Continuum renewables, inc. proposes to purchase heliogen, inc. for $0.40 per share

Pasadena, calif.--(business wire)--continuum renewables, inc. (continuum renewables) today announced its intention to acquire heliogen, inc. [nyse: hlgn] for $0.40 per share of common stock in a non-binding proposal submitted to the board of directors of the company. heliogen is a renewable energy company that specializes in concentrated solar power systems. the acquisition would allow continuum renewables to expand its renewable energy products and accelerate its growth strategy.
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