Heliogen adopts limited duration stockholder rights plan

Pasadena, calif.--(business wire)--heliogen, inc. (“heliogen” or the “company”) (nyse: hlgn), a leading provider of ai-enabled concentrating solar energy technology, today announced that its board of directors (the “board”) has adopted a limited duration stockholder rights plan, effective immediately (the “rights plan”). the board adopted the rights plan in response to the previously disclosed unsolicited, non-binding proposal to acquire heliogen made by continuum renewables, inc.
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