Hyzon Motors — hydrogen fuel cell heavy commercial trucks (refuse, prime movers)
Hyzon Motors completed business combination with Decarbonization Plus Acquisition Corp. Stockholder vote July 15, 2021; closed July 16, 2021. Trading NASDAQ as HYZN July 19, 2021. Up to $626M gross proceeds incl. $400M PIPE. Implied pro forma equity $2.7B. Subsequently hit by short-seller report and securities suit Sept-Oct 2021.
$2.70B
Deal Value
Hydrogen
Technology
NY
Location
Deal Details
- Deal Type
- SPAC Merger
- Seller / Sponsor
- Hyzon Motors USA Inc.
- Buyer / Financier
- Decarbonization Plus Acquisition Corporation (DCRB)
- Deal Value
- $2.7B (pro forma equity)
- Stage
- Pre-commercial
- ISO/RTO
- NYISO
- Source
- PR Newswire
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