Hyliion Holdings Corp (HYLN)

[uksausage]

not bad news, nor good news just reporting progress in the Delaware courts, hearing March 6th

As previously disclosed on its Form 8-K filed February 14, 2023, on February 13, 2023, Hyliion Holdings Corp. (the “Company” or “Hyliion”) filed a petition (the “Petition”) in the Delaware Court of Chancery (the “Court of Chancery”) pursuant to Section 205 of the Delaware General Corporation Law (“DGCL”). The Petition seeks validation of an amendment to the Company’s certificate of incorporation increasing the authorized common stock of the Company and validation of the Company’s restated certificate of incorporation, which gave effect to that amendment and certain other approved amendments, and also reclassified the Company’s Class A common stock into “common stock”, all in connection with the Company’s (then operating under the name Tortoise Acquisition Corp.) business combination with Hyliion Inc. that closed on October 1, 2020. A copy of the Petition is available at www.hyliion.com under Investors, Events & Presentations. Concurrently with the Petition, the Company filed a motion to expedite the hearing on the Petition.
On February 14, 2023, the Court of Chancery granted the motion to expedite and set a hearing date on the Petition of March 6, 2023 at 10:00 a.m. Eastern Time at the Leonard L. Williams Justice Center, 500 N. King Street, Wilmington, Delaware 19801.