Hyliion Holdings Corp HYLN

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Hyliion Holdings Corp. is a developer of sustainable electricity-producing technology. The Company is focused on providing distributed power generators that can operate on various fuel sources. It is addressing the commercial space with a locally deployable generator that can offer prime power, peak shaving, and renewables matching. Its KARNO generator is a fuel-agnostic solution, enabled by additive manufacturing, that leverages a linear heat generator architecture. It is constructing the 125kW ALPHA generator, which is testing in its development facility. It is also engaged in designing a 200kW BETA generator. The Company also focuses on scaling up its generator solutions to address larger utility-scale power needs and to develop variants for household use and mobile applications, such as vehicles and marine. Additionally, the generator technology is suited to provide combined heat and power (CHP) in various stationary applications.

NYSE:HYLN - Post by User

Hyliion Holdings Corp

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Post by Iseneschalon Jan 19, 2021 3:13pm

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Post# 32328441

Treasury is all cashed up.......

News from last week or so.....

Hyliion Announces Results of Redemption of Public Warrants

2021-01-07 15:02 PT - News Release

Company Website: https://www.hyliion.com/
AUSTIN, Texas -- (Business Wire)

Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 commercial vehicles, today announced the successful exercise of the Public Warrants that expired on December 30, 2020.

Transaction Highlights:

Approximately $142 million in cash proceeds received upon exercise of Public Warrants for approximately 12.5 million shares of Common Stock
Over 98.5% of the Public Warrants exercised prior to expiration

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