Hyzon Motors Inc., a company once celebrated for its strides in the hydrogen fuel cell arena, is now at a crossroads.
On Thursday, the board of directors approved, pending stockholder consent, the transfer of nearly all of the company’s assets, coupled with a plan for liquidation and dissolution, according to a filing with the Securities and Exchange Commission. The move comes as Hyzon continues to explore strategic alternatives aimed at maximizing its business and asset values.
Despite efforts...
https://www.freightwaves.com/news/hyzon-plans-to-liquidate-business