On the risk of delisting of ordinary shares of Hyliion Holdings Corp. (HYLN)

The International Trading System Limited (hereinafter – ITS) hereby informs on the delisting risk of ordinary shares of Hyliion Holdings Corp. (ISIN US4491091074, hereinafter – Shares, QI) from the New York Stock Exchange (hereinafter – NYSE).

Information on delisting risk of ordinary shares by NYSE 

On November 8, 2023, Hyliion Holdings Corp. (hereinafter – the Company) submitted Quarterly report on Form 10-Q to The United States Securities and Exchange Commission (the “SEC”). According to the report, on November 2, 2023, the Company received notice (the “Delisting Notice”) from the New York Stock Exchange (the “NYSE”) that because the average per share closing price of its common stock (the “Common Stock”) over a 30 consecutive trading-day period ended November 1, 2023, was below $1.00 (the “Minimum Price Requirement”), the Company was not in compliance with Section 802.01C of the NYSE’s Listed Company Manual.

The Company plans to notify the NYSE within 10 business days of its receipt of the Delisting Notice of its intent to cure the deficiency and will consider a number of alternatives to regain compliance with the Minimum Price Requirement. Pursuant to Section 802.01C, the Company has a period of six months following receipt of the Delisting Notice to regain compliance with the Minimum Price Requirement. For more information, please refer to the report available on the SEC website.

Information regarding possible actions to be taken by ITS Ltd.

ITS Ltd. (hereinafter – ITS) conducts regular monitoring of the relevant information disclosed by the Company. Delisting of the Company’s securities (hereinafter – Qualified Investments) by NYSE will be considered to costitute a breach of the ITS Regulations on admitting financial instruments to trading and result in termination of trading in the Qualified Investments on ITS. In case NYSE decides to suspend trading in the Company's securities until the date of their delisting on NYSE, ITS may make a similar decision.