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.