Move Aims to Ensure Continued Listing on Nasdaq
BOLINGBROOK, Ill., Sept. 6, 2024 /PRNewswire/ -- Hyzon (NASDAQ:HYZN) ("Hyzon" or the "Company"), a U.S.-based high-performance hydrogen fuel cell system manufacturer and technology developer focused on providing zero-emission power to decarbonize the most demanding industries, today announced that its Board of Directors and stockholders approved a 1-for-50 reverse stock split of the Company's Class A common stock, par value $0.0001 per share, which will be effective at 12:01 a.m., Eastern Time, on September 11, 2024 (the "Reverse Stock Split"). Hyzon's Class A common stock will continue to be traded on The Nasdaq Capital Market on a split-adjusted basis beginning on September 11, 2024, under the Company's existing trading symbol "HYZN."
The Reverse Stock Split is intended to increase the bid price of the Company's Class A common stock so that Hyzon can regain compliance with the minimum bid price requirement of $1.00 per share for continued listing on The Nasdaq Capital Market. The new CUSIP number following the Reverse Stock Split will be 44951Y201. The Company filed a Certificate of Amendment with the Secretary of State of the State of Delaware on September 6, 2024 to ...
