The volatility followed a report by Pelican Way Research, which challenged the authenticity of a business deal that had previously pushed Hyliion shares up by roughly 150%. The firm is now seeking shareholders who purchased securities during the relevant period to participate in a potential class action lawsuit. Investors may join the inquiry without incurring out-of-pocket expenses, as the firm operates on a contingency fee basis.

Those interested in the investigation or seeking legal representation can contact Phillip Kim at the Rosen Law Firm. The firm, led by Laurence Rosen, emphasizes its history of securities litigation and experience in recovering investor losses to distinguish its practice from other firms issuing similar notices.