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

Hyzon Motors Inc.

Received Nasdaq notice on Jan 23, 2024, for failing to maintain minimum $1.00 bid price for 30 consecutive business days.
Has 180 calendar days (to July 22, 2024) to regain compliance by closing at $1.00+ for 10 consecutive days.
May be eligible for a second 180-day cure period if meeting other initial listing standards.
Failure to cure could lead to delisting of common stock from Nasdaq Capital Market.
Stock continues trading under symbol HYZN; no immediate effect on listing.

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

January 23, 2024, 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 Rules 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

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Source: SEC EDGAR

accession 0001716583-24-000011

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