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I could see NFIN becoming similar to thus where the warrants are a great deal post merger.
Check out DPHC. Could run like SHLL potentially
Thanks. Careful with NFIN. It looks like it might drop post merger. GRAF is a winner.
Lovely day. SHLL $60 on merger date news.
SHLL does anyone know if we have to wait 10 days now before we hear anything else, since the revised PRER14A was just filed?
Scumbags with their frivolous lawsuits. Waste of Hyliion’s time and money.
Awesome glad to hear. Yeah I agree completely. I’m adding with all of my extra cash at these levels. Have 12,300 warrants now. As soon as SHLL pops to $50 I will be lightening my load a little and adding here. Feeling really good about these.
Don’t know if you are still here but I am up to 10,250 warrants now. Prob still add when the price is right. Added 1,000 today at $0.526
I no talk, I only act on YouTube.
Nice close. Hopefully we get a merger date on Monday.
$SHLL Hyliion posted 4 new jobs online within the last day.
$SHLL Hyliion was assigned a new patent today
https://patents.justia.com/assignee/hyliion-inc
$SHLL I suspect we find out the merger date on Tuesday. Going to be a nice month heading into the merger.
$SHLL when they start announcing deals they have made during the quiet period, this is going to moon hard. No doubt they are starting to make deals as 75-100 fleets were interested in Hyliion’s technology before they had even any capacity for high output production. That tells you the interest in their product is definitely there. This is going to be a homerun.
No they don’t. so assume you are currently a Hyliion shareholder. In order for the business combination to happen 2 companies must combine into one and have one equity base.
For that to happen, SHLL must buyout all the shares of existing Hyliion shareholders. To do that, it can pay cash or pay shares. In this transaction, it decides to pay shares to existing Hyliion shareholders. so if I currently hold 1460 shares in Hyliion, I will be compensated by SHLL 1000 shares.
At the end of the merger, all shareholders will hold SHLL share and the ticker will change from SHLL to HYLL.
Do SHLL shares convert to 1.46 shares of HYLN? From PRER14A
Key terms of the Business Combination Agreement include, but are not limited, to the following:
? The consideration for this transaction is expected to be settled by issuing shares of TortoiseCorp common stock based on a per share issue price of $10.00 per share and an exchange rate of approximately 1.46 shares of the Company’s Common Stock on an as converted basis for each share of Tortoise Corp (the “Exchange Ratio
They cancelled the dilution.
Awesome couple days heading into the weekend. I bet we get the merger date and merger vote date next week.
$SHLL Hyliion hired lobbyists The Vogel Group to lobby "Issues around renewable natural gas and zero emission vehicle certification"
https://projects.propublica.org/represent/lobbying/301022355
Looking good today. Announcement any day now.
Any word back from IR?
From yahoo.
I looked up the Russell requirements for minimum voting rights shares needed and it seems this offering will easily make ATCX eligible from what I can tell. They also said that $24 m of the proceeds will go to laying down debt which means $19m will be used for other purposes.
someone on yahoo loved the news. Here’s what they said.
ATCX has 5.7 million A shares outstanding prior to the issuance. This issuance NEARLY DOUBLES the number of shares outstanding. This is VERY good news. Volume picks up and institutions can get interested. Smaller institutions and mural funds can now put some money to work. ???? That will pull approximately $100m worth of A shares outstanding (assuming $9/share for example
Purposes) and helps net leverage ratio. All around great move.
They did just buy two companies and probably needed the cash and they did need to fix the share structure. I’m assuming this fixed the share structure.
Thanks. No I did not see an offering price.
What do you think? Annoying that they diluted so soon after they said they would not.
Well there is the dilution they said would not happen. 20% dilution. 6.25 million additional shares.
Market makers do manipulate stock prices. Check out this post from a former market maker.
https://www.reddit.com/r/weedstocks/comments/1xydch/market_maker_speaks_out_ways_of_a_market_maker/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
$SHLL I expect a merger announcement somewhere around next Tuesday (August 18) based on similar timeline to Nikola.
$ATCX still bullish and still looking to get to 10,000 warrants by October. Need some of my other plays to mature first. Would not mind getting up to 20,000 warrants or more if it stays cheap enough for long enough.
ATCX guidance reiterated. Acquiring company WesTest.
$SHLL how many deals Hyliion has made during this quiet period will be a big decider of how high the share price will go. I think we will have some huge order announcements after completion of the merger.
ATCX earnings today after market closes.
Expected merger date from S4.
Conduct of Business Pending the Merger
Hyliion has agreed that, prior to the Effective Time or termination of the Business Combination Agreement, subject to certain exceptions, it will conduct its business in the ordinary course of business and in a manner consistent with past practice. Hyliion has also agreed to use its reasonable best efforts to preserve substantially intact its business organization, to keep available the services of its current officers, key employees and consultants and to preserve the current relationships of Hyliion with customers, suppliers and any other person with which Hyliion has significant business relations.
In addition to the general covenants above, Hyliion has agreed that prior to the Effective Time, subject to specified exceptions, it will not, without the written consent of TortoiseCorp (which may not be unreasonably conditioned, withheld or delayed):
acquire (including, without limitation, by merger, consolidation or acquisition of stock or substantially all of the assets or any other business combination) any corporation, partnership, other business organization or any division thereof, other than the acquisition of inventory and up to $1,000,000 of fixed assets in the ordinary course of business consistent with past practice; or incur any indebtedness for borrowed money or issue any debt securities or assume, guarantee or endorse or otherwise become responsible for, the obligations of any person, or make any loans or advances, or intentionally grant any security interest in any of its assets, provided that the incurrence of up to $10,000,000 (or $30,000,000 if the Closing Date has not occurred by September 16, 2020) of indebtedness in accordance with certain limitations shall not require the consent of TortoiseCorp;
So it looks like they expect to have the merger wrapped up by September 16th.
$SHLL Short volume ratio was lower the past few days. It has been around 20% as of late and was 15-16% 3 of the past 5 days. Looks like the tide is starting to turn.
Yeah I sold for now. Happy with my gains.
ATCX Earnings Monday after market closes.
$SHLL Monday is 30 days from July when they submitted merger documents to SEC. Merger update could come any day now.
Matt Gold, Hyliion Director of Sales, said it is part of Hyliion’s plan to apply their technology to other vehicles classes. https://gofile.io/d/ucPgVo