Tortoise Acquisition (SHLL) Now Expected To Formalize Its Merger With Hyliion on the 28th of September
https://wccftech.com/tortoise-acquisition-shll-now-expected-to-formalize-its-merger-with-hyliion-on-the-28th-of-september/
Tortoise Acquisition Corp. (NYSE:SHLL) – the SPAC slated to merge with Hyliion – has been a subject of intense investor frenzy for a while now. Today, the company has provided a fresh impetus to the bulls by revealing the date on which the much-anticipated merger will be approved by its shareholders.
As a refresher, Tortoise Acquisition and Hyliion – the company that designs and develops hybrid suspension systems and electrified powertrain solutions for Heavy Duty Class 8 trucks – had announced their plans to undergo a merger back in June 2020. The joint press statement at the time had revealed the following details regarding their merger agreement: