SHLL), a SPAC that’s trading more than 400% higher on the year, is set to merge later this month with Hyliion.
filed for a shareholder meeting to be held at 9:30 am on Sept. 28.” data-reactid=”20″>What Happened: Tortoise Acquisition filed for a shareholder meeting to be held at 9:30 am on Sept. 28.
Shareholders will vote on whether to approve the merger with Hyliion, a company that designs hybrid suspensions and powertrain solutions for Class 8 trucks.
NKLA) and Tesla Inc (NASDAQ: TSLA) in the Class 8 heavy duty truck market.
using existing renewable natural gas to help power its trucks versus the electric batteries and hydrogen employed by its rivals. Benzinga interviewed Hyliion CEO Thomas Healy earlier this year.” data-reactid=”27″>Hyliion is using existing renewable natural gas to help power its trucks versus the electric batteries and hydrogen employed by its rivals. Benzinga interviewed Hyliion CEO Thomas Healy earlier this year.
Rival Nikola went public via a SPAC and saw strong price movement after the merger was approved June 3. Nikola shares hit a high of $93.99 this year and now trade at $46.72, with a market capitalization of $19 billion.
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