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Reverse Recapitalization (Tables)

9 Months Ended

Sep. 30, 2024

Reverse Recapitalization [Abstract]

Schedule of Business Combination to the Consolidated Statements of Cash Flows

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	)

Schedule of Consummation of the Business Combination

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

X

- Definition

Tabular disclosure of transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination.

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-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-3

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-SubTopic 10
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