Tortoise Acquisition Corp.

closedU=S+W/2W=S@11.50
HYLNSEC EDGARCIK: 0001759631|Hyliion Holdings Corp.

Capital Structure & Economics

Trust Size$225,000,000
Unit Price$10.00
Warrant Coverage1/2
Sponsor Promote20%

Implied Equity Architecture

Capital Allocation Baseline

Trust (100.0%)

Implied Dilution Drag

50% Warrant Inclusion
Public Trust Allocation$225,000,000
Sponsor At-Risk CapitalN/A
Total Underwriting DiscountN/A
Trust Per Unit (Implied)$10.00
Sponsor Promote Allocation20%
Deal Lifecycle
IPO PricedFeb 6, 2019
Target AnnouncedJun 18, 2020
Maturation Wall
N/A

Announced Target / M&A

  • Target CompanyHyliion
  • Announced Deal Size$1,000,000,000
  • Announcement Date2020-06-18

Board & Officers

Syndicate & Advisors

Interactive Deal Modeling

Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.

Dilution Cash Friction