XML 114 R11.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Reverse Recapitalization | 9 Months Ended
--- | ---
Sep. 30, 2024
Reverse Recapitalization [Abstract] |
REVERSE RECAPITALIZATION | NOTE 4 — REVERSE RECAPITALIZATION As discussed in Note 1, “Organization and Business Operation”, the Business Combination was consummated on March 13, 2024, which, for accounting purposes, was treated as the equivalent of Zeo issuing stock for the net assets of ESGEN, accompanied by recapitalization. Under this method of accounting, ESGEN was treated as the acquired company for financial accounting and reporting purposes under GAAP. Transaction Proceeds Upon closing of the Business Combination, the Company received gross proceeds of $17.7 million from the Business Combination, offset by total transaction costs and other fees totaling $7.4 million. The following table reconciles the elements of the Business Combination to the consolidated statements of cash flows and the consolidated statement of changes in stockholders’ deficit for the period ended September 30, 2024:
Cash-trust and cash, net of redemptions |  | $ | 2,714,091 |
Less: transaction costs, promissory note and professional fees, paid |  |  | (7,350,088 | )
Proceeds from Sponsor PIPE Investment |  |  | 15,000,000 |
Net proceeds from the Business Combination |  |  | 10,364,003 |
Less: liabilities assumed |  |  | (12,041,288 | )
Reverse recapitalization, net |  | $ | (1,677,285 | )
The number of shares of Common Stock issued immediately following the consummation of the Business Combination was:
|  | Class V Common Stock |  | Class A Common Stock
ESGEN Class A common stock, outstanding prior to the Business Combination |  | — |  | 7,027,636 |
Forfeiture of Class A founder shares |  | — |  | (2,900,000 | )
Less redemptions |  | — |  | (1,159,976 | )
Class A common stock of ESGEN |  | — |  | 2,967,660 |
ESGEN Class B common stock, outstanding prior to the Business Combination |  | — |  | 1,280,923 |
Business Combination shares |  | — |  | 4,248,583 |
Sunergy Shares |  | 33,730,000 |  | — |
Issuance of Class A Shares to third party advisors |  | — |  | 553,207 |
Issuance of Class A Shares to backstop investor |  | — |  | 225,174 |
Shares issued to sponsor |  | 1,500,000 |  | — |
Common Stock immediately after the Business Combination |  | 35,230,000 |  | 5,026,964 |
Public and private placement warrants The 13,800,000 Public Warrants issued at the time of ESGEN’s initial public offering remained outstanding and became warrants for the Company and the 14,040,000 Private Placement Warrants were forfeited. Redemption Prior to the closing of the Business Combination, certain ESGEN public stockholders exercised their right to redeem certain of their outstanding shares for cash, resulting in the redemption of 1,159,976 shares of ESGEN Class A common stock for an aggregate payment from the Trust of $13,336,056.

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | zeo_ReverseRecapitializationTextBlock
Namespace Prefix: | zeo_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration