Hyliion takes reverse merger path to public trading

Hyliion hybrid tractor

Hyliion Inc., a startup maker of diesel-electric truck components, expects to begin publicly trading its stock around the end of the third quarter following a merger with a “blank check” company created specifically to find a marriage partner with high-growth potential.

The path is practically identical to one followed by startup electric truck manufacturer Nikola Corp., which went public on June 4. 

Tortoise Acquisition Corp. (NYSE: SHLL) was formed 15 months ago as a special purpose acquisition...

https://s29755.pcdn.co/news/hyliion-takes-reverse-merger-path-to-public-trading

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