Tortoise Acquisition rallies after Hyliion deal approved

Sep. 28, 2020 2:32 PM ETHyliion Holdings Corp. (HYLN)By: Clark Schultz, SA News Editor35 Comments
  • Shareholders at Tortoise Acquisition Corp. (SHLL +6.5%) voted to approve a business combination between TortoiseCorp and Hyliion Inc.
  • The company says it received overwhelming support from stockholders for the proposed business combination with Hyliion.
  • The transaction is expected to close on October 1.
  • "Our strategy has been to combine with a company to take advantage of the global opportunities created by the energy transition including clean energy generation and storage, alternative fuels and transportation, technological advances and changes in energy policies."
  • Source: Press Release
  • SHLL was one of the stocks singled out in this week's Seeking Alpha Catalyst Watch.

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