Business Combination with Decarbonization Plus Acquisition Corporation

Hyzon Motors, the Leading Hydrogen Fuel Cell Heavy Vehicle Company,

Announces Business Combination with Decarbonization Plus Acquisition Corporation

  • Transaction to provide gross proceeds of up to approximately $626 million to the company, including a $400 million fully committed common stock PIPE at $10 per share, anchored by existing and new investors, including funds and accounts managed by BlackRock, the Federated Hermes Kaufmann Funds, Fidelity Management & Research Company LLC, Wellington Management and Riverstone Energy Limited
  • Proceeds to fully fund and accelerate Hyzon’s well-defined growth strategy in the hydrogen fuel cell-powered, zero-emission commercial transportation sector
  • Hyzon’s technology already commercialized with existing global footprint, and sales pipeline with blue-chip Fortune 100s and municipalities
  • Pro forma implied enterprise value of the combined company of $2.1 billion at the $10 per share PIPE price
  • Combined company Board of Directors will have deep experience in fleet mobility, automotive, electric power, and technology sectors
  • Transaction advances Hyzon’s mission of decarbonizing the commercial vehicle sector and pursuit of “Zero Emissions with Zero Compromise”
  • 100% of existing Hyzon investors to roll equity, with no secondary proceeds, demonstrating confidence in Hyzon’s long-term value proposition

Links:

Announcement Press Release

Investor Presentation

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