SHLL - Tortoise Acquisition rallies after Hyliion deal approved
Shareholders at Tortoise Acquisition Corp. ([[SHLL]] +6.5%) voted to approve a business combination between TortoiseCorp and Hyliion Inc. The company says it received overwhelming support from stockholders for the proposed business combination with Hyliion.The transaction is expected to close on October 1."Our strategy has been to combine with a company to take advantage of the global opportunities created by the energy transition including clean energy generation and storage, alternative fuels and transportation, technological advances and changes in energy policies."Source: Press ReleaseSHLL was one of the stock singled out in this week's Seeking Alpha Catalyst Watch.
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Tortoise Acquisition rallies after Hyliion deal approved