Tortoise Acquisition Corp. Reminds Stockholders to Vote in Favor of Business Combination with Hyliion Inc.
September 21 2020 - 5:18PM
Business Wire
Tortoise Acquisition Corp. (NYSE: SHLL) (“TortoiseCorp”) reminds
stockholders to vote in favor of the proposed business combination
between TortoiseCorp and Hyliion Inc. (“Hyliion”), and the related
proposals, to be voted upon at TortoiseCorp’s Special Meeting of
Stockholders scheduled to be held virtually on Monday, September
28, 2020, at 9:30 am Eastern time (the “Special Meeting”), as
described in TortoiseCorp’s definitive proxy statement, dated
September 8, 2020 (the “Proxy Statement”).
Every stockholder’s vote is important, regardless of the number
of shares the stockholder holds. Accordingly, TortoiseCorp requests
that each stockholder complete, sign, date and return a proxy card,
if it has not already done so, to ensure that such stockholder’s
shares will be represented at the Special Meeting. Stockholders
which hold shares in “street name,” meaning that their shares are
held of record by a broker, bank or other nominee, should contact
their broker, bank or nominee to ensure that their shares are
voted.
In connection with the proposed business combination,
TortoiseCorp filed the Proxy Statement with the U.S. Securities and
Exchange Commission (the “SEC”) on September 8, 2020, and the Proxy
Statement and proxy card were mailed shortly thereafter to
stockholders of record as of the close of business on August 24,
2020. The Proxy Statement is available on the Investor Information
section of TortoiseCorp’s website, as well as www.sec.gov.
TortoiseCorp stockholders are encouraged to read the definitive
proxy materials, including, among other things, the reasons for
TortoiseCorp’s Board of Directors’ unanimous recommendation that
stockholders vote “FOR” the business combination and the other
stockholder proposals set forth in the proxy materials as well as
the background of the process that led to the pending business
combination with Hyliion.
Holders of TortoiseCorp’s shares of Class A Common Stock and
Class B Common Stock at the close of business on the record date of
August 24, 2020 are entitled to vote their shares either online or
by proxy at the Special Meeting. TortoiseCorp stockholders who need
assistance in completing the proxy card, need additional copies of
the proxy materials, or have questions regarding the Special
Meeting may contact TortoiseCorp’s proxy solicitor, Morrow Sodali
LLC, by telephone at (800) 662-5200 or by email at
SHLL.info@investor.morrowsodali.com.
About Tortoise Acquisition Corp.
Tortoise Acquisition Corp. (NYSE: SHLL) is a special purpose
acquisition company formed for the purpose of effecting a merger,
stock exchange, acquisition, reorganization or similar business
combination with one or more businesses. TortoiseCorp’s expertise
spans across the entire energy and infrastructure value chain. Our
strategy has been to combine with a company to take advantage of
the global opportunities created by the energy transition including
clean energy generation and storage, alternative fuels and
transportation, technological advances and changes in energy
policies.
Forward-Looking Statements
The information in this press release includes “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended (the “Securities Act”), and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements, other
than statements of present or historical fact included in this
press release, regarding TortoiseCorp’s proposed acquisition of
Hyliion and TortoiseCorp’s ability to consummate the transaction
are forward-looking statements. When used in this press release,
the words “could,” “should,” “will,” “may,” “believe,”
“anticipate,” “intend,” “estimate,” “expect,” “project,” the
negative of such terms and other similar expressions are intended
to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. These
forward-looking statements are based on management’s current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of
future events. Except as otherwise required by applicable law,
TortoiseCorp disclaims any duty to update any forward looking
statements, all of which are expressly qualified by the statements
in this section, to reflect events or circumstances after the date
of this press release. TortoiseCorp cautions you that these
forward-looking statements are subject to numerous risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of TortoiseCorp. In addition,
TortoiseCorp cautions you that the forward-looking statements
contained in this press release are subject to the following
factors: (i) the occurrence of any event, change or other
circumstances that could delay the business combination or give
rise to the termination of the agreements related thereto; (ii) the
outcome of any legal proceedings that may be instituted against
TortoiseCorp or Hyliion; (iii) the inability to complete the
business combination due to the failure to obtain approval of the
stockholders of TortoiseCorp, or other conditions to closing in the
transaction agreement; (iv) the risk that the proposed business
combination disrupts TortoiseCorp’s or Hyliion’s current plans and
operations; (v) Hyliion’s ability to realize the anticipated
benefits of the business combination, which may be affected by,
among other things, competition and the ability of Hyliion to grow
and manage growth profitably following the business combination;
(vi) costs related to the business combination; (vii) changes in
applicable laws or regulations; and (viii) the possibility that
Hyliion may be adversely affected by other economic, business,
and/or competitive factors. Should one or more of the risks or
uncertainties described in this press release, or should underlying
assumptions prove incorrect, actual results and plans could
different materially from those expressed in any forward-looking
statements. Additional information concerning these and other
factors that may impact the operations and projections discussed
herein can be found in TortoiseCorp’s periodic filings with the
SEC, including its Annual Report on Form 10-K for the fiscal year
ended December 31, 2019. TortoiseCorp's SEC filings are available
publicly on the SEC’s website at www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20200921005875/en/
Investor Contact: Morrow Sodali LLC Donna Corso or Ryan Loveless
(800) 662-5200 (Banks and Brokers call collect at (203) 658-9400)
SHLL.info@investor.morrowsodali.com
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