Fuel cell startup Hyzon Motors Inc. appears in line for a cash windfall from a special purpose acquisition company (SPAC) as soon as this week. It would join a parade of electric vehicle makers and infrastructure companies getting their businesses funded by eager investors.
SPACs sometimes are called blank-check companies because investors pile in money without knowing the merger target.
Hyzon is a spinoff of Singapore’s Horizon Fuel Cell Technologies, which has sold thousands of fuel cells in...
https://www.freightwaves.com/news/fuel-cell-startup-hyzon-motors-appears-in-line-for-spac-windfall