Brief: Sunergy Signs Agreement To Become A Public Company Through A Combination With Esgen Acquisition Corp.

Zeo Energy

19/04/2023 13:34

April 19 (Reuters) - ESGEN Acquisition Corp  ESAC.O :
    * SUNERGY, A PROVIDER OF RESIDENTIAL SOLAR AND ENERGY
EFFICIENCY
SOLUTIONS, SIGNS BUSINESS COMBINATION AGREEMENT TO BECOME A
PUBLIC COMPANY THROUGH A COMBINATION WITH ESGEN ACQUISITION
CORP.
    * ESGEN ACQUISITION CORP - PRO FORMA IMPLIED ENTERPRISE
VALUE OF
COMBINED COMPANY OF $475 MILLION
    * ESGEN ACQUISITION CORP - COMBINED COMPANY IS EXPECTED TO
BE
LISTED ON NASDAQ STOCK EXCHANGE
    * ESGEN ACQUISITION CORP - ESGEN'S SPONSOR, ESGEN LLC HAS
COMMITTED TO A COMMON STOCK PIPE INVESTMENT OF $10 MILLION AT
$10 PER SHARE
    * ESGEN ACQUISITION CORP - AFTER TRANSACTION, BOARD OF
DIRECTORS
OF COMBINED COMPANY WILL INCLUDE REPRESENTATIVES FROM BOTH
SUNERGY AND ESGEN

Source text for Eikon:  ID:nGNX5KNJFq 
Further company coverage:  ESAC.O