Hyzon Motors Inc.: Nasdaq/NYSE listing notice — Hyzon Motors receives Nasdaq delisting notice for bid price non-compliance

Hyzon Motors Inc.

Received notice on May 8, 2023 from Nasdaq for failing to maintain minimum $1.00 bid price for 30 consecutive business days.
Has 180 calendar days, through November 6, 2023, to regain compliance by closing at or above $1.00 for 10 consecutive days.
If not compliant, may qualify for a second 180-day period if meeting other standards; may implement a reverse stock split.
Failure to comply could result in delisting from Nasdaq Capital Market, materially impacting the company.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

Hyzon Motors Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

May 8, 2023, Hyzon Motors Inc. (the “Company”) received a letter (the “Notice”) from the listing qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”) for continued listing. The Bid Price Rule requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) (the “Compliance Period Rule”) provides that a failure to meet the minimum bid price requirement exists if the

View on SEC.gov

Browse all listing & compliance notices →

Source: SEC EDGAR

accession 0001716583-23-000131

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.