy projects for commercial and industrial clients.

• Originated as a SPAC, completing a business combination with Sunergy Renewables in March 2024 and subsequently rebranding.

Financial performance and metrics

• As of August 20, 2026, Class A Common Stock closed at $0.4465 per share and warrants at $0.0187 per warrant on Nasdaq.

• Outstanding indebtedness includes a $1.67 million unsecured promissory note to White Lion Capital, with potential for up to $7.5 million in convertible notes.

• White Lion equity line of credit allows for up to $30 million in share purchases through January 2029.

• Approximately 190 employees as of December 31, 2025.

Use of proceeds and capital allocation

• Net proceeds from any primary offerings are intended for working capital and general corporate purposes, with management retaining broad discretion over allocation.

• No cash dividends planned; all earnings to be retained for business growth and development.