ROCHESTER, N.Y., May 11, 2023
/PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN), a global supplier
of zero-emission heavy-duty fuel cell electric vehicles, today
announced it received approval from the Nasdaq Hearings Panel for a
filing extension of the company's outstanding financial statements.
This approval is in response to Hyzon's May
5, 2023 request to file its Annual Report on Form 10-K for
the year ended December 31, 2022, by
May 31, 2023 and its Quarterly Report
on Form 10-Q for the quarter ended March 31,
2023 by June 7, 2023.
On May 5, 2023, Hyzon notified the
Nasdaq Hearings Panel that the company would need to seek a filing
extension for its outstanding financial statements. This extension
allows Hyzon to work with its auditors, KPMG LLP, to complete the
annual audit of the company's financial statements for the year
ended December 31, 2022, and also to
file the Quarterly Report on Form 10-Q for the quarter ended
March 31, 2023, by June 7, 2023.
Hyzon is working diligently to file the financial reports as
soon as practicable. Should the company file according to this
schedule, Hyzon anticipates being in full compliance with NASDAQ
listing requirements for periodic filings and scheduling regular
earnings calls beginning this summer.
About Hyzon
Hyzon is a global supplier of fuel cell
electric mobility, with US operations in the Rochester, Chicago and Detroit areas, and international operations in
the Netherlands, Australia, and China. Hyzon is an energy transition
accelerator and technology innovator, providing solutions in the
transport sector with a focus on commercial vehicles and hydrogen
supply infrastructure. Utilizing its proprietary hydrogen fuel cell
technology, Hyzon's mission is to supply zero-emission heavy duty
trucks to customers in North
America, Europe and around
the world to mitigate emissions from diesel transportation - one of
the single largest sources of carbon emissions globally. The
Company is contributing to the adoption of fuel cell electric
vehicles through its demonstrated technology advantage, fuel cell
system performance, and innovation. Visit www.hyzonmotors.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements, other than statements of present or historical fact
included in this press release, are forward-looking statements.
When used in this press release, the words "aims", "could,"
"should," "will," "may," "believe," "anticipate," "intend,"
"estimate," "expect," "project," the negative of such terms and
other similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. These forward-looking statements are based
on management's current expectations and assumptions about future
events and are based on currently available information as to the
outcome and timing of future events. Except as otherwise required
by applicable law, Hyzon disclaims any duty to update any
forward-looking statements, all of which are expressly qualified by
the statements in this section, to reflect events or circumstances
after the date of this press release. Hyzon cautions you that these
forward-looking statements are subject to numerous risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of Hyzon, including risks and
uncertainties described in the "Risk Factors" section of
Hyzon's Annual Report on Form 10-K/A for the year ended
December 31, 2021 filed with the U.S.
Securities and Exchange Commission (the "SEC") on March 14, 2023, and other documents filed by
Hyzon from time to time with the SEC. These filings identify and
address other important risks and uncertainties that could cause
actual events and results to differ materially from those contained
in the forward-looking statements. Hyzon gives no assurances that
Hyzon will achieve its expectations.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hyzon-motors-receives-filing-extension-from-nasdaq-301822813.html
SOURCE Hyzon Motors Inc.