hyliion ticker
Hyliion’s technology tackles one of the biggest pain-points for the logistics and transportation industry: how to lower emissions without having to fully replace all existing assets and infrastructure – a move that is cost-prohibitive for many companies. Market Insider is a business news aggregator for traders and investors that proposes to you the latest financial markets news, top stories headlines and trading analysis on stock market, currencies (Forex), cryptocurrency, commodities futures, ETFs & funds, bonds & rates and much more. Headquartered in Austin, Texas, Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of commercial transportation Class 8 vehicles by being the leading provider of electrified powertrain solutions. Manufacturer of hybrid systems designed to turn semi-tractors into intelligent electric hybrid vehicles. In the last month it ran up from 26 to 55 and backed off to 42 yesterday. Click Here for Hyliion Investor Presentation, AUSTIN, Texas & LEAWOOD, Kan.–(BUSINESS WIRE)–Hyliion Inc., a leader in electrified powertrain solutions for Class 8 commercial vehicles, announced today it intends to merge with Tortoise Acquisition Corp. (NYSE: SHLL), a publicly traded special purpose acquisition company with a strategic focus on the energy sector and decarbonizing commercial transportation in North America. If this still isnt enough check my profile history. Stock analysis for Hyliion Holdings Corp (SHLL) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Upon the closing of the transaction, the combined entity will be named Hyliion Holdings Corp. and remain on the New York Stock Exchange (NYSE) under the new ticker symbol “HYLN.” The merger will drive Hyliion’s corporate expansion and further the development and commercialization of its powertrain solutions, with the support of the company’s robust network of industry partners. A Thought Experiment. © 2020 PitchBook Data. The shareholder vote on Monday 28th of September will formalise the proposal for SHLL to merge with Hyliion under a new ticker (NYSE: HYLN). Tortoise Acquisition Corp. and its directors and officers may be deemed participants in the solicitation of proxies of Tortoise Acquisition Corp.’s shareholders in connection with the proposed business combination. SHLL is a Special Purpose Acquisition Company (SPAC) that’s sole objective is to merge or acquire another company after raising capital at its IPO. Hyliion produces electrified powertrain systems that can augment or fully replace traditional diesel- or natural gas-fueled powertrains. Copies may be obtained free of charge at the SEC’s web site at www.sec.gov. The following company has records linked to the trading symbol SHLL: SHELLS SEAFOOD RESTAURANTS INC; Hyliion Holdings Corp. is registered with the U.S. Security and Exchange Commission and incorporated in the state of Delaware. Personalize which data points you want to see and create visualizations instantly. Today it climbed back over 44. Founded in 2015, Hyliion has established itself as an industry leader in Class 8 truck electrification with its hybrid and fully electric powertrain solutions capable of achieving a net carbon negative footprint. The company expects to have $344 million in sales in 2022, rising to $2.1 billion in 2024. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Press question mark to learn the rest of the keyboard shortcuts Hyliion the real ev truck company gets their ticker this week : stocks There has been a lot of anticipation of this since they announced it back in june when they shot from 10 to 20 then to 30 and back to 20s for a few … Press J to jump to the feed. To listen to the prepared remarks via telephone dial 877-407-9210 (U.S.) and an operator will assist you. The deal implies an enterprise value of about $1.1 billion for Hyliion. is serving as legal advisor to Tortoise Acquisition Corp. Hyliion and Tortoise Acquisition Corp. will host a joint investor conference call to discuss the proposed transaction today, Friday, June 19, 2020 at 8:30 am ET. Save my name, email, and website in this browser for the next time I comment. Can Capricor’s Stem Cells Help With Covid-19? Manufacturer of hybrid systems designed to turn semi-tractors into intelligent electric hybrid vehicles. If this still isnt enough check my profile history. These funds will be used to accelerate product commercialization, product production, operational growth and for general corporate purposes. Market Insider works with public RSS feeds of best business news websites, personal blogs and provides automatically generated list of financial news links directly referring to its sources. Great article post.Really thank you! Update Expected Soon. Get the full list », You’re viewing 5 of 8 board members. The warrants give the holder the option to pay the company $11.50 for 1 share of Hyliion stock. Biotechs, microcaps, and special situations. Once the transaction has closed—expected in Q3 2020 —t he ticker symbol will change from SHLL to HYLN. Hyliion Holdings Corp produces electrified powertrain systems for commercial vehicles. Remember what nikola did after the ticker changed? For more information, visit www.hyliion.com. He is joined by Hyliion’s executive team: Patrick Sexton, CTO, Greg Van de Vere, CFO, and Michael Camp, COO. Duis aute i, You’re viewing 5 of 24 competitors. The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. Barclays Capital Inc. served as exclusive M&A advisor to Tortoise Acquisition Corp. Barclays Capital Inc. and Goldman Sachs & Co. LLC served as joint-placement agents on the PIPE offering. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Tortoise Acquisition Corp’s executive officers and directors in the solicitation by reading Tortoise Acquisition’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and the proxy statement and other relevant materials filed with the SEC in connection with the business combination when they become available. Rather than sell a new system, these companies can retrofit Hyliion’s technology to their vehicles. The pro forma implied market capitalization of the combined company is over $1.5 billion, at the $10.00 per share PIPE subscription price and assuming no public shareholders of Tortoise Acquisition Corp. exercise their redemption rights. Hyliion, founded a few years ago by Thomas Healy, is creating electric and hybrid powertrains for heavy trucks. For speculators who want max leverage, warrants on Hyliion’s stock are also available (ticker: $SHLL/WS). Can it close the gap? Information concerning the interests of Tortoise Acquisition’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement relating to the business combination when it becomes available. Tortoise Acquisition Corp. and Hyliion caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of either Tortoise Acquisition Corp. or Hyliion. The FCEV truck is the one most anticipated by customers and has over $10 billion in pre-orders. The author is not receiving compensation for this article. For more information in regards to voting click here. Nikola Motor $NKLA may be the hottest stock in the entire market right now. Neither Nikoka nor Hyliion has much revenue in 2020, but they are projecting high revenue growth over the next few years. This is not a pump and dump like nikola. Tortoise Acquisition Corp. (NYSE: SHLL) is a special purpose acquisition company formed for the purpose of effecting a merger, stock exchange, acquisition, reorganization or similar business combination with one or more businesses. EXPLORE THE FULLY ELECTRIC HYPERTRUCK ERX. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. Nikola has 2 truck types, a battery-electric vehicle (BEV) for regional hauls (300 miles or less) and a fuel-cell electric vehicle (FCEV) for long hauls (500 miles or greater). Should one or more of the risks or uncertainties described in this press release, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Hyliion General Information Description. EXPLORE THE FULLY ELECTRIC HYPERTRUCK ERX When comparing long-range class 8 trucks, it looks like Hyliion will beat Nikola by 2 years, as the Hyliion Hypertruck is set to debut in 2021 compared to Nikola’s FCEV truck in 2023. rumors, catalysts, and upcoming speculation, Nikola’s April 2020 Investor Presentation, Cyclerion Investors Excited About Upcoming CNS (Central Nervous System) Drug Unveil, Can Beyond Air Save Covid-19 Patients? FMCI (Tattooed Chef) Warrants Will Gain 1000%. “Hyliion’s solutions were specifically developed to utilize existing infrastructure in an effort to support rapid technology deployment. The author has no business relationship with any company whose stock is mentioned in this article. Its systems are designed to improve performance and lower total cost of ownership while leveraging the existing alternative fuel infrastructure. Tortoise’s expertise spans across the entire energy and infrastructure value chain. Get the full list », You’re viewing 4 of 6 executive team members. The following company has records linked to the trading symbol SHLL: SHELLS SEAFOOD … With California’s new laws im heavily invested in both this and another ev delivery truck stock since I believe government funding is going to lead to electric usps trucks and they are going to explode even more. The merger will drive Hyliion’s corporate expansion and further the development and commercialization of its powertrain solutions, with the support of the company’s robust network of industry partners. PitchBook is a financial technology company that provides data on the capital markets. Healy will continue as CEO of the combined company, overseeing the implementation of Hyliion’s corporate strategy. Nikola expects to make $3.2 billion in revenue in 2024, therefore Nikola is trading around 7.5x 2024 revenues. SHLL has reminded its shareholders to vote on this proposal, no matter how many shares they hold. Our strategy has been to combine with a company to take advantage of the global opportunities created by the energy transition including clean energy generation and storage, alternative fuels and transportation, technological advances and changes in energy policies. Terms & Conditions. The fuel powers a generator which stores energy in a battery that powers the motor. Lower fuel and operating costs reduces total cost of ownership. We are honored that they made us a part of their team and are looking forward to helping them deploy their sustainable, electrified trucking solutions to significantly reduce emissions and contribute to a cleaner energy future.”. It may not blow up monday but give it a week.

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