Item 1.01. Entry into a Material Definitive Agreement.
Summary Term Sheet
On
The Term Sheet provides that upon the terms and subject to the conditions to be
set forth in a definitive Merger Agreement ("Merger Agreement"),
The Merger Agreement will contain customary representations and warranties from each of Parent and the Company, and each party has agreed to customary covenants, including, among others, covenants relating to the conduct of the Company's and Parent's businesses during the interim period between the execution of the Terms Sheet and the Closing Date.
The definitive Merger Agreement is subject to the Parent's Board approval.
The foregoing description of the Term Sheet does not purport to be complete and is qualified in its entirety by reference to the full text of the Term Sheet, which is attached hereto as Exhibit 2.1 and is incorporated herein by reference.
Item 8.01 Other Events.
On
Item 9.01. Financial Statement and Exhibits.
(d) Exhibits Number Description 2.1 Summary Term Sheet, datedDecember 30, 2020 , by and among iSun Energy, LLC,The Peck Company Holdings, Inc. ,Sassoon M. Peress , andRenewz Sustainable Solutions, Inc. 99.1 Press Release datedJanuary 5, 2021 regarding the Term Sheet
Additional Information about the Transaction and Forward-Looking Statements
This document contains forward-looking statements concerning the Merger, future
financial and operating results, benefits and synergies of the Merger, future
opportunities for the combined businesses and any other statements regarding
events or developments that the parties believe or anticipate will or may occur
in the future. Risks and uncertainties may cause actual results and benefits of
the Merger to differ materially from management expectations. Potential risks
and uncertainties include, among others: general economic conditions and
conditions affecting the industries in which the Parent and the Company operate.
Additional information regarding the factors that may cause actual results to
differ materially from these forward-looking statements is available in the
Parent's
This Current Report on Form 8-K shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
any such jurisdiction. No offering of securities shall be made except by means
of a prospectus meeting the requirements of Section 10 of the
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