A Heliogen Inc. stockholder relinquished a lawsuit alleging the sales process and fiscal projections weren’t properly fleshed out in paperwork for its now-closed sale to Zeo Energy Corp.
- Stockholder Mario Johnson voluntarily dropped the challenge Wednesday in the US District Court for the Central District of California after seeking to at least delay the deal
- The share consideration was valued at about $10 million when it was announced in May
Brodsky Smith represents Johnson. Attorneys didn’t immediately respond to an email seeking comment. Neither did spokespeople for Heliogen and Zeo. Nor did Heliogen’s legal counsel for the deal, Cooley LLP. ...
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