Hyzon Motors Inc.: Nasdaq/NYSE listing notice — Hyzon Motors faces Nasdaq delisting hearing on Mar 16, files Section 205 petition to validate stock authorization

Hyzon Motors Inc.

Nasdaq Staff Determination received Feb 3; stay granted through Feb 25; hearing set for Mar 16, 2023.
Filed Delaware Section 205 petition on Feb 13 to validate increase of authorized Class A shares from 250M to 400M.
Petition responds to Garfield v. Boxed ruling; separate class vote may have been required but not obtained.
Expedited hearing on petition set for Mar 6, 2023; failure could impair ability to issue equity or debt.
Company has ~19M warrants outstanding; authorized shares insufficient to cover if increase not validated.

item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Hyzon Motors Inc. received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: late filing
Rules: 5250(c)(1)

Exact text from the filing

and will notify the Company within this 15 calendar day period whether the Company’s request for a stay pending the hearing will be granted. The date for the delisting hearing is set for March 16, 2023. At the hearing, the Company will present its plan to regain compliance with Nasdaq Listing Rule 5250(c)(1) and request the continued listing of its securities on The Nasdaq Capital Market pending such compliance.

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Source: SEC EDGAR

accession 0001716583-23-000022

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