- Hyliion Holdings Corp. (NYSE: HYLN) shareholders should email [email protected]

NEW YORK, Oct. 20, 2026 /PRNewswire/ -- On June 23, 2026, Pelican Way Research published a report questioning the commercial viability of Hyliion's announced partnership with VFG Holdings. Hyliion had previously announced a non-binding letter of intent contemplating deployment of up to 250 KARNO Cores over five years. The report raised concerns about VFG's operational capabilities, financial resources, and development experience necessary to execute the approximately $133 million proposed transaction.

Following this news, the price of Hyliion stock fell $1.27 per share, or approximately 17%, to close at $6.10 per share on June 23, 2026.

According to the report, VFG had been incorporated on January 5, 2026, appeared to have only four employees, and maintained a barely functioning website. The report also questioned VFG's funding history and capacity to support the proposed partnership. As the market continued to absorb the report, Hyliion stock fell another $1.18 per share, or approximately 19%, to close at $4.92 per share on June 24, 2026.

If you own Hyliion Holdings Corp. (NYSE: HYLN) securities, please contact Fletcher Moore at [email protected].

You may be able to seek monetary damages, corporate governance reforms, reimbursement to the company, and a court approved incentive award at no cost to you whatsoever. All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

MOORE LAW PLLC

30 Wall Street, 8th Floor

New York, NY 10005

[email protected]

www.fmoorelaw.com 

SOURCE Moore Law PLLC

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