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Hydrogen Vehicle Maker Hyzon Raises $626 Million in SPAC IPO

Hydrogen fuel cell-powered vehicle maker Hyzon has agreed to combine with a blank-check company in a reverse merger that values Hyzon at more than $2 billion. ....

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Fuel-cell truck maker Hyzon to go public via $2.7 billion SPAC deal

Hyzon Motors Inc has agreed to go public through a merger with blank-check firm Decarbonization Plus Acquisition Corp in a deal that values the fuel-cell truck startup at $2.7 billion, it said on Tuesday. ....

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Hydrogen truck player Hyzon is going public at $2.7 billion valuation

Hyzon Motors, the hydrogen fuel cell truck and bus startup, is going public via reverse merger with a special purpose acquisition company.Driving the news: Hyzon is merging with Decarbonization Plus Acquisition Corp. in a deal that values the New York-based startup at $2.7 billion.Get smarter, faster with the news CEOs, entrepreneurs and top politicians read. Sign up for Axios Newsletters here.Why it matters: The 2020 craze of electric and hydrogen transportation startups going public is continuing in 2021. And it's the latest sign of investors betting on commercial fleet buyers to eventually buy lots and lots of electric and hydrogen-powered big trucks.The details: The deal will provide the company with $626 million in proceeds to fuel its expansion, the announcement states. New and existing investors include BlackRock, Federated, Fidelity, Wellington and Riverstone Energy Limited.It comes after the multinational oil-and-gas giant Total SE invested in Hyzon last year.Hyzon CEO Cr ....

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Fuel-Cell Truck Startup Hyzon Agrees to Merge With Decarbonization Plus SPAC

(Bloomberg) Hyzon Motors Inc., a fuel-cell truck startup, has agreed to go public via a merger with Decarbonization Plus Acquisition Corp., according to people with knowledge of the matter. ....

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Fuel-Cell Truck Startup Hyzon Said to Merge with Decarbonization Plus SPAC

Fuel-Cell Truck Startup Hyzon Said to Merge with Decarbonization Plus SPAC
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December 11, 2020
December 11, 2020
Hyzon Motors Inc., a fuel cell truck startup, has agreed to go public via a merger with Decarbonization Plus Acquisition Corp., according to people with knowledge of the matter.
The special purpose acquisition company has held discussions about raising new equity to support the transaction that values the combined entity at more than $2 billion, some of the people said, requesting anonymity because the talks are private. A deal could be announced within the next week.
Representatives for Hyzon and Decarbonization Plus declined to comment. Shares of the SPAC pared a gain of as much as 26% in early trading Friday, trading up 18% to $16.25 as of 10:22 a.m. in New York. ....

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