Hyzon Motors Announces Receipt of Notice from Nasdaq
- Hyzon Motors announces receipt of notice from nasdaq regarding late filing of quarterly report on form 10-Q.
Hyzon Motors Inc. (NASDAQ: HYZN), announced that it has received a notice from The Nasdaq Stock Market LLC (“Nasdaq”) stating that because the Company has not yet filed its quarterly report on Form 10-Q for the period ended September 30. 2022 (the “Q3 Form 10-Q”), the Company remains in non-compliance with Nasdaq Listing Rule 5250(c) (1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the “SEC”).
As previously disclosed on Form 8-K filed with the SEC on August 18. 2022. the Company previously received a notice on August 16. 2022 from Nasdaq indicating that as a result of not having timely filed its Quarterly Report on Form 10-Q for the period ended June 30. 2022 (the “Q2 Form 10-Q” and, together with the Q3 Form 10-Q, the “Forms 10-Q”), the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1).
The current notice will have no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Select Market, although there can be no assurances that further delays in the filing of the Forms 10-Q will not have an impact on the listing or trading of the Company’s common stock.
Nasdaq indicated that the Company must: (i) no later than December 1. 2022. submit an update to its original plan to regain compliance with respect to the filing requirement; (ii) on or before January 16. 2023. submit a summary of the Company’s previously announced internal investigation; and (iii) on or before February 13. 2023. file the delinquent Forms 10-Q. The Company intends to file the delinquent Forms 10-Q as soon as practicable.