Hydrogen-truck manufacturer Hyzon Motors has been granted an extension for continued listing on The Nasdaq Capital Market until May 15, 2023, to regain compliance with listing rules.
The company, on Monday (April 3) announced the extension was granted following a hearing on March 16, 2023, where Hyzon presented a “comprehensive plan to regain compliance and requested the continued listing of its securities on The Nasdaq Capital Market pending such compliance.”
Hyzon has been in non-compliance with Nasdaq’s listing rules since August last year (2022) after it revealed it would not be issuing its Second Financial Filing by the required deadline, reporting “revenue recognition timing issues in China,” as well as other governance and compliance issues, saying it had launched an independent investigation.
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