SPACs

SPAC voters approve merger with Hyliion

It took less than 15 minutes Monday for Hyliion Inc. to graduate from struggling startup to a fully funded maker of zero-emissions electric drivelines for the trucking industry listed on the New York Stock Exchange.

The process also made 28-year-old founder Thomas Healy one of the county’s youngest billionaires, worth more than $1.5 billion based on intraday trading of Tortoise Acquisition (NYSE: SHLL), which will change to the ticker HYLN in a few days.

https://www.freightwaves.com/news/spac-voters-approve-merger-with-hyliion

Fast track to public listings dealt a blow amid Nikola fallout

Nikola headquarters

The ongoing fallout over Nikola Corp. (NASDAQ: NKLA) may create some concern about the willingness of investors to pour money into special purpose acquisition companies (SPACs) and weigh further on what has been a down year for initial public offerings (IPOs).

The Phoenix-based designer and maker of battery- and hydrogen-electric vehicles and components finds itself in a tough position shortly after going public in June. The concern stems from a short seller report questioning the validity of...

https://s29755.pcdn.co/news/fast-track-to-public-listings-takes-a-blow

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