Heliogen Inc. has announced the completion of its merger agreement with Zeo Energy. As part of the transaction, each share of Heliogen's common stock was converted into the right to receive 0.9591 shares of Zeo Energy Class A Common Stock. Additionally, any fractional share interests were compensated in cash. The merger, which automatically terminated Heliogen's Rights Agreement and 2021 Employee Stock Purchase Plan, also saw all Heliogen restricted stock units fully vested and converted into the merger consideration. Zeo Energy's Class A Common Stock is now listed on the Nasdaq Stock Market LLC.
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