Athena Technology, Heliogen Gain Further Approval for Business Merger

Athena Technology Acquisition Corp. stockholders, a publicly traded special-purpose acquisition company, have approved the previously announced business merger with Heliogen Inc.

Renewable energy technology company Heliogen’s AI-enabled, modular concentrated solar technology aims to deliver near 24/7 carbon-free energy in the form of heat, power or green hydrogen fuel at scale. Idealab, a technology incubator founded in 1996 by Bill Gross, was the place where Heliogen was born.

More than 91% of votes cast at the special meetings were in favor or the approval of the business combo. ATHN plans on filing the results of the special meetings, as tabulated and analyzed by an independent inspector, on a Form 8K with the Securities and Exchange Commission tomorrow.

The business combination will close subject to certain closing conditions. Following the closing, the combined company will be renamed Heliogen Inc. and its common stock and warrants are expected to commence trading on the New York Stock Exchange under the symbols “HLGN” and “HLGNW,” respectively, on December 31, 2021.