Hyzon Motors Announces $4.5 Million Registered Direct Offering of Common Stock and Warrants to Investors.

Hyzon Motors Inc. (NASDAQ: HYZN), a U.S.-based manufacturer and global supplier of high-performance hydrogen fuel cell systems, has announced the pricing of a $4,5 million Registered Direct Offering. The Company has entered into a securities purchase agreement with certain institutional investors for the purchase and sale of 22,500,000 shares of its Class A Common Stock (“Common Stock”) and warrants to purchase 22,000,000 more shares (the “Warrants), at a combined offering price of $0.20 per share and accompanying Warrant, in a registered direct offering. The closing of the offering is expected on or about July 22, 2024. The gross proceeds from the offering are expected to be approximately $4.5 million, before deducting any placement agent fees and other offering expenses. The securities described above are being offered by the Company pursuant to a shelf registration statement on Form S-3 (File No. 333-280006) previously filed with the Securities and Exchange Commission.