Hyliion files Section 205 petition to validate stock authorization; hearing set for March 6, 2023

Hyliion Holdings Corp.

Petition filed Feb 13, 2023 in Delaware Court of Chancery under DGCL Section 205.
Seeks validation of amendment increasing authorized common stock and restated certificate of incorporation.
Court granted motion to expedite on Feb 14; hearing scheduled for March 6, 2023 at 10:00 a.m. ET.
Matter relates to the October 2020 business combination with Hyliion Inc. (formerly Tortoise Acquisition Corp.).
Stockholders may appear at hearing or file written submissions with the Register in Chancery by March 6.

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