Robbins LLP is Investigating Potential Securities Claims Involving Hyliion Holdings Corp. 

Robbins LLP is investigating Hyliion Holdings Corp. (AMEX: HYLN) to determine whether certain Hyliion Holdings officers and directors violated securities laws and breached fiduciary duties to shareholders. Hyliion is a power generator company whose primary product is the KARNQ Power Module.

Why Are We Investigating Hyliion Holdings?

Hyliion stock dropped 16% on Tuesday, June 23, 2026, following the release of a short-seller report from Pelican Way Research that questioned the legitimacy of a major customer agreement that had recently driven the Company's valuation up by approximately 150%. Specifically, the Company announced a non-binding LOI with VFG Holdings for up to 250 KARNO Cores, representing approximately $133 million in potential revenue.

Pelican Way Research alleged that the VFG LOI accounted for roughly one-third of Hyliion's reported $400 million-plus pipeline and questioned whether the LOI provided meaningful commercial validation. The report further alleged that VFG, which Pelican Way identified as VFG Tech Holdings, LLC, was incorporated in January 2026, appeared to have only four LinkedIn employees, had a minimal website, and lacked evidence of funding or operating substance sufficient to support an order of that size.

The report also noted that the Company's Financial filings show that between fiscal year 2021 and fiscal year 2025, Hyliion brought in a total of $8 million in cumulative revenue. Over that exact same period, CEO Thomas Healy was paid $15.4 million in total compensation.

What Can Shareholders Do Now?

If you lost money investing in Hyliion Holdings Corp. contact Robbins LLP for more information by submitting an inquiry, emailing attorney Aaron Dumas, Jr., or calling (800) 350-6003.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.