1 unchanged sentence
Market Information
−Removed: Our common stock is currently listed on the NYSE under the symbol “HLYN.” Prior to the consummation of the Business Combination, our common stock was listed on the NYSE under the symbol “SHLL.”
−Removed: As of February 17, 2023, there were 84 holders of record of our Common Stock.
+Added: Our common stock is currently listed on the NYSE under the symbol “HYLN.”
+Added: As of February 6, 2024, there we re 74 holders of record of our Common Stock.
A greater number of holders of our common stock are “street name” or beneficial holders, whose shares are held by banks, brokers and other financial institutions.
1 unchanged sentence
We have not paid any cash dividends on our common stock to date.
−Removed: We may retain future earnings, if any, for future operations, expansion and debt repayment and have no current plans to pay cash dividends for the foreseeable future.
Any decision to declare and pay dividends in the future will be made at the discretion of our Board of Directors and will depend on, among other things, our results of operations, financial condition, cash requirements, contractual restrictions and other factors that the Board may deem relevant.
1 unchanged sentence
We do not anticipate declaring any cash dividends to holders of the common stock in the foreseeable future.
−Removed: Stock Performance Graph
−Removed: This performance graph shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference into any filing of Hyliion under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
−Removed: The following graph shows a comparison, from January 1, 2020 through December 31, 2022, of the cumulative total return on our common stock, the NASDAQ Composite Index and the S&P American SmallCap Capital Goods Index.
−Removed: Data for the NASDAQ Composite Index and the S&P American SmallCap Capital Goods Index assumes an investment of $100 on January 1, 2020 and reinvestment of dividends.
+Added: Issuer Purchases of Equity Securities
+Added: The following table provides information regarding repurchases of our Common Stock during the quarter ended December 31, 2023:
+Added: Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares
+Added: Purchased as Part of Publicly Announced Plans or Programs (1)
+Added: Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans
+Added: or Programs (2)
+Added: October 1 - 31, 2023 — $ — — $ 20,000,000
+Added: November 1 - 30, 2023 — $ — — $ 20,000,000
+Added: December 1 - 31, 2023 37,062 $ 0.85 37,062 $ 19,968,338
+Added: Total 37,062 37,062
+Added: 1 Share repurchases are conducted under our share repurchase program announced in December 2023, which has no expiration date, authorizing the repurchase of up to $20 million in shares.
+Added: 2 This column includes the total value of shares available for repurchase under the Company's share repurchase program.
+Added: Shares under our share repurchase program may be repurchased in open market transactions, including pursuant to a trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, or through privately negotiated transactions.
+Added: The timing, manner, price and amount of repurchases will be determined at our discretion and the share repurchase program may be suspended, terminated or modified at any time for any reason.
Recent Sales of Unregistered Equity Securities
−Removed: In connection with the acquisition of assets from General Electric Company, acting solely by and through its GE Additive business unit, on September 26, 2022, we issued an aggregate of 5,500,000 shares of our common stock (the “Share
−Removed: Consideration”) to General Electric Company as a portion of the consideration for the assets.
+Added: In connection with the acquisition of assets from General Electric Company, acting solely by and through its GE Additive business unit, on September 26, 2022, we issued an aggregate of 5,500,000 shares of our common stock (the “Share Consideration”) to General Electric Company as a portion of the consideration for the assets.
Such shares were issued pursuant to an exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.