Hyzon Motors (HYZN) Stock Plunges 50% on Share Offering. What's Going On?

As part of the agreement, investors will purchase 22.5 million shares of HYZN and warrants to purchase 22.5 million shares of HYZN at a combined offering price of 20 cents per share. The warrants have an exercise price of 30 cents per share and can be immediately exercised with an expiration date five years after issuance. Hyzon Announces Registered Direct Offering That resulted in Hyzon raising substantial doubt about its ability to continue as a going concern for the next 12 months. On Penny Stocks and Lo ...