Shares of Hyliion Holdings Corp. (HYLN) fell more than 9% on Friday on their first day of trading on the New York Stock Exchange. Hyliion late Thursday said it completed the merger with blank-check company Tortoise Acquisition Corp. as announced in June, paving the way for trading. The deal gave Hyliion, a maker of electric powertrains for commercial trucks, about $560 million "to drive Hyliion's continued development and the commercialization of its Hybrid and Hypertruck ERX electrified powertrain solutions," the companies said.
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
October 02, 2020 13:57 ET (17:57 GMT)
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