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
Also in this section
19 April 2024
UAE renewables developer weighs opportunities to join green hydrogen projects in US and Canada, Andreas Bieringer, director of green hydrogen business development and commercial, tells Hydrogen Economist
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter
16 April 2024
European Commission to provide list of approved certifiers in a move that is expected to help unlock investment in the sector
9 April 2024
Higher country-level risk and green hydrogen project execution risks are driving up financing costs, according to the Hydrogen Council and McKinsey