Silver Law Group is investigating claims on behalf of investors of Hyliion Holdings Corp. (NYSE: HYLN). Investors in Hyliion Holdings are advised to contact attorney Scott Silver at ssilver@silverlaw.com if they believe they have suffered losses or have questions about the company.
A recent report from Pelican Way Research alleges that Hyliion Holdings (HYLN) is highly overvalued and raises serious questions about the company’s credibility. The report is especially critical of Hyliion’s $133 million letter of intent with VFG Holdings, a newly formed entity with limited background and only four employees. Following the report’s publication, Hyliion shares fell as much as 17.9% in a single trading session.
The report details that the company is burning cash without revenue from commercialization of its technologies. Calling Hyliion “A Glorified Science Project”, Pelican Way discusses how the company pursues commercialization of its as-yet-untested technology and never brings it to market.
Previously focused on EV trucks, Hyliion is now focusing on AI Data Center technology. The authors believe that the recently signed Letter of Intent with VFG Holdings is for Hyliion to raise additional cash before burning through its existing cash in about 18 months.
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Silver Law Group is a nationally recognized plaintiff-side securities and investment fraud law firm. With attorneys admitted to practice in New York and Florida, we represent investors nationwide in shareholder litigation involving securities fraud, breaches of fiduciary duty, and other violations of state and federal law.
In 2025, Silver Law Group was named one of the Top 50 Plaintiff Law Firms by ISS Securities Class Action Services. Managing partner Scott Silver chairs the Securities and Financial Fraud Group of the American Association for Justice and serves on the Board of PIABA.
The firm has built a reputation for its leadership in Ponzi scheme and financial fraud litigation, known for pursuing every responsible party — not just the primary wrongdoers, but the banks, auditors, and law firms whose conduct enabled the fraud. Our class action attorneys have broad experience in 10b-5 and other securities class action litigation.
Contact us for a confidential, no cost consultation on the potential for recovery of your investment losses. Our attorneys represent clients nationwide in securities cases to recover investment losses.
