1)Announcement/exercise of the Public Warrants that expired on December 30, 2020
2)Capital is for growth not to pay debt, market should react positive
“The successful exercise of these warrants and resulting capital raised allows Hyliion to accelerate its investment in technology, talent and infrastructure towards achieving the...
HYLN on the daily shows a possible head and shoulders formation with the left shoulder holding support at 18.11 and resistance at 34.70. The right shoulder is starting to form off an imperfect morning star pattern. I would enter the trade now and exit at 27.90 then watch and see what happens but I would not hold long on this one.
Hyliion Holdings Corp. manufactures hybrid and electric powertrains for trucks. It engages in the provision of hybrid technology to tractor trailers. The company was founded by Thomas Healy in 2015 and is headquartered in Cedar Park, TX.