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Hyliion to buy back USD 20 million in shares

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By Luke Willetts - 5th March 2024

USA – Hyliion Holdings Corp, a manufacturer of electric powertrains for heavy-duty trucks based in Cedar Park, Texas, announced that its Board of Directors approved the decision to repurchase USD 60 million of its common stock through a “stock repurchase program”. Hyliion management will have control over the timing, price and amount of stock to be repurchased. This transaction will be funded by the company’s cash reserves.

Thomas Healy, Founder and CEO of Hyliion said:

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