HYLN Deadline Alert: Levi & Korsinsky Reminds Hyliion Holdings Corp. (HYLN) Investors of Securities Class Action Deadline on October 27, 2026

Hyliion projected up to 250 KARNO Cores and more than $400 million in potential pipeline revenue; a research report alleged the counterparty behind $133 million of that figure was a four-employee company incorporated five months earlier. HYLN shares lost 33.24% in two sessions.

NEW YORK, Sept. 30, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Hyliion Holdings Corp. (NYSE: HYLN) that a class action has been filed on behalf of shareholders who purchased securities between May 12, 2026 and June 23, 2026. Check if you might be eligible to recover your investment losses. You may also contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.

HYLN closed at $7.37 on June 22, 2026, then fell to $6.10 on June 23 and to $4.92 on June 24, a cumulative decline of 33.24%, or $2.45 per share. The VFG Holdings letter of intent accounted for approximately $133 million of the Company's disclosed $400 million potential pipeline. The lead plaintiff deadline is October 27, 2026.

The Promise

On May 12, 2026, the Company projected a "new data center partnership" with VFG Holdings, LLC covering deployment of up to 250 KARNO Cores, roughly 50 megawatts of capacity, over the following five years. Management characterized VFG as a turnkey data center developer staffed by industry veterans that was "planning multiple gigawatts of power production in the years ahead," and told investors that signed non-binding letters of intent represented roughly $400 million of potential revenue at then-current pricing.

The Reality

A June 23, 2026 Pelican Way Research report stated that VFG had been incorporated on January 5, 2026, appeared to have four employees and a "barely functioning website," and had no identifiable funding history. Plaintiffs allege the Company did not disclose whether it had evaluated VFG's financial resources, development experience, or operational ability to perform a proposed $133 million transaction. Results revealed a further gap, according to the complaint: management did not publicly rebut the report and, on August 12, 2026, acknowledged that most customer interest "is not yet reflected in LOIs or purchase contracts."

Promise vs. Actual: By the Numbers

• Projected pipeline: more than $400 million in potential revenue from non-binding letters of intent. Reported Q1 2026 revenue: $2.8 million, derived from research and development services.
• Projected VFG opportunity: up to 250 KARNO Cores and approximately $133 million. Alleged reality: a non-binding LOI expressly subject to a definitive purchase agreement that had not been executed.
• Projected counterparty profile: a developer offering power, infrastructure, compute systems, and financing. Alleged reality: an entity incorporated on January 5, 2026 with four employees and no public funding history.
• Reaffirmed 2026 guidance: approximately $10 million in full-year revenue. Reported Q1 2026 gross margin gain: $0.2 million.
• Market outcome: $7.37 per share on June 22, 2026 to $4.92 per share on June 24, 2026, a loss of $2.45 per share.

"Companies that make specific promises to investors about future performance have an obligation to disclose known risks to those projections. Here, the complaint alleges that roughly one-third of a disclosed $400 million pipeline rested on a non-binding letter of intent with a newly formed counterparty, and that shareholders were never told what diligence, if any, supported it." Joseph E. Levi, Esq.

Learn more about the case or call (212) 363-7500.

Levi & Korsinsky, LLP | Top 50 Securities Firm | (212) 363-7500 | www.zlk.com | Attorney Advertising. Prior results do not guarantee similar outcomes.

Frequently Asked Questions About the HYLN Lawsuit

Q: What specific misstatements does the HYLN lawsuit allege?A: The complaint alleges Hyliion Holdings Corp. made materially false or misleading statements regarding the credibility and commercial viability of its announced "new data center partnership" with VFG Holdings and the reliability of a disclosed commercial pipeline of more than $400 million during the Class Period. When a research report questioning VFG's operational capabilities, financial resources, and development experience was published, the stock price declined sharply.

Q: When did Hyliion Holdings Corp. allegedly mislead investors?A: The Class Period runs from May 12, 2026 to June 23, 2026. The complaint alleges that corrective disclosures revealed information that caused a significant stock decline.

Q: What court was the HYLN class action filed in?A: The case was filed in the United States District Court for the Western District of Texas, Austin Division, governed by the Private Securities Litigation Reform Act of 1995.

Q: What do HYLN investors need to do right now?A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.

Q: What is a lead plaintiff and why does it matter?A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.

Q: What if I already sold my HYLN shares, can I still recover losses?A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: What does it cost me to participate?A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.

Q: How long will the lawsuit take to resolve?A: Securities class actions typically take two to four years from initial filing to resolution. Timing depends on the court schedule, case developments, and whether the matter is dismissed, settled, or litigated further.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

SOURCE Levi & Korsinsky, LLP