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  "documentTitle": "Heliogen | SPAC Presentation Deck | 27 slides",
  "authorId": "heliogen",
  "authorName": "Heliogen",
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  "presentationDate": "2021-07-01 00:00:00",
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      "text": "Pro Forma Ownership (1)\nSPAC IPO Investors 25.0mm shares 10.6%\nPIPE Investors 16.5mm shares 7.0%\nSponsor Shares 9.8mm shares 4.1%\nHeliogen Shareholders 185.0mm shares 78.3%",
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      "text": "Key Transaction Terms (1) (2)\n$2.0bn Pro Forma Enterprise Value immediately after de-SPAC (~0.8x 2026 Revenue of ~$2.4B)\nHeliogen stockholders receive $1.85bn in shares (or 185.0mm shares) at $10.00/share (100% rollover)\nHeliogen receives $385mm cash to fund operations",
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      "text": "1. Heliogen shares subject to a 180 day lock-up period except that 50% of the shares, 25% of the shares and 25% of the shares subject to earlier release from the lock-up if closing stock price shares equals or exceeds $12.00, $13.50, and $17.00 respectively, for any 20 trading days within a 30-day trading period following the business combination. The sponsor shares are subject to an identical lock-up as the Heliogen shares. 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.\n2. Assumes $0 million of net debt and cash in excess of net working capital requirements due to Company financials and assumes no redemptions. Also excludes 8,566,667 as-converted shares from public warrants and private warrants, as well as equity incentive plan or employee stock purchase plan.",
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      "text": "Sources and Uses\n($ in millions)\nSources\nAthena Cash in Trust $250\nStock Consideration to Heliogen 1,850\nPIPE Financing 165\nTotal Sources $2,265\nUses\nStock Consideration to Heliogen $1,850\nCash Consideration to Existing Shareholders -\nCash to Balance Sheet 385\nEstimated Transaction Costs 30\nTotal Uses $2,265",
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      "text": "Athena / Heliogen Transaction Structure",
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