# EDGAR Filing Document

**Accession Number:** 0001840292
**File Stem:** 0001213900-23-010299
**Filing Date:** 2023-2
**Character Count:** 21631
**Document Hash:** a766254e76417a69b74cb7a9aff4e593
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-010299.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001213900-23-010299

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**EFFECTIVENESS DATE**: 20230210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Heliogen, Inc.
- **CENTRAL INDEX KEY:** 0001840292
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **IRS NUMBER:** 854204953
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-269694
- **FILM NUMBER:** 23612105

**BUSINESS ADDRESS:**
- **STREET 1:** 130 W UNION ST.
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91103
- **BUSINESS PHONE:** 9709240446

**MAIL ADDRESS:**
- **STREET 1:** 130 W UNION ST.
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Athena Technology Acquisition Corp.
- **DATE OF NAME CHANGE:** 20210112

**As filed with the Securities and Exchange Commission on February 10, 2023**

**Registration No. 333-** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM S-8**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

**HELIOGEN, INC.** 

**(Exact name of registrant as specified in its charter)** 

---

| | |
|:---|:---|
| **Delaware** | **84-4204953** |
| (State or other jurisdiction <br> of incorporation) | (I.R.S. Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **130 W Union St.**<br>**Pasadena, CA** | **91103** |
| (Address of principal executive offices) | (Zip Code) |

---

**Heliogen, Inc. 2021 Equity Incentive Plan**

**Heliogen, Inc. 2021 Employee Stock Purchase Plan**

(Full title of the plans)

**Debbie Chen**

**General Counsel**

**Heliogen, Inc.**

**130 West Union Street**

**Pasadena, California 91103**

**Tel: 626-720-4530**

(Name, address, including zip code, and telephone number, including area code, of agent for service)

*Copies to:*

**John-Paul Motley**

**Dave Young**

**Cooley LLP** 

**3 Embarcadero Center, 20th Floor** 

**San Francisco, California 94111** 

**Tel: (415) 693-2000**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**Explanatory Note**

Heliogen, Inc. (the "Registrant") is filing this registration statement on Form S-8 (the "Registration Statement") with the Securities and Exchange Commission (the "SEC") to register the offering of an additional 9,646,223 shares of Common Stock, par value $0.0001 per share ("Common Stock"), of the Registrant. The 9,646,223 shares of Common Stock being registered herein include (i) 7,716,978 shares of Common Stock issuable pursuant to the Heliogen, Inc. 2021 Equity Incentive Plan (the "2021 EIP") and (ii) 1,929,245 shares of Common Stock issuable pursuant to the Heliogen, Inc. 2021 Employee Stock Purchase Plan (the "2021 ESPP"). These additional shares of Common Stock are securities of the same class as other securities for which an original registration statement on Form S-8 (File No. 333-263346) was filed with the Commission on March 7, 2022 (the "Prior Registration Statement"). Accordingly, the contents of the Prior Registration Statement are incorporated by reference into this Registration Statement pursuant to General Instruction E of Form S-8. These additional shares of Class A Common Stock have become reserved for issuance as a result of the operation of the "evergreen" provisions in each of the 2021 EIP and 2021 ESPP, which provide that the total number of shares subject to such plan may be increased each year pursuant to a specified formula.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3. Incorporation of Documents by Reference.**

The following documents, which have been filed with the Commission, are incorporated by reference into this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Company's Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on [March 31, 2022](http://www.sec.gov/Archives/edgar/data/1840292/000162828022008070/hlg-20211231.htm) , as amended on [May 23, 2022](http://www.sec.gov/Archives/edgar/data/1840292/000121390022028674/f10k2021a1_heliogeninc.htm) ;

(ii) the information specifically incorporated by reference into our Annual Report on Form 10-K for the year ended December 31, 2021 from our Definitive Proxy Statement on [Schedule 14A](http://www.sec.gov/Archives/edgar/data/1840292/000121390022031583/def14a0622_heliogen.htm) , filed with the SEC on June 7, 2022;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Company's Quarterly Reports on Form 10-Q for the quarter ended March 31, 2022, filed with the SEC on [May 23, 2022](http://www.sec.gov/Archives/edgar/data/1840292/000184029222000013/hlg-20220331.htm) , for the quarter ended June 30, 2022, filed with the SEC on [August 12, 2022](http://www.sec.gov/Archives/edgar/data/1840292/000184029222000024/hlg-20220630.htm) , and for the quarter ended September 30, 2022, filed with the SEC on [November 8, 2022](http://www.sec.gov/Archives/edgar/data/1840292/000184029222000040/hlg-20220930.htm) ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Company's Current Reports on
 Form 8-K filed with the SEC on [January 6, 2022](http://www.sec.gov/Archives/edgar/data/1840292/000121390022000981/ea153385-8k_heliogeninc.htm) , [May 17, 2022](http://www.sec.gov/Archives/edgar/data/1840292/000121390022027357/ea160044-8k_heliogen.htm) , [June 6, 2022](http://www.sec.gov/Archives/edgar/data/1840292/000121390022031373/ea161179-8k_heliogen.htm) , [July 21, 2022](http://www.sec.gov/Archives/edgar/data/1840292/000121390022040729/ea163116-8k_heliogen.htm) , [August 17, 2022](http://www.sec.gov/Archives/edgar/data/1840292/000121390022049022/ea164616-8k_heliogen.htm) , [September 14, 2022](http://www.sec.gov/Archives/edgar/data/1840292/000184029222000030/hlg-20220912.htm) , [December 28, 2022](http://www.sec.gov/Archives/edgar/data/1840292/000121390022083037/ea170901-8k_heliogen.htm) and [February 6, 2023](http://www.sec.gov/Archives/edgar/data/1840292/000121390023008484/ea172782-8k_heliogen.htm) ; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the description of securities contained in [Exhibit 4.4](http://www.sec.gov/Archives/edgar/data/1840292/000162828022008070/ex44descriptionofregistran.htm) to the Company's Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC on [March 31, 2022](http://www.sec.gov/Archives/edgar/data/1840292/000162828022008070/hlg-20211231.htm) (as amended on [May 23, 2022](http://www.sec.gov/Archives/edgar/data/1840292/000121390022028674/f10k2021a1_heliogeninc.htm)), together with any amendment or report filed with the SEC for the purpose of updating such description .

In addition, all documents filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Securities Exchange Act of 1934, as amended (other than Current Reports on Form 8-K furnished pursuant to Item 2.02 or Item 7.01 of Form 8-K, including any exhibits included with such information that are related to such items), after the date of this registration statement and prior to the filing of a post-effective amendment that indicates that all securities offered hereby have been sold or that deregisters all securities then remaining unsold shall be deemed to be incorporated by reference herein and to be a part of this Registration Statement from the date of filing of such documents; *provided, however*, that documents or information deemed to have been furnished and not filed in accordance with the rules of the Commission shall not be deemed incorporated by reference into this Registration Statement.

Any statement contained in the documents incorporated or deemed to be incorporated by reference in this Registration Statement shall be deemed to be modified, superseded, or replaced for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference in this Registration Statement modifies, supersedes, or replaces such statement. Any such statement so modified, superseded or replaced shall not be deemed, except as so modified, superseded or replaced, to constitute a part of this Registration Statement.

**Item 8. Exhibits.** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** |
| <br>**Exhibit<br> Number** | <br>**Description** | **Schedule/**<br> **Form** | **File No.** | **Exhibit** | **Filing Date** |
| 3.1 | [Second Amended and Restated Certificate of Incorporation of Heliogen, Inc.](http://www.sec.gov/Archives/edgar/data/1840292/000121390022000981/ea153385ex3-1_heliogeninc.htm) | Form 8-K | 001-40209 | 3.1 | January 6, 2022 |
| 3.2 | [Amended and Restated Bylaws of Heliogen, Inc.](http://www.sec.gov/Archives/edgar/data/1840292/000184029222000040/ex32secondamendmentandrest.htm) | Form 10-Q | 001-40209 | 3.2 | November 8, 2022 |
| 4.1 | [Specimen Common Stock Certificate.](http://www.sec.gov/Archives/edgar/data/1840292/000121390022000981/ea153385ex4-1_heliogeninc.htm) | Form 8-K | 007-40209 | 4.1 | January 6, 2022 |
| 5.1\* | [Opinion of Cooley LLP.](ea173004ex5-1_heliogeninc.htm) |  |  |  |  |
| 23.1\* | [Consent of BDO USA LLP, independent registered public accounting firm.](ea173004ex23-1_heliogeninc.htm) |  |  |  |  |
| 23.2\* | [Consent of Cooley LLP (contained in the opinion filed as Exhibit 5.1 hereto).](ea173004ex5-1_heliogeninc.htm) |  |  |  |  |
| 24.1\* | [Power of Attorney (included in the signature page of this Registration Statement).](#a_001) |  |  |  |  |
| 99.1 | [2021 Equity Incentive Plan.](http://www.sec.gov/Archives/edgar/data/1840292/000121390022000981/ea153385ex10-8_heliogeninc.htm) | Form 8-K | 001-40209 | 10.8 | January 6, 2022 |
| 99.2 | [Form of Stock Option Grant Package under 2021 Equity Incentive Plan.](http://www.sec.gov/Archives/edgar/data/1840292/000121390022000981/ea153385ex10-10_heliogeninc.htm) | Form 8-K | 001-40209 | 10.10 | January 6, 2022 |
| 99.3 | [Form of RSU Grant Package under 2021 Equity Incentive Plan.](http://www.sec.gov/Archives/edgar/data/1840292/000121390022000981/ea153385ex10-11_heliogeninc.htm) | Form 8-K | 001-40209 | 10.11 | January 6, 2022 |
| 99.4 | [2021 Employee Stock Purchase Plan.](http://www.sec.gov/Archives/edgar/data/1840292/000121390022000981/ea153385ex10-9_heliogeninc.htm) | Form 8-K | 001-40209 | 10.9 | January 6, 2022 |
| 107\* | [Filing Fee Table](ea173004ex-fee_heliogeninc.htm) |  |  |  |  |

---

\* Filed herewith.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Pasadena, State of California, on this 10th day of February, 2023.

---

| | |
|:---|:---|
| **HELIOGEN, INC.** | **HELIOGEN, INC.** |
| By: | /s/ Christiana Obiaya |
|  | Christiana Obiaya |
|  | Chief Executive Officer |

---

**POWER OF ATTORNEY**

**KNOW ALL BY THESE PRESENTS**, that each person whose signature appears below hereby constitutes and appoints Christiana Obiaya and Kelly Rosser, and each of them, as his or her true and lawful agents, proxies and attorneys-in-fact, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this Registration Statement (including post-effective amendments), and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Christiana Obiaya | Chief Executive Officer, Director | February 10, 2023 |
| Christiana Obiaya | (Principal Executive Officer) |  |
| /s/ Kelly Rosser | Interim Chief Financial Officer | February 10, 2023 |
| Kelly Rosser | (Principal Financial and Accounting Officer) |  |
| /s/ Phyllis W. Newhouse | Director | February 10, 2023 |
| Phyllis W. Newhouse |  |  |
| /s/ Robert Kavner | Director | February 10, 2023 |
| Robert Kavner |  |  |
| /s/ Julie M. Kane | Director | February 10, 2023 |
| Julie M. Kane |  |  |
| /s/ Barbara Burger | Director | February 10, 2023 |
| Barbara Burger |  |  |
| /s/ Stacey Abrams | Director | February 10, 2023 |
| Stacey Abrams |  |  |
| /s/ Suntharesan Padmanathan | Director | February 10, 2023 |
| Suntharesan Padmanathan |  |  |

---

## Exhibit 5.1

**Exhibit 5.1**

![](ex5-1_001.jpg)

John-Paul Motley

+1 213 561 3204

jpmotley@cooley.com

February 10, 2023

Heliogen, Inc.

130 W Union St.

Pasadena, CA 91103

**Re: Heliogen, Inc. – Registration Statement on Form S-8**

Ladies and Gentlemen:

We have acted as counsel to Heliogen, Inc., a Delaware corporation (the "***Company***"), in connection with the filing of a Registration Statement on Form S-8 (the "***Registration Statement***") with the Securities and Exchange Commission (the "***Commission***") covering the offering of up to 9,646,223 shares (the "***Shares***") of the Company's common stock, par value $0.0001 per share ("***Common Stock***"), consisting of (a) 7,716,978 shares of Common Stock issuable pursuant to the Company's 2021 Equity Incentive Plan (the "***2021 Plan***") and (b) 1,929,245 shares of Common Stock issuable pursuant to the Company's 2021 Employee Stock Purchase Plan (together with the 2021 Plan, the "***Plans***").

In connection with this opinion, we have examined and relied upon (a) the Registration Statement and related prospectuses, (b) the Company's certificate of incorporation and bylaws, each as currently in effect, (c) the Plans, and (d) originals or copies certified to our satisfaction of such records, documents, certificates, memoranda and other instruments as in our judgment are necessary or appropriate to enable us to render the opinion expressed below. We have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to originals of all documents submitted to us as copies, the accuracy, completeness and authenticity of certificates of public officials and the due authorization, execution and delivery of all documents by all persons other than the Company where authorization, execution and delivery are prerequisites to the effectiveness thereof. As to certain factual matters, we have relied upon a certificate of an officer of the Company and have not independently verified such matters.

Our opinion is expressed only with respect to the General Corporation Law of the State of Delaware. We express no opinion to the extent that any other laws are applicable to the subject matter hereof and express no opinion and provide no assurance as to compliance with any federal or state securities law, rule or regulation.

On the basis of the foregoing, and in reliance thereon, we are of the opinion that the Shares, when sold and issued in accordance with the Plans, the Registration Statement and related prospectuses, will be validly issued, fully paid, and nonassessable (except as to shares issued pursuant to certain deferred payment arrangements, which will be fully paid and nonassessable when such deferred payments are made in full).

We consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended, or the rules and regulations of the .

---

| | |
|:---|:---|
| Sincerely, | Sincerely, |
| Cooley LLP | Cooley LLP |
| By: | /s/ John-Paul Motley |
|  | John-Paul Motley |

---

Cooley LLP 355 South Grand Avenue, Suite 900 Los Angeles, CA 90071<br> t: (213) 561-3250 f: (310) 883-6500 cooley.com

## Exhibit 23.1

**Exhibit 23.1**

<u>Consent of Independent Registered Public Accounting Firm</u>

Heliogen, Inc.

Pasadena, California

We hereby consent to the incorporation by reference in this Registration Statement of our report dated March 31, 2022, except for the effects of the restatement discussed in Note 3, Government Grant paragraph in Note 2, grant revenue presented in Note 4, Income Taxes in Note 9 and Net Loss per Share in Note 11, which is dated May 23, 2022, relating to the consolidated financial statements of Heliogen, Inc. (the "Company") which appears in the Company's Annual Report on Form 10-K for the year ended December 31, 2021.

/s/ BDO USA, LLP

BDO USA, LLP

Los Angeles, California

February 10, 2023

BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms.

BDO is the brand name for the BDO network and for each of the BDO Member Firms.

## Ex-Filing

**Exhibit 107**

**CALCULATION OF FILING FEE TABLE**

<u>Form S-8</u>

(Form Type)

<u>Heliogen, Inc.</u>

(Exact name of Registrant as Specified in its Charter)

Table 1: Newly Registered Securities

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Type** | **Title of Each Class of**<br> **Securities to be Registered** | **Fee Calculation Rule** | **Amount**<br> **to be**<br> **Registered<sup>(1)</sup>** | **Proposed**<br> **Maximum**<br> **Offering<br> Price**<br> **Per Share<sup>(2)</sup>** | **Proposed**<br> **Maximum**<br> **Aggregate**<br> **Offering<br> Price** | **Fee Rate** | **Amount of**<br> **Registration<br> Fee<sup>(5)</sup>** |
| Equity | &nbsp;&nbsp;**Heliogen, Inc. 2021 Equity Incentive Plan**<br> Common Stock, $0.0001 par value per share | Rule 457(c) and (h) | 7716978<sup>(3)</sup> | $0.61 | $4707357 | 0.00011020 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519 |
| Equity | &nbsp;&nbsp;**Heliogen, Inc. 2021 Employee Stock Purchase Plan**<br> Common Stock, $0.0001 par value per share | Rule 457(c) and (h) | 1929245<sup>(4)</sup> | $0.61 | $1176840 | 0.00011020 | $130 |
|  | **TOTAL:** |  | **9646223** |  | $**5884197** |  | $**649** |

---

(1) Pursuant to Rule 416 under the Securities Act of 1933, as
amended (the "  ***Securities Act*** "), this Registration Statement shall also cover any additional shares of common
stock, $0.0001 par value per share ("  ***Common Stock*** "), of Heliogen, Inc. (the "  ***Registrant***") that
become issuable under the Heliogen, Inc. 2021 Equity Incentive Plan (the "  ***2021 Plan***") and under the Heliogen,
Inc. 2021 Employee Stock Purchase Plan (the "  ***2021 ESPP***") by reason of any stock dividend, stock split,
recapitalization or any other similar transaction which results in an increase in the number of shares of the Registrant's outstanding Common
Stock.

(2) Estimated solely for purposes of calculating the registration
fee in accordance with Rule 457(c) and (h) of the Securities Act based on a per share price of $0.61, the average of the high and low
price of the Common Stock on February 7, 2023, as reported on The New York Stock Exchange, which date is within five business
days prior to the filing of this Registration Statement.

(3) Represents shares of Common Stock that were added to the
shares authorized for issuance under the 2021 Plan on January 1, 2023, pursuant to an "evergreen" provision contained in
the 2021 Plan.

(4) Represents shares of Common Stock that were added to the
shares authorized for issuance under the 2021 ESPP on January 1, 2023, pursuant to an "evergreen" provision contained in
the 2021 ESPP.

(5) Calculated pursuant to Rule 457 of the Securities Act by
calculating the product of (i) the proposed maximum aggregate offering price and (ii) 0.00011020.