News

Zeo Energy Corp. received a Nasdaq compliance notice for late filing its Annual Report, with 60 days to submit a compliance plan.

Quiver AI Summary

Zeo Energy Corp. announced that it received a notice from Nasdaq on April 17, 2025, indicating non-compliance with listing requirements due to the late filing of its Annual Report on Form 10-K for the year ending December 31, 2024. The report was due by March 31, 2025. Although the notice has no immediate impact on trading, Zeo Energy has 60 days to submit a plan for regaining compliance, with the possibility of an extension until October 13, 2025, if the plan is accepted. The company is actively working on the report and aims to meet its SEC obligations going forward. Zeo Energy Corp. specializes in residential solar and energy efficiency solutions, focusing on growth markets.

Potential Positives

• The company has been granted a 60-day period to submit a plan to regain compliance with Nasdaq listing rules, demonstrating the opportunity to rectify its filing issue.
• Receiving the notice from Nasdaq does not have an immediate effect on the listing or trading of the company's shares, indicating stability in the short term.
• Zeo Energy is actively working to complete its Fiscal Year 2024 10-K and anticipates resuming compliance, showcasing a proactive approach to addressing its regulatory obligations.

Potential Negatives

• Failure to file the Annual Report on Form 10-K by the due date raises concerns about the company's compliance and could impact investor confidence.
• The receipt of a compliance notice from Nasdaq indicates that the company is under scrutiny, which may affect its reputation and stock performance.
• The 60-day deadline to submit a plan for regaining compliance may signal underlying operational challenges within the company, raising doubts about its financial health.

FAQ

What notice did Zeo Energy receive from Nasdaq?

Zeo Energy received a notice regarding non-compliance with periodic filing requirements for their Annual Report on Form 10-K.

What is the deadline for Zeo Energy to regain compliance with Nasdaq?

The deadline for Zeo Energy to submit a compliance plan is June 16, 2025.

Will Zeo Energy's share listing be affected immediately?

No, the notice from Nasdaq has no immediate effect on the listing or trading of the Company's shares.

When was Zeo Energy's Fiscal Year 2024 10-K due?

The Fiscal Year 2024 10-K was due on March 31, 2025.

What does Zeo Energy provide in its services?

Zeo Energy is a provider of residential solar, distributed energy, and energy efficiency solutions.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$ZEO Hedge Fund Activity

We have seen 7 institutional investors add shares of $ZEO stock to their portfolio, and 4 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• K2 PRINCIPAL FUND, L.P. removed 115,580 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $396,439
• VANGUARD GROUP INC added 63,010 shares (+inf%) to their portfolio in Q4 2024, for an estimated $216,124
• TOWNSQUARE CAPITAL LLC removed 50,378 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $172,796
• GEODE CAPITAL MANAGEMENT, LLC added 45,190 shares (+140.3%) to their portfolio in Q4 2024, for an estimated $155,001
• VIRTU FINANCIAL LLC removed 13,208 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $45,303
• XTX TOPCO LTD added 12,126 shares (+inf%) to their portfolio in Q4 2024, for an estimated $41,592
• TOWER RESEARCH CAPITAL LLC (TRC) removed 8,609 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $29,528

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

NEW PORT RICHEY, Fla., April 18, 2025 (GLOBE NEWSWIRE) --

Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo Energy” or the “Company”)

, announced today that, as expected, it received a notice (the “Notice”) from Nasdaq on April 17, 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 Annual Report on Form 10-K for the year ended December 31, 2024 (“Fiscal Year 2024 10-K”) was not filed with the Securities and Exchange Commission (the “SEC”) by the required due date of March 31, 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 with 60 calendar days, until Sunday, 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 its Fiscal Year 2024 10-K, with subsequent periodic filings made on-time, 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 Fiscal Year 2024 10-K, 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, 2023 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 Bradbury

Gateway Group

ZEO@gateway-grp.com

For Media:

Zach Kadletz

Gateway Group

ZEO@gateway-grp.com

This article was originally published on Quiver News, read the full story.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.