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Athena Technology Acquisition Corp. (ATHN) to Combine with Heliogen in $2Bn Deal

Athena Technology Acquisition Corp. (ATHN) to Combine with Heliogen in $2Bn Deal

Athena Technology (NYSE:ATHN) has entered into a definitive agreement to combine with solar energy provider Heliogen at an enterprise value of $2 billion, or 11.4x its 2023E revenue. The Pasadena, California-based company aims to launch solar power plant design that provides flat, continuous power throughout the day. The combined entity is expected to trade on
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