Form 4: Zeo Energy Corp. Director Mark Jacobs Reports Share Conversion and Exchange

Director Mark Jacobs reports the conversion of Class B ordinary shares to Class A ordinary shares and subsequent exchange for Class A common stock following Zeo Energy Corp.'s business combination and domestication.

Summary

• On March 13, 2024, Mark Jacobs, a director of Zeo Energy Corp., converted 80,000 Class B ordinary shares of ESGEN Acquisition Corp. to Class A ordinary shares.
• This conversion was part of the Business Combination Agreement dated April 19, 2023, and amended on January 24, 2024.
• In connection with the conversion, 58,000 Class B shares were forfeited.
• Following ESGEN's domestication as a Delaware corporation, the Class A shares held by Jacobs were exchanged for an equal number of shares of Class A common stock of Zeo Energy Corp. on March 13, 2024.
• The reporting person directly owns 80,000 Class A Ordinary Shares and 80,000 Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reports routine transactions related to a business combination, suggesting a neutral to slightly positive sentiment as the company progresses through its integration phase.

Industry Context

This announcement reflects standard corporate actions following a business combination, including share conversions and exchanges to align the capital structure of the newly formed entity.

Stakeholder Impact

• The share conversion and exchange impact shareholders by aligning their holdings with the new corporate structure.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates