HYLN

Hyliion Holdings Corporation

Industrial/Transportation, Energy, SPAC


Presented:09/23/2020
Price:$44.86
Cap:$1.31B
Current Price:$2.49
Cap:$0.43B

Presented

Date09/23/2020
Price$44.86
Market Cap$1.31B
Ent Value$0.80B
P/E RatioN/A
Book Value$7.78
Div Yield0%
Shares O/S29.13M
Ave Daily Vol6,313,578
Short Int14.80%

Current

Price$2.49
Market Cap$0.43B
Hyliion Holdings Corporation is blank check company. It intends to search for a target business in energy industry. Tortoise Acquisition was founded on November 7, 2018 and is headquartered in Leawood, KS.

Please note, on 10/1/20 Tortoise Acquisition Corp (SHLL) changed its company name and ticker to Hyliion Holdings Corporation (HYLN). The content of this idea will make reference to the original company name and ticker symbol.

Publicly traded companies mentioned herein: Tortoise Acquisition Corp (SHLL), Westport Fuel Systems Inc (WPRT)

Highlights

The presenter is short SHLL due to its capital structure (SPAC) and his view that the target (Hyliion) will not be able to reach its financial targets. In the case of SHLL and some other SPACs, stock supply can be presented to the market at a larger and faster scale than a traditional IPO. He expects a substantial selloff driven by this influx of shares and heavy ownership among unsophisticated retail investors.

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Idea Discussion

Commentor 1 - 2 weeks ago

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