Heliogen Announces Sale to Zeo Energy

New York – May 29, 2025 – Cooley advised Heliogen (listed as HLGN on the over-the-counter quotation exchange [OTCQX]), a provider of on-demand clean energy technology solutions, on its definitive agreement with Zeo Energy (Nasdaq: ZEO), a Florida-based provider of residential solar and energy efficiency solutions, representing the culmination of Heliogen’s review of strategic alternatives and pursuant to which Zeo will acquire all of Heliogen’s outstanding equity securities in an all-stock transaction.

Cooley lawyers Bill Roegge, John-Paul Motley, Dave Young and Lindsey O’Crump led the team advising Heliogen, with support from Kevin Cooper, Alexander Gefter, Pat O’Connell, Susan Choy and Well Mackey Jr. on corporate matters, Eileen Marshall, Timothy Shapiro and Calvin Lee on tax matters, and Austin Holt and Mark Cornillez-Ty on compensation and benefits matters.

Cooley previously advised Heliogen on its de-SPAC (special purpose acquisition company) business combination in 2021, as well as on shareholder activist and takeover defense matters, including Heliogen’s response to an unsolicited public takeover proposal from Continuum Renewables and its adoption of a shareholder rights plan.

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