Hyliion stock drops more than 9% when it debuts

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Actions de Hyliion Holdings Corp. HYLN,
-12,04%
fell more than 9% on Friday on their first day of trading on the New York Stock Exchange. Hyliion on Thursday announced the end of the merger with blank check firm Tortoise Acquisition Corp., as announced in June, paving the way for trading. The agreement gave Hyliion, a manufacturer of electric powertrains for commercial trucks, approximately $ 560 million “to support the continued development of Hyliion and the commercialization of its hybrid electric powertrain solutions and Hypertruck ERX,” said businesses.

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