SHLL (equity) / SHLL+ (warrants)

Target PR: hyliion.com/hyliion-inc-and-to...
Expected merger vote: TBA (but I'd guess early September)
Expected merger date: ~September 15, 2020

The Hotness:

The EV powertrain recharges itself while it’s on the road, refills on natural gas (already plenty of network for that) and has 1,000 mile range.  🤯

Combined with a fully electric drivetrain and a natural gas-powered onboard generator to recharge the battery, the Hypertruck ERX will provide more than 1,000 miles of range. The powertrain also produces electricity locally at roughly 30 percent less than the average grid cost, which yields a seven-year cost-of-ownership unmatched by any diesel, battery-electric (BEV) or hydrogen fuel-cell (FCEV) Class 8 truck under development.

"The Hyliion technology is so game-changing that all companies, especially those with consumer-facing brands, will be forced to adapt," said Tarek Sultan, vice chairman and CEO of Agility. "It's a triple win: Protect the environment, keep customers happy and benefit shareholders by improving the bottom line. We look forward to bringing significant cost savings and greater efficiency to our customers."

With more than 700 public stations across the U.S., the Hypertruck ERX leverages a robust natural gas refueling infrastructure. The truck is the only electric Class 8 vehicle that can achieve a net-negative greenhouse gas emissions footprint using renewable natural gas (RNG). It will achieve 25 miles of pure electric vehicle range in compliance with cities adopting "Zero Emission Zones." The vehicle's low carbon footprint is further enhanced by the system's machine learning algorithm, which optimizes energy efficiency, emissions, performance and predictive maintenance schedules.

..more....

The launch of the Hypertruck ERX is anchored by Agility, one of the world's leading logistics companies with $5.2 billion in revenue and offices in 100 countries. Agility has confirmed a pre-order of up to 1,000 trucks and has agreed to invest in a private offering of securities to be issued by Tortoise Acquisition Corp. (NYSE: SHLL) in connection with Hyliion's recently announced business combination.

vs NKLA

The one thing NKLA has/had better that helped it move is the consumer angle.  They’ve got some really good looking consumer vehicles, jet skis, etc where as SHLL is 100% commercial for now.

Looking ahead

post-merger I think we'll see announcement of additional orders for both the ERX truck (2021/2022) and current (selling now) Hybrid Powertrains.

There is a lot of DD out there on this one, I'll post more here as I find it.

I'm long SHLL warrants @ 7.20 avg.