XML 45 R33.htm IDEA: XBRL DOCUMENT v3.21.2
Reverse Recapitalization (Tables)
12 Months Ended
Dec. 31, 2020
Reverse Recapitalization [Abstract]  
Business Combination, Separately Recognized Transactions [Table Text Block]
Cash - TortoiseCorp’s trust and cash (net of redemption)  $236,484 
Cash - PIPE   307,500 
Cash - forward purchase units   17,500 
Less: transaction costs and advisory fees paid   (45,030)
Net Business Combination and PIPE financing  $516,454 
Business Combination, Segment Allocation [Table Text Block]
Common stock, outstanding prior to Business Combination   23,300,917 
Less: redemption of TortoiseCorp shares   (3,308)
Common stock of TortoiseCorp   23,297,609 
TortoiseCorp founder shares   5,825,230 
Shares issued in PIPE   30,750,000 
Shares issued in connection with forward purchase agreement   1,750,000 
Business Combination, PIPE, and forward purchase agreement financing shares   61,622,839 
Legacy Hyliion shares(1)     92,278,990 
Total shares of common stock immediately after Business Combination   153,901,829 
Hyliion Holdings Corp. exercise of warrants   15,414,592 
Total shares of common stock at December 31, 2020   169,316,421 
Schedule of Legacy Hyliion shares
   Legacy Hyliion
shares
   Legacy Hyliion
shares,
effected for
Exchange
Ratio
 
Balance at December 31, 2018   24,453,750    35,634,061 
Recapitalization applied to Series A outstanding at December 31, 2018   34,799,813    50,710,369 
Exercise of common stock options - 2019   286,874    418,033 
Exercise of common stock options - 2020 (pre-Closing)   763,216    1,112,160 
Conversion of convertible notes payable to common stock(2)   2,336,235    4,404,367 
         92,278,990