Will this be available on freetrade when it launches?
Buy tortoise acquisition!
This shell company is going to do reverse merger.
Thanks, how do you know this?
Hyliion will be merging with Tortoise Acquisition Corp. (NYSE: SHLL) and the newly combined company will remain on the New York Stock Exchange under the new ticker symbol (“HYLN”).
Pro forma implied market capitalization of the combined company over $1.5 billion.
Transaction includes an upsized $325 million fully committed PIPE.
Proceeds will be used to fully fund the commercialization and mass production of the company’s electrified powertrain solutions.
Great, thank you!
Is it time to get back into Hyliion?
Up 30% today
Is their market cap of $3 billion justified? Personally, I don’t think so at least at this point in time.
May be if they manage to get more orders and roll out their hybrid model later this year.
Earnings report is out on 23rd Feb (it’s early and that’s off the top of my head so could be a day or 2 out)
I recon it will keep running off the back of the battery news up to earning.
But hey, what do I know…
about to rocket soon…
Would love to see it? What makes you say so if you don’t mind?