Heliogen, Inc. announced that Institutional Shareholder Services Inc. (ISS) and Glass, Lewis & Co., LLC, two leading independent proxy advisory firms, have both recommended that Heliogen stockholders vote 'FOR' the proposed merger with Zeo Energy Corp. This endorsement provides significant support for the transaction ahead of the special meeting.
The special meeting of Heliogen stockholders to vote on the merger is scheduled for August 8, 2025. Approval of the merger requires the affirmative vote of holders of a majority of all outstanding shares of Heliogen's common stock as of the record date, June 30, 2025.
Following the closing, Zeo plans to integrate Heliogen's solutions, brand, intellectual property, capital, and technical talent to establish a division focused on long-duration energy generation and storage. This new division will target commercial and industrial-scale facilities, including AI and cloud computing data centers, expanding Zeo's clean energy platform.
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