Ticker LaunchSPAC · Merger completed
Tortoise Acquisition Corp.
Business combination with Hyliion Inc.
Tortoise Acquisition Corp. is a blank-check company (SPAC) that raised $225M in its initial public offering on Mar 1, 2019, listing on New York Stock Exchange. It completed its business combination with Hyliion Inc. on Oct 1, 2020; the combined company is Hyliion Holdings Corp. (HYLN). Barclays led the IPO, with Goldman Sachs and UBS. Vinson & Elkins advised the SPAC and Skadden, Arps advised the underwriters on the IPO.
Hyliion Inc. designs, develops and sells electrified powertrain solutions for heavy-duty Class 8 trucks, which can be used with vehicles from commercial vehicle manufacturers. It merged with Tortoise Acquisition Corp. II, a special purpose acquisition company.
- Status
- Merger completed
- IPO date
- Mar 1, 2019
- IPO size
- $225M
- IPO exchange
- New York Stock Exchange
- Target
- Hyliion Inc.
- Announced
- Jun 19, 2020
- Closed
- Oct 1, 2020
- Combined company
- Hyliion Holdings Corp. (HYLN)
- IPO underwriters
- Barclays, Goldman Sachs and UBS
- SPAC counsel (IPO)
- Vinson & Elkins
- Underwriters' counsel (IPO)
- Skadden, Arps
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- PIPE and other committed financing
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Mar 1, 2019
- Deal announcement (8-K) Jun 19, 2020
- Press release
- All filings on EDGAR CIK 1759631
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