Hyzon Motors regains compliance with Nasdaq minimum bid price requirement.
Hyzon Motors Inc. (NASDAQ: HYZN) (Hyzon or the Company), a high-power hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), announced it received a formal notice from The Nasdaq Stock Market LLC (Nasdaq) notifying Hyzon that it has successfully regained compliance with the $1.00 per share minimum bid price requirement pursuant to Nasdaq Listing Rule 5450(a)(1) and that the matter is now closed.
The minimum bid price requirement was met on July 25, 2023, the tenth consecutive trading day when the closing bid price of the Company’s common stock was more than $1.00. Hyzon’s stock will continue to be listed and traded on The Nasdaq Capital Market.
About Hyzon
Hyzon Motors is a global supplier of high-power fuel cell technology focused on integrating its solutions into zero-emission heavy-duty fuel cell electric vehicles. Utilizing its proven and proprietary hydrogen fuel cell technology, Hyzon aims to supply zero-emission heavy duty trucks to customers in North America, Europe, Australia, and New Zealand to mitigate emissions from diesel transportation – one of the single largest sources of global carbon emissions.
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Hyzon collaborates with partners across the hydrogen value chain to bring clean hydrogen to the market to support fuel cell vehicle deployments. Hyzon is contributing to the adoption of fuel cell electric vehicles through its demonstrated technology advantage, fuel cell performance and history of rapid innovation. Visit www.hyzonmotors.com.
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HYZON MOTORS REGAINS COMPLIANCE WITH NASDAQ MINIMUM BID PRICE REQUIREMENT, ROCHESTER, N.Y., July 27, 2023
