Following closing, TortoiseCorp II will change its name from “Tortoise Acquisition Corp. II” to “Volta Inc.” and its common stock and warrants are expected to begin trading on the New York Stock Exchange under the ticker symbols “VLTA” and “VLTA WS,” respectively, on August 27, 2021.

Who is Tortoise acquisition merging with?

The stock was up more than 60% in February after the SPAC announced it has plans to merge with electric charging network company Volta. The deal valued the combined company at over $2 billion, and investors jumped in.

What happens to tortoise stock after merger?

Management expects the merger to close on Thursday, after which Tortoise stock will convert to Hyliion stock and begin trading under the ticker HYLN. Tortoise warrants will likewise convert to Hyliion warrants with the ticker HYLN. ... The combined company will continue to trade on the New York Stock Exchange.