Zeo Energy Corp. Receives Nasdaq Notice on Late Filing of its Form 10-Q
29 Mayo 2025 - 3:05PM
Zeo Energy Corp. (Nasdaq: ZEO) “Zeo Energy” or the
“Company”), announced today that, as expected, it received
a notice (the “Notice”) from Nasdaq on May 22, 2025, notifying the
Company that it is not in compliance with the periodic filing
requirements for continued listing set forth in Nasdaq Listing Rule
5250(c)(1) because the Company’s Quarterly Report on Form
10-Q for the for the three months ended March 31, 2025 (the
“10-Q”) was not filed with the Securities and Exchange Commission
(the “SEC”) by the required due date of May 15, 2025.
As previously reported in the Current Report on
Form 8-K filed with the Securities and Exchange Commission (the
“Commission”) on April 18, 2025, the Company received a deficiency
notice from Nasdaq that the Company was not in compliance with
Nasdaq’s Listing Rules as set forth in Listing Rule 5250(c)(1)
given the Company’s failure to timely file its Annual Report on
Form 10-K for the fiscal year ended December 31, 2024 (the “10-K”).
The Company subsequently filed the 10-K on May 28, 2025.
This Notice received from Nasdaq has no
immediate effect on the listing or trading of the Company’s shares.
Nasdaq has provided the Company until Monday, June 16, 2025, to
submit a plan to regain compliance. If Nasdaq accepts the Company’s
plan, then Nasdaq may grant the Company an exception until October
13, 2025 to regain compliance with the Nasdaq Listing Rules.
The Company continues to work diligently to
complete the 10-Q, after which the Company anticipates maintaining
compliance with its SEC reporting obligations.
This announcement is made in compliance with
Nasdaq Listing Rule 5810(b), which requires prompt disclosure of
receipt of a deficiency notification.
About Zeo Energy Corp.
Zeo Energy Corp. is a Florida-based regional
provider of residential solar, distributed energy, and energy
efficiency solutions. Zeo Energy focuses on high-growth markets
with limited competitive saturation. With its differentiated sales
approach and vertically integrated offerings, Zeo Energy, through
its Sunergy business, serves customers who desire to reduce high
energy bills and contribute to a more sustainable future. For more
information on Zeo Energy Corp., please visit
www.zeoenergy.com.
Cautionary Note Regarding
Forward-Looking Statements
This news release contains certain
forward-looking statements within the meaning of section 27A of the
Securities Act of 1933, as amended (the “Securities Act”), and
Section 21E of the Exchange Act of 1934, as amended, that are based
on beliefs and assumptions and on information currently available
to the Company. Such statements may include, but are not limited
to, statements that refer to projections, forecasts, or other
characterizations of future events or circumstances, including any
underlying assumptions. The words “anticipate,” “intend,” “plan,”
“goal,” “seek,” “believe,” “project,” “estimate,” “expect,”
“strategy,” “future,” “likely,” “may,” “should,” “will,” and
similar references to future periods may identify forward-looking
statements, but the absence of these words does not mean that a
statement is not forward-looking. Forward-looking statements may
include, for example, statements about the filing of the 10-Q,
maintaining compliance with SEC reporting obligations and regaining
compliance with Nasdaq listing rules. These forward-looking
statements are based on information available as of the date of
this news release, and current expectations, forecasts, and
assumptions, and involve a number of judgments, risks, and
uncertainties. Accordingly, forward-looking statements should not
be relied upon as representing the Company’s views as of any
subsequent date, and the Company does not undertake any obligation
to update such forward-looking statements to reflect events or
circumstances after the date they were made, whether as a result of
new information, future events, or otherwise, except as may be
required under applicable securities laws. You should not place
undue reliance on these forward-looking statements. As a result of
a number of known and unknown risks and uncertainties, the
Company’s actual results or performance may be materially different
from those expressed or implied by these forward-looking
statements. Some factors that could cause actual results to differ
include: (i) the outcome of any legal proceedings that may be
instituted against the Company or others; (ii) the Company’s
success in retaining or recruiting, or changes required in, its
officers, key employees, or directors; (iii) the Company’s ability
to maintain the listing of its common stock and warrants on Nasdaq;
(iv) limited liquidity and trading of the Company’s securities; (v)
geopolitical risk and changes in applicable laws or regulations;
(vi) the possibility that the Company may be adversely affected by
other economic, business, and/or competitive factors; (vii)
operational risk; (viii) litigation and regulatory enforcement
risks, including the diversion of management time and attention and
the additional costs and demands on the Company’s resources; and
(ix) other risks and uncertainties, including those included under
the heading “Risk Factors” in the Company’s Annual Report on Form
10-K filed with the SEC for the year ended December 31, 2024 and in
its subsequent periodic reports and other filings with the SEC.
In light of the significant uncertainties in
these forward-looking statements, you should not regard these
statements as a representation or warranty by the Company, its
respective directors, officers or employees or any other person
that the Company will achieve its objectives and plans in any
specified time frame, or at all. The forward-looking statements in
this news release represent the views of the Company as of the date
of this news release. Subsequent events and developments may cause
that view to change. However, while the Company may elect to update
these forward-looking statements at some point in the future, there
is no current intention to do so, except to the extent required by
applicable law. You should, therefore, not rely on these
forward-looking statements as representing the views of the Company
as of any date subsequent to the date of this news release.
Zeo Energy Corp. Contacts
For Investors:Tom Colton and Greg BradburyGateway
GroupZEO@gateway-grp.com
For Media:Zach KadletzGateway GroupZEO@gateway-grp.com
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