Hyliion receives NYSE continued listing standard notice

Hyliion Holdings announced that it has received notice from the New York Stock Exchange on November 2, 2023 that because the average per share closing price of Hyliion’s common stock over a 30 consecutive trading-day period ended November 1, 2023 was below $1.00, Hyliion was not in compliance with Section 802.01C of the NYSE’s Listed Company Manual. Hyliion plans to notify the NYSE within 10 business days of its receipt of the notice of its intent to cure the deficiency and will consider a number of alternatives to regain compliance. Hyliion has a period of six months following receipt of the notice to regain compliance. Compliance can be regained at any time during the six-month period if on the last trading day of any calendar month during the six-month period or on the last day of the six-month period, Hyliion has both (i) a closing price of at least $1.00 per share of Hyliion common stock and (ii) an average closing price of at least $1.00 per share of Hyliion common stock over the thirty trading-days ended that day.