Zeo Energy signs up to $7.5 million convertible note deal with White Lion Capital
Zeo Energy agreed on June 9, 2026 to sell up to $7.5 million of convertible notes to White Lion Capital, with $1.5 million of gross proceeds received at the first closing. The notes convert into Class A common stock at a price that can fall to a discount to market, which may dilute existing shareholders, and the company must seek stockholder approval for conversions above a 19.99% cap within 60 days.
Key points
- First closing on June 9, 2026: $1,670,000 convertible note issued for $1,500,000 gross proceeds
- Up to $6,000,000 more may be raised in later closings before June 9, 2027, subject to mutual agreement, with a 10% original issue discount
- Notes mature in 24 months, bear 5% annual interest, and convert at a price tied to a $0.50 floor and a 95% discount to recent trading prices
- Company must seek stockholder approval for share issuances above 19.99% of outstanding shares within 60 days and file a resale registration statement within 30 days of the first closing
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 15, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.