Hyliion Holdings Corp. Announces Transfer of Stock Listing to NYSE American
Hyliion Holdings Corp. (NYSE: HYLN) announced its decision to transfer its stock listing from the New York Stock Exchange to the NYSE American exchange. The transition will be effective after market close on November 8, 2024, with trading on NYSE American beginning November 11, 2024, under the same ticker 'HYLN'. The move aims to benefit from reduced listing fees and regulatory flexibility offered by NYSE American, allowing more resources for product commercialization and technology development. The company confirms this transition won't affect shareholders' ability to trade or transfer stock.
Hyliion Holdings Corp. (NYSE: HYLN) ha annunciato la sua decisione di trasferire la quotazione delle proprie azioni dalla Borsa di New York al mercato NYSE American. La transizione avrà effetto al termine delle contrattazioni l'8 novembre 2024, con inizio delle negoziazioni su NYSE American l'11 novembre 2024, sotto lo stesso simbolo 'HYLN'. Questa mossa mira a beneficiare di commissioni di quotazione ridotte e di una maggiore flessibilità normativa offerte da NYSE American, consentendo di avere più risorse per la commercializzazione dei prodotti e lo sviluppo tecnologico. L'azienda conferma che questa transizione non influenzerà la capacità degli azionisti di negoziare o trasferire azioni.
Hyliion Holdings Corp. (NYSE: HYLN) anunció su decisión de transferir su cotización de la Bolsa de Nueva York al intercambio NYSE American. La transición será efectiva al cierre del mercado el 8 de noviembre de 2024, comenzando las transacciones en NYSE American el 11 de noviembre de 2024, bajo el mismo símbolo 'HYLN'. Este movimiento tiene como objetivo beneficiarse de tarifas de cotización reducidas y flexibilidad regulatoria ofrecida por NYSE American, permitiendo contar con más recursos para la comercialización de productos y el desarrollo tecnológico. La empresa confirma que esta transición no afectará la capacidad de los accionistas para negociar o transferir acciones.
Hyliion Holdings Corp. (NYSE: HYLN)은 뉴욕 증권 거래소에서 NYSE American으로 주식 상장을 이전하기로 결정했다고 발표했습니다. 이 전환은 2024년 11월 8일 시장 마감 후에 시행되며, NYSE American에서의 거래는 2024년 11월 11일부터 동일한 티커 'HYLN'으로 시작됩니다. 이번 조치는 NYSE American이 제공하는 낮은 상장 수수료와 규제 유연성을 활용하여 제품 상업화 및 기술 개발에 더 많은 리소스를 확보하는 것을 목표로 합니다. 회사는 이번 전환이 주주들이 주식을 거래하거나 이전하는 능력에는 영향을 미치지 않을 것이라고 확인했습니다.
Hyliion Holdings Corp. (NYSE: HYLN) a annoncé sa décision de transférer sa cotation de la Bourse de New York vers l'échange NYSE American. La transition sera effective après la clôture du marché le 8 novembre 2024, avec le début des négociations sur NYSE American le 11 novembre 2024, sous le même symbole 'HYLN'. Ce mouvement vise à profiter de frais de cotation réduits et de la flexibilité règlementaire offerte par NYSE American, permettant ainsi d'allouer plus de ressources à la commercialisation des produits et au développement technologique. L'entreprise confirme que cette transition n'affectera pas la capacité des actionnaires à négocier ou transférer des actions.
Hyliion Holdings Corp. (NYSE: HYLN) hat beschlossen, seine Aktiennotierung von der New Yorker Börse zur NYSE American zu verlagern. Der Übergang wird nach Marktenschließung am 8. November 2024 wirksam, wobei der Handel an der NYSE American am 11. November 2024 unter dem gleichen Ticker 'HYLN' beginnt. Mit diesem Schritt soll von den reduzierten Notierungsgebühren und der regulatorischen Flexibilität profitiert werden, die die NYSE American bietet, was mehr Ressourcen für die Produktvermarktung und Technologieentwicklung bedeutet. Das Unternehmen bestätigt, dass dieser Übergang die Fähigkeit der Aktionäre, Aktien zu handeln oder zu übertragen, nicht beeinträchtigen wird.
- Cost reduction through lower listing fees on NYSE American
- Maintained trading liquidity and shareholder accessibility
- Additional resources available for product development due to cost savings
- Downgrade from NYSE to NYSE American, typically associated with smaller-cap companies
- Potential market perception concerns due to moving to a lower-tier exchange
Insights
The transfer from NYSE to NYSE American is a strategic move driven by cost considerations and reflects Hyliion's current market position. With a market cap under
While this move doesn't directly impact trading mechanics or shareholder accessibility, it typically signals a company's acknowledgment of its smaller market presence. The reduced cost structure could help extend Hyliion's runway as it works toward commercialization, though investors should note that such exchange transitions are often viewed as a defensive measure in response to financial constraints.
"We are pleased to extend our relationship within the NYSE family of exchanges by joining the NYSE American," said Thomas Healy, Founder and CEO of Hyliion. "This move aligns with our strategic goals, allowing us to access the tailored benefits offered to NYSE American-listed companies while maintaining the strength of our existing investor base.”
The proactive decision to list on NYSE American provides Hyliion with a number of advantages, including improved cost efficiency and targeted support for companies at Hyliion’s current growth stage. The NYSE American exchange offers a specialized platform that supports innovation-focused enterprises and early-stage companies with reduced listing fees and regulatory flexibility, helping Hyliion to allocate more resources toward its product commercialization and further technology development.
This transition is expected to have no material impact on shareholder ability to trade or transfer stock, ensuring continuity and liquidity for current and prospective investors.
About Hyliion
Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company’s primary focus is to provide distributed power generators that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in
Forward Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, our status as an early stage Company with a history of losses; our expectation of incurring significant expenses and continuing losses for the foreseeable future; our ability to develop key commercial relationships with suppliers and customers; our ability to retain the services of Thomas Healy, our Chief Executive Officer; the expected performance of the KARNO generator and system; the execution of the strategic shift from our powertrain business to our KARNO business, and the other risks and uncertainties described under the heading “Risk Factors” in our SEC filings including in our Annual Report (See Item 1A. Risk Factors) on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 13, 2024 for the year ended December 31, 2023. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.
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Hyliion Holdings Corp.
press@hyliion.com
Investor Relations
ir@hyliion.com
Source: Hyliion Holdings Corp.
FAQ
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