ESGEN Acquisition Corp. Class A (ESAC) has released an update to notify the public and investors about the unregistered sales of equity securities.
The disclosure details the offering and sale of Convertible OpCo Preferred Units and the issuance of New PubCo Class V Common Stock in relation to a Business Combination and Sponsor PIPE Investment. These securities will not be registered under the Securities Act, utilizing the exemption outlined in Section 4(a)(2).
For further insights into ESAC stock, check out TipRanks’ Stock Analysis page.
