ATHN - SPAC Athena Technology gains on report of deal to take solar power company Heliogen public

VioNettaStock/E+ via Getty Images SPAC Athena Technology (ATHN) rose 5.3% in after hours trading on a report that the firm is in talk to take the concentrated solar energy company Heliogen public. The deal is expect to value Heliogen at about $2B, according to a WSJ report, which cited the companies. Heliogen’s technology uses a field of mirrors to capture sunlight for converting into heat, electricity or clean fuels. Heliogen last month said it raised $108M in two funding rounds. Investors in Heliogen include ArcelorMittal (MT), Edison International (EIX) Prime Movers Lab, Canada-based privately held venture capital fund Ocgrow Ventures, among others. Last month, ArcelorMittal pledges $10M in Heliogen.

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SPAC Athena Technology gains on report of deal to take solar power company Heliogen public