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This SPAC Is Taking Electric-Truck Maker Hyliion Public

This SPAC Is Taking Electric-Truck Maker Hyliion Public

In June 2020, Hyliion Inc. announced it would become a publicly traded company through the process of merging with Tortoise Acquisition Corp. (NYSE: SHLL), a special purpose acquisition company (SPAC). Since publicly announcing the merger on June 19, shares of Tortoise Acquisition have jumped more than 20% as investors expressed excitement regarding the transformational product Hyliion has to offer.