Nasdaq has notified Hyzon it will delist the company’s stock from 14 February
Hyzon faces Nasdaq delisting
The hydrogen vehicle manufacturer has been notified of a suspension of its shares and delisting from the market scheduled for 14 February
Hydrogen vehicle manufacturer Hyzon has been notified of a potential delisting from the Nasdaq on 14 February, as it has still not filed its report for the second quarter of last year. Hyzon says it will appeal against the delisting and request a hearing, which the company claims will automatically stay the delisting process for 15 days from the date of the request. However, the company’s stock has still plummeted by c.28pc over the past five days as investors sell ahead of the delisting deadline. Hyzon has been accused of improper business practices by multiple lawsuits and a short-seller report by investment firm Blue Orca. A non-binding deal with Chinese firm Shanghai Hongyun for 500 hyd
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