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  "documentTitle": "Heliogen | SPAC Presentation Deck | 27 slides",
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  "authorName": "Heliogen",
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  "presentationDate": "2021-07-01 00:00:00",
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      "text": "Total Proceeds (3)\nThe transaction will be funded by a combination of Athena cash in trust, newly issued shares of Heliogen common stock, and proceeds from a PIPE\nTransaction expected to result in ~$415 million of total proceeds raised to fund growth, comprised of ~$250mm cash in trust and ~$165mm of PIPE proceeds (2)",
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      "text": "Valuation (1)\nTransaction implied a pro forma Enterprise Value (\"EV\") of approximately $2.0 billion, EV / Revenue of ~0.8x based on 2026E revenue\nHeliogen shareholders will rollover 100% of their equity and own $1.85 billion shares, or ~78.3% of the pro forma equity; ATHN public shareholders will own ~10.6%; PIPE investors will own ~7.0%; and the ATHN founders will own ~4.1% (2)",
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      "text": "Transaction Structure\nHeliogen and Athena Technology Acquisition Corp (\"ATHN\") would enter into a business combination structured as a reverse merger with Heliogen becoming a wholly-owned subsidiary of ATHN\nThe transaction is expected to close in 4Q 2021\nIt is anticipated that the post closing company, Heliogen, will be listed on NYSE with ticker symbol \"HLGN\"",
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      "text": "$2.0bn",
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      "text": "1. Assumes $0 million of net debt and cash in excess of net working capital requirements due to Company financials, assumes no redemptions and assumes no shares issued pursuant to the public warrants, private warrants, equity incentive plan or employee stock purchase plan.\n2. Post-closing percentage ownership assumes $165mm in aggregate PIPE investments and no redemptions. Excludes dilution from 8,566,667 as-converted shares from public warrants and private warrants, as well as equity incentive plan and employee stock purchase plans. Includes the impact of 510,000 additional class A shares that will be issued to Athena's sponsor in consideration for its waiver of anti-dilution rights under Athena's organization documents.\n3. Excludes transaction costs of $30mm.",
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      "text": "Transaction Summary",
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