SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors It Has Filed a Complaint to Recover Losses Suffered by Purchasers of Hyliion Holdings Corp. Common Stock and Sets a Lead Plaintiff Deadline of October 27, 2026

NEW YORK, Aug. 28, 2026 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired common stock of Hyliion Holdings Corp. (“Hyliion” or the “Company”) (NYSE: HYLN) between May 12, 2026 to June 23, 2026, inclusive. You are hereby notified that the class action lawsuit Olmeta v. Hyliion Holdings Corp., et al. (Case No. 1:26-cv-02375) has been commenced in the United States District Court for the Western District of Texas. To get more information go to:

https://zlk.com/cases/hyliion-holdings-corp-lawsuit-submission-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or omitting material facts concerning the credibility of its announced commercial pipeline, notably, the basis for management’s confidence in its VFG Holdings (“VFG”) partnership and the extent of the Company’s evaluation of VFG’s operational capabilities, financial resources, and ability to perform before announcing the “new data center partnership” as a significant commercial opportunity.

On June 23, 2026, Pelican Way Research issued a research report questioning the commercial viability of Hyliion’s announced partnership with VFG. Specifically, the report raised numerous red flags regarding VFG’s operational capabilities, financial resources, and development experience necessary to execute the approximately $133 million proposed transaction.

On this news, the price of Hyliion’s common stock declined from a closing market price of $7.37 per share on June 22, 2026, to $6.10 per share on June 23, 2026, a decline of about 17%. The stock price continued to decline another 19% to $4.92 per share on June 24, 2026, as the market continued to absorb the news.

“Our firm is committed to ensuring that investors receive full compensation for losses caused by corporate misrepresentations,” said Joseph E. Levi, a partner at Levi & Korsinsky. “We encourage HYLN shareholders to step forward before the October 27, 2026 deadline so we can pursue justice on their behalf.”

If you suffered a loss in HYLN common stock, you have until October 27, 2026 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP  
Joseph E. Levi, Esq. 
Ed Korsinsky, Esq. 
33 Whitehall Street, 27th Floor 
New York, NY 10004 
jlevi@levikorsinsky.com 
Tel: (212) 363-7500 
Fax: (212) 363-7171 
www.zlk.com