Zeo Energy Corp. and Heliogen, Inc. announced they have entered into a definitive agreement for Zeo to acquire all of Heliogen’s outstanding equity securities in an all-stock transaction. The deal is valued at approximately $10 million in aggregate for Heliogen securityholders, based on a Zeo Class A common stock price of $1.5859 per share, subject to adjustment based on Heliogen’s net cash at closing.
The acquisition is expected to close in the third quarter of 2025, contingent upon customary closing conditions, including approval by Heliogen’s stockholders and Heliogen having a specified minimum amount of net cash at closing. This transaction represents the culmination of Heliogen’s comprehensive strategic alternatives review process.
Zeo Energy plans to leverage Heliogen’s solutions, brand, intellectual property, capital, and technical talent to establish a new division. This division will focus on long-duration energy generation and storage for commercial and industrial-scale facilities, including artificial intelligence and cloud computing data centers, aiming to create a robust clean energy platform.
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