Hyliion

At risk of ceding ground in the race to battery-electric trucks, Hyliion Holdings will launch its natural gas generator-powered hybrid powertrain with 75 miles of electric range, enough to qualify the Hypertruck ERX for zero-emission credits in California. "We saw it as a way that we can be...

Hyliion Holdings Corp (NYSE: HYLN) focuses on providing practical solutions for reducing emissions, CEO Thomas Healy said Friday on Benzinga's YouTube show "SPACs Attack." The company provides an alternative to "huge battery packs and massive recharging...

Its stock is trading in the single digits after giddy investors bid it above $50. Production is still a year away. But Hyliion Holdings CEO Thomas Healy sees reasons for optimism around the company's natural gas-electric hybrid system for Class 8 trucks. Hyliion (NYSE: HYLN) went public just...

A Forbes cover story called "How SPACS Became Wall Street Money Tree" highlights some of the negatives of the SPAC industry. Tesla Inc (NASDAQ: TSLA) CEO Elon Musk tweeted in response to the article. What Happened: The article from Forbes highlights some former SPACs like Waitr...

Shares of Hyliion Holdings Corp (NYSE: HYLN) were up sharply Wednesday after several SEC ownership filings were issued Tuesday after the market closed. Axioma Ventures Stake: A 13D filing showed that venture cap firm Axioma Ventures owns a 10.8% stake in the company. The venture cap firm...

The merger between Tortoise Acquisition Corp (NYSE: SHLL) and Hyliion was approved by shareholders earlier this week. Shares began trading as Hyliion (NYSE: HYLN) on Friday. What’s Next: Hyliion CEO Thomas Healy was interviewed on FreightWaves and he called being publicly listed “...

Special purpose acquisition companies, or SPACs, have been one of the hottest ways for companies to go public and raise money in 2020. This year has seen $42 billion raised from SPACs, more than the last five years combined.  What Happened: SEC Chairman Jay Clayton was interviewed on CNBC...

California Gov. Gavin Newsom signed an executive order Wednesday that would ban the sale of new gas-powered cars and pickup trucks in the state by 2035. About Newsom's Order: California residents would still be able to drive gas-powered cars and sell them used under Newsom's...

XL Fleet, an electrification solutions provider for Class 2-6 vehicles, is going public via a merger with SPAC Pivotal Investment Corporation II (NYSE: PIC). About XL Fleet: XL Fleet provides electrification solutions for commercial vehicles using a “proven, proprietary technology and...

The team behind the successful Tortoise Acquisition Corp (NYSE: SHLL) brought its second SPAC to the public markets Friday.  The IPO: Tortoise Acquisition Corp II (NYSE: SNPR) began trading Friday.  The company is offering 30 million shares, up from the 25 million in its initial...

Tortoise Acquisition Corp (NYSE: SHLL), a SPAC that's trading more than 400% higher on the year, is set to merge later this month with Hyliion. 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...

After its first successful specialty purpose acquisition company, Tortoise Acquisition Corp. is launching a second SPAC. Tortoise Acquisition Corp. II (NYSE: SNPR) will offer 250 million shares at a price of $10 per share, according to a Monday SEC filing.  Each share will be for one share of...

Thomas Healy, founder and CEO of Hyliion, joined Benzinga’s PreMarket Prep on Wednesday to discuss the company going public, how Hyliion’s business is different from Tesla Inc (NASDAQ: TSLA) and Nikola Corporation (NASDAQ: NKLA) and why Hyliion focuses on natural gas as its...

Talk about a V-shaped recovery.  Shares of electrification startup Nikola Corp. (NASDAQ: NKLA) experienced the bounce back this week that few still predict for the nation's economy following the COVID-19 pandemic. Storytelling, more than products and revenue, is stoking market enthusiasm for...

In the middle of a red-hot month for alternative energy companies, powertrain developer Hyliion is merging with special purpose acquisition company Tortoise Acquisition Group (NYSE: SHLL) to develop renewable natural gas as the dominant fuel source for trucking. The plan is simple: leverage...