Loading...
Loading...
heat-rises-for-hyzon
© Hyzon Motors
heat-rises-for-hyzon
© Hyzon Motors

Heat rises for Hyzon

Following financial concerns at Hyzon Motors, a US law firm has said it is now investigating potential claims relating to securities law violations and unlawful business practices on behalf of Hyzon shareholders.

According to San Francisco-based Schubert Jonckheer & Kolbe (SJK) LLP a class action lawsuit filed in the Delaware Court of Chancery alleges that the proxy statement issued by Decarbonisation Plus Acquisition Corporation (DPAC) to obtain shareholder approval of the de-SPAC transaction contained false and misleading information about Hyzon’s project vehicle sales and revenues.

In a statement, SJK said the hydrogen-powered truck manufacturer was formed “in or about” July 2021, in a de-SPAC (merger to go public) transaction, between Hyzon Motors, Inc. and DPAC.

Read more: Hyzon Motors to go public through $2.7bn SPAC deal

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...