May. 29 at 5:07 PM
$HLGN I'll just put it out here. It seems like it doesn't matter what price
$ZEO goes to, HLGN shareholders still get the same amount of shares. Therefore, HLGN stock should be up the same amount as ZEO, fundamentally-wise. From the 8-K today:
but excluding shares underlying SPAC Warrants (as defined below)) (the “Fully-Diluted Shares,” which as of May 16, 2025 was equal to 6,616,949), by (ii)
$1.5859 (the “Parent Stock Price”); and the “Total Merger Consideration” is
$10.0 million, less (x) 50% of any amount by which Heliogen’s Net Cash at the closing of the First Merger (the “Closing”) is less than
$13.0 million (the “Net Cash Collar Floor”), or plus (y) 50% of any amount by which Heliogen’s Net Cash at the Closing is more than
$16.0 million (the “Net Cash Collar Ceiling”)
