Hyzon Motors (US:HYZN) Prnewswire·2024-07-19 13:27Core Viewpoint - Hyzon Motors Inc. has entered into a securities purchase agreement to sell 22,500,000 shares of its Class A Common Stock and warrants, aiming to raise approximately $4.5 million for working capital and corporate purposes [1][2][9]. Group 1: Offering Details - The offering price is set at $0.20 per share and accompanying warrant, with warrants having an exercise price of $0.30 per share, immediately exercisable and expiring five years after issuance [1]. - The gross proceeds from the offering are expected to be around $4.5 million before deducting fees and expenses [2]. - Roth Capital Partners is acting as the exclusive placement agent for the offering on a best efforts basis [5]. Group 2: Company Overview - Hyzon Motors is a U.S.-based manufacturer and global supplier of high-performance hydrogen fuel cell systems, focusing on zero-emission power for decarbonizing demanding industries [1][11]. - The company is concentrating on deploying its fuel cell technology in heavy-duty commercial vehicles, particularly in Class 8 and refuse vehicles across North America [11].