UPDATE: JPMorgan Double Downgrades Hyzon Motors Inc (HYZN) to Underweight
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Go back to UPDATE: JPMorgan Double Downgrades Hyzon Motors Inc (HYZN) to Underweight
August 5, 2022 1:03 PM EDT
Hyzon Motors (NASDAQ: HYZN) shares plunged over 40% Friday following a filing by the company aftermarket Thursday that revealed the company's Board of Directors hired an independent outside counsel and other advisors to assist in an investigation into the company's China operations.
The announcement came as the second part of a press release stating the company had entered into a Stock Purchase Agreement with Holthausen Clean Technology Investments to acquire 735,000 shares of stock that Holthausen holds in Hyzon Motors... More
August 5, 2022 7:41 AM EDT
Hyzon Motors (NASDAQ: HYZN) disclosed:
On May 5, 2022, Hyzon Motors Inc. (the Company) entered into a Stock Purchase Agreement with Holthausen Clean Technology Investments B.V. (Holthausen) and certain other sellers whereby the Company agreed to acquire 735,000 shares of stock that Holthausen holds in Hyzon Motors Europe B.V., a joint venture operated by the Company and Holthausen, for 27 million. These shares represented approximately 25% of the issued and outstanding stock of Hyzon Motors Europe B.V. As a result of the transaction,... More
