Hyliion Holdings Corp. - HYLN STOCK NEWS

Hyliion Holdings Corp (NYSE: HYLN) has announced the launch of its next-generation battery module, integrating Toshiba’s LTO cells to enhance battery life, charging rates, and safety. This battery module will be integral to the advancement of Hyliion’s Hybrid system. The new module boasts more than a 40% improvement in cooling, up to five times the cycle life of conventional EV batteries, and can recharge in under 8 minutes. These advancements are expected to bolster Hyliion’s market position in the electrified transportation sector.

Hyliion Holdings Corp. (NYSE: HYLN) will report its Q4 2020 financial results after the market closes on February 23, 2021. A conference call and webcast will follow on February 24, 2021, at 11:00 a.m. ET to discuss the results and the company's outlook. The company focuses on electrified powertrain solutions for Class 8 commercial vehicles, aiming to reduce greenhouse gas emissions in the transportation sector. More details are available on the company's website.

Hyliion Holdings Corp (NYSE: HYLN) announces the appointment of Matthew Loos as senior vice president of marketing. Loos brings over 20 years of experience in marketing and sales leadership, most recently at Terminix, where he managed a team of 45 professionals and drove new product lines resulting in record sales. His expertise includes brand strategy and data-driven marketing initiatives, which are expected to advance Hyliion's commercialization goals. The company's mission is to reduce carbon emissions in Class 8 vehicles through electrified powertrain solutions.

Hyliion Holdings Corp (NYSE: HYLN) appointed Bobby Cherian as senior vice president of sales and supply chain, effective immediately. With nearly 30 years in the trucking industry, Cherian will oversee sales strategy and supplier relationships. His previous experience includes leadership roles at Meritor, Ford, GM, and Dana, where he focused on electrified powertrain solutions. Hyliion aims to reduce carbon emissions in commercial transportation, leveraging advanced software for efficiency.

Hyliion Holdings Corp (NYSE: HYLN) announced that Sherri Baker will become the new Chief Financial Officer effective February 8, 2021, succeeding Greg Van de Vere, who retires after nearly four years. Baker brings extensive experience in financial leadership, having previously served as CFO at PGT Innovations and held various roles at Dean Foods and Frito-Lay. Baker's appointment comes as Hyliion accelerates its commercialization strategy and aims to leverage her expertise to drive profitable growth and enhance shareholder value.

Hyliion Holdings Corp. (NYSE: HYLN) announced the successful exercise of Public Warrants that expired on December 30, 2020, resulting in approximately $142 million in cash proceeds from about 12.5 million shares of Common Stock. Over 98.5% of the Public Warrants were exercised, enabling Hyliion to accelerate investments in technology, talent, and infrastructure. This funding supports partnerships and M&A activity, contributing to Hyliion's mission of reducing carbon intensity in commercial transportation.

Hyliion Holdings Corp (NYSE: HYLN) supports the extension of the Alternative Fuels Tax Credit (AFTC) through 2021, enabling the use of renewable natural gas (RNG) in heavy-duty vehicles. This $0.50 per gallon fuel credit fosters fleet adoption of cleaner technology and aligns with sustainability goals. The recent California Air Resources Board data also indicates RNG vehicles achieving negative emission milestones, positioning RNG as a superior alternative. Hyliion's Hypertruck ERX aims to deliver significant cost savings and emission reductions for fleets, highlighting ongoing government support for clean technology.

Hyliion Holdings Corp. (NYSE: HYLN) announced the exercise deadline for its 12.5 million Public Warrants, set for December 30, 2020. Each warrant can be exercised for $11.50 per share, potentially generating $144 million for the company. The warrants can be redeemed for $0.01 each if the share price exceeds $18.00 for 20 trading days. Unexercised warrants will become void post-deadline. The company has registered the shares under the Securities Act of 1933. Holders are urged to consult their brokers for the exercise process.

Hyliion Holdings Corp. (NYSE: HYLN) has appointed Jose Oxholm as vice president, general counsel, and chief compliance officer, effective November 16, 2020. Oxholm brings over 20 years of experience in the automotive and transportation sectors, having held senior legal roles at companies like LoJack, Ford, and Meritor, Inc. CEO Thomas Healy expressed confidence that Oxholm's expertise in legal and compliance matters will enhance the company's growth and commercialization strategy in electrified powertrain solutions for Class 8 commercial vehicles.