SCHEDULE 13G/A: Cowen and Company, LLC Reports 2.0% Beneficial Ownership in ZEO Energy Corp. via Warrants
Beneficial Ownership Report
Cowen and Company, LLC, now succeeded by TD Securities (USA) LLC, has reported a 2.0% beneficial ownership stake in ZEO Energy Corp. through the holding of 280,000 exercisable warrants.
Summary
- Cowen and Company, LLC, identified as the reporting person, holds beneficial ownership of ZEO Energy Corp.'s Class A Common Stock.
- The beneficial ownership amounts to 280,000 shares, representing 2.0% of the Class A Common Stock.
- This ownership is comprised solely of shares issuable upon the exercise of warrants to purchase Common Stock.
- The warrants held by the reporting person have an exercise price of $11.50 per share and are presently exercisable.
- The percentage of class is calculated based on 14,031,845 shares of Common Stock reported outstanding by ZEO Energy Corp. in its Form 10-Q for the quarter ended September 30, 2024, plus the 280,000 warrants.
- TD Securities (USA) LLC is the successor in interest to Cowen and Company, LLC by merger, effective December 9, 2024.
- The filing is an Amendment No. 1 to Schedule 13G, indicating a change or update to a previously filed statement.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would typically influence sentiment positively or negatively. It is a neutral regulatory filing.
Future Outlook
This Schedule 13G filing does not contain any forward-looking statements or guidance regarding ZEO Energy Corp.'s future performance or strategic outlook.
Industry Context
This filing is a standard disclosure of beneficial ownership by an institutional investor (broker/dealer) and does not provide broader industry trends or competitive analysis. It reflects a specific investment position rather than a strategic industry move.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional ownership stake, which can be a factor in assessing institutional confidence in the company. The 2.0% stake is not large enough to suggest control or significant influence.
Key Dates
| Date | Description |
|---|---|
| 2024-12-09 | Effective date of merger where TD Securities (USA) LLC became successor in interest to Cowen and Company, LLC. |
| 2024-12-31 | Date of event which requires the filing of this statement. |
| 2025-01-23 | Date ZEO Energy Corp. filed its quarterly report on Form 10-Q for the period ended September 30, 2024, reporting 14,031,845 shares outstanding. |
| 2025-02-11 | Date the Schedule 13G Amendment No. 1 was signed and filed. |
Keywords
ZEO Energy Corp., Cowen and Company LLC, TD Securities (USA) LLC, Schedule 13G, Beneficial Ownership, Class A Common Stock, Warrants, SEC Filing, Equity Stake, Investment
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