Bullish options flow was detected in SHLL stock on September 28, 2020.
Make sure to review this lesson on options trading so that you understand the chart above.
On September 24, 2020, shares of special purpose acquisition companies fell after Securities and Exchange Commission Chairman Jay Clayton said on CNBC that the agency is looking into the disclosures of these investment vehicles. Clayton said the blank check companies need to provide good disclosure to potential investors, especially on compensation.
On September 21, 2020, Tortoise Acquisition Corp. (NYSE: SHLL) reminded 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.