DealsJun 15, 2026, 04:12 PM
Zeo Energy Corp. Secures Up to $7.5M in Notes from White Lion Capital
AI Summary
Zeo Energy Corp. has entered into a Note Purchase Agreement with White Lion Capital, LLC, allowing for the issuance of up to $7,500,000 in unsecured promissory notes. The initial closing on June 9, 2026, resulted in $1,500,000 in proceeds from a $1,670,000 note. Further closings are possible within a year, subject to mutual agreement. The notes carry a 5% interest rate, mature in 24 months, and are convertible into the company's Class A Common Stock under specific conditions, including a floor price and potential penalties upon default.
Key Highlights
- Zeo Energy Corp. entered a Note Purchase Agreement with White Lion Capital, LLC.
- The agreement allows for up to $7,500,000 in unsecured promissory notes.
- The first closing on June 9, 2026, involved a $1,670,000 note for $1,500,000 in proceeds.
- Additional closings for up to $6,000,000 can occur before June 9, 2027.
- Notes mature in 24 months and accrue 5% annual interest.
- Notes are convertible into Class A Common Stock at a price based on market conditions, with a floor price of $0.50.
- Events of default can lead to an increase in the principal amount by 20% plus accrued interest.
Price Impact
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