M&A
confidence high
sentiment neutral
materiality 1.00
Heliogen, Inc.: M&A transaction — Heliogen acquired by Zeo Energy; stockholders receive 0.9591 Zeo shares per HLGN share
Heliogen, Inc.
- Merger completed Aug 8, 2025; each Heliogen share converted into 0.9591 Zeo Energy Class A shares.
- Heliogen common stock and warrants to be delisted from OTCQX and OTCPK; Form 15 to be filed to suspend SEC reporting.
- Heliogen's directors and officers resigned; Timothy Bridgewater and Stirling Adams became directors/officers of surviving entity.
- Stockholders approved merger at special meeting with 3,504,832 votes for, 167,216 against.
- All outstanding Heliogen options and RSUs vested and cancelled; no payment for out-of-the-money options or SPAC warrants.