Heliogen, Inc. (OTC - HLGN)

Heliogen, Inc. (OTC – HLGN)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Heliogen, Inc. (OTC – HLGN)

BALA CYNWYD – June 13, 2025/Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Heliogen, Inc. (“Heliogen” or the “Company”) (OTC – HLGN) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo Energy”). Under the terms of the all-stock transaction, upon the closing of the transaction, Heliogen’s securityholders 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.

The investigation concerns whether the Heliogen Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the consideration provides fair value to the Company’s shareholders.

If you own shares of Heliogen stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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