HLGN - Mergers and acquisitions

Heliogen, Inc. ("Heliogen" or the "Company") (OTCQX:HLGN), a leading provider of AI-enabled concentrating solar energy technology, today announced that its Board of Directors (the "Board") adopted an amendment to its existing limited duration stockholder rights plan (as amended, the "Rights Plan") to extend the duration of the Rights Plan and reduce the exercise price of the rights. Julie Kane, Chair of the Board, stated "Heliogen continues to experience a significant and ongoing dislocation in the trading price of its common stock. The extension of the Rights Plan is intended to enable all of our stockholders to realize the long-term value of their investment, particularly in light of th

Heliogen, Inc. ("Heliogen" or the "Company") (NYSE:HLGN), a leading provider of AI-enabled concentrating solar energy technology, today announced that its Board of Directors (the "Board") has adopted a limited duration stockholder rights plan, effective immediately (the "Rights Plan"). The Board adopted the Rights Plan in response to the previously disclosed unsolicited, non-binding proposal to acquire Heliogen made by Continuum Renewables, Inc. ("CRI"), which is controlled by entities that directly or indirectly own approximately 26% of the Company's outstanding shares of common stock. The Rights Plan is intended to enable all stockholders to realize the full value of their investment in