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PR Newswire·

Shareholders who lost money in shares of Hyliion Holdings Corp. (NYSE:HYLN) should contact Wolf Haldenstein Immediately

  • Wolf Haldenstein Adler Freeman & Herz LLP filed a securities class action lawsuit against Hyliion Holdings Corp. in the U.S. District Court for the Western District of Texas.
  • The class period covers investors who purchased Hyliion shares between May 12, 2026, and June 23, 2026.
  • The lead-plaintiff deadline for the case is October 27, 2026.
  • The complaint alleges Hyliion misrepresented a May 12, 2026, non-binding Letter of Intent with VFG Holdings regarding up to 50 MW of data-center power deployments.
  • Hyliion is accused of portraying the VFG relationship & commercial pipeline more positively than the underlying facts justified.
  • Pelican Way Research published a report on June 23, 2026, questioning VFG's operational & financial ability to execute the deal.
  • Following the report, Hyliion stock fell 17.2% on June 23, 2026, & another 19.3% on June 24, 2026, closing at $4.92 per share.
  • Investors with losses or information to assist the investigation are encouraged to contact the firm at no cost or obligation.