Additionally, on December 18, a separate transaction involving the disposition of 2,630 shares was reported, although this transfer was conducted without any monetary exchange. After this transaction, Newhouse's direct ownership decreased to 108,825 shares.The filing also disclosed an indirect holding of 7,042 shares, managed through a grantor retained annuity trust. According to InvestingPro data, Heliogen shows signs of rapid cash burn and maintains a weak overall financial health score. Subscribers can access 13 additional ProTips and comprehensive financial metrics through the platform's detailed research reports. According to InvestingPro data, Heliogen shows signs of rapid cash burn and maintains a weak overall financial health score. Subscribers can access 13 additional ProTips and comprehensive financial metrics through the platform's detailed research reports.
Additionally, on December 18, a separate transaction involving the disposition of 2,630 shares was reported, although this transfer was conducted without any monetary exchange. After this transaction, Newhouse's direct ownership decreased to 108,825 shares.
The filing also disclosed an indirect holding of 7,042 shares, managed through a grantor retained annuity trust.
In other recent news, Heliogen, Inc. has made significant strides in its business operations. The company has made technical amendments to its Rights Agreement with Continental Stock Transfer & Trust Company. The agreement, initially established in 2023 and previously amended in 2024, continues in full effect with these modifications. In parallel, Heliogen has announced the appointment of Apurba Das as its new Chief Technology Officer. Das, who joined Heliogen in 2021, will now lead the plant design, engineering of the company's concentrating solar power (CSP) technology deployments, and research and development efforts. These developments come as Heliogen focuses on addressing renewable energy intermittency issues and providing scalable clean energy solutions. These are the latest developments in the company's ongoing efforts to enhance its solar technology.
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