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HELIOGEN INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Heliogen, Inc. - HLGN

1. Former LA Attorney General investigates Heliogen's sale to Zeo Energy. 2. Shareholders to receive $10 million in Zeo stock if the deal closes. 3. Investigation seeks to determine if Heliogen's valuation is adequate. 4. Adjustments based on Heliogen’s cash at transaction closing. 5. Concerns raised about undervaluation may impact shareholder decisions.

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FAQ

Why Bearish?

The investigation into the sale suggests potential undervaluation, causing investor uncertainty similar to past M&A scrutiny cases.

How important is it?

The ongoing investigation can significantly impact market perception and pricing of HLGN’s shares as stakeholders evaluate the adequacy of the sale.

Why Short Term?

The investigation could quickly influence market sentiment around the pending transaction, reminiscent of other rapid M&A analyses.

Related Companies

ZEO
- NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Heliogen, Inc. (OTC: HLGN) to Zeo Energy Corp. (NasdaqCM: ZEO). Under the terms of the proposed transaction, shareholders of Heliogen will receive shares of Zeo’s Class A common stock valued at approximately $10 million in the aggregate, based on a Zeo Class A common stock price of $1.5859 per share, and subject to an adjustment mechanism based on Heliogen’s net cash at the closing. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/otc-hlgn/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com. CONNECT WITH US: FaceBook || Instagram || YouTube || TikTok || LinkedIn More News From Kahn Swick & Foti, LLC

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