Hyzon becomes latest SPAC-backed startup to crash [Yahoo! Finance]
Hyzon Motors Inc. - Class A (HYZN)
Company Research
Source: Yahoo! Finance
Now reality has arrived: Fuel cell developer Hyzon Motors is the latest startup to give up after going public during the SPAC craze of 2020-2021. Hyzon fought through numerous obstacles, including a $25 million fine from the Securities and Exchange Commission related to fabricating orders for hydrogen-powered commercial trucks in China. The spinoff of Singapore's Horizon Fuel Cell Technologies chased the money, receiving $550 million in July 2021 from a reverse merger with Decarbonization Plus Acquisition Corp. despite having no U.S. or North American business. Early Hyzon announcements focused on Europe, Australia and China. Short seller Blue Orca Capital alleged skulduggery on Hyzon's part in a September 2021 report, claiming the company made up orders in China. That put the SEC on Hyzon's trail. All of this came under CEO Craig Knight, who was pushed out in 2022 . Former McKinsey & Co. partner Parker Meeks took over, first as interim CEO. He later was named to the post perman
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HYZN
News
- HYZON ISSUES WORKER ADJUSTMENT AND RETRAINING NOTIFICATIONPR Newswire
- HYZON RECEIVES ORDER FOR REFUSE COLLECTION AND CLASS 8 200KW FUEL CELL ELECTRIC TRUCKS FROM SOUTH SAN FRANCISCO SCAVENGER COMPANYPR Newswire
- HYZON ANNOUNCES SUCCESSFUL TRIAL COMPLETION OF NORTH AMERICA'S FIRST FUEL CELL POWERED REFUSE TRUCK WITH MT. DIABLO RESOURCE RECOVERYPR Newswire
- Hyzon Motors Inc (HYZN) Q3 2024 Earnings Call Highlights: Fuel Cell Advancements and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Hyzon Motors GAAP EPS of -$7.74 [Seeking Alpha]Seeking Alpha
HYZN
Earnings
- 8/13/24 - Miss
HYZN
Sec Filings
- 12/27/24 - Form 144
- 12/27/24 - Form 144
- 12/26/24 - Form 424B3
- HYZN's page on the SEC website