HYZN - Nasdaq notifies Hyzon Motors of suspension of shares warrants from trading

• Hyzon Motors ( NASDAQ: HYZN ) said Nasdaq has notified the heavy-duty vehicles supplier that unless it requests an appeal, the trading of its class A common stock and warrants will be suspended from the stock exchange, effective opening of business on Feb. 14.
• The company plans to appeal the stock exchange's determination by Feb. 10, and request a hearing before the Nasdaq Hearings Panel.
• The request for hearing regarding a so-called delinquent filing automatically stays the delisting process for 15 days from the date of the request, according to Nasdaq's listing rules.
• However, HYZN intends to request a stay of the suspension of its securities pending the hearing, which is typically scheduled to occur ~30-45 days after the date of the hearing request.
• Nasdaq's determination is based on a Jan. 30 notice by the company that it will not file its quarterly reports on Form 10-Q for the periods ended Jun. 30 and Sep. 30, on or before Feb. 13.
• HYZN shares were trading -5.00% pre-market.
• Source: Press Release

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