Hyzon Motors Realigns Priorities, Looks for Strategic Options -- Shares Jump After Hours

MT Newswires Live06-25

Hyzon Motors (HYZN) said late Monday it will realigning its priorities after a comprehensive review and will focus on core North American markets and the refuse industry.

Hyzon hired PJT Partners as financial advisor to lead capital-raise efforts, via capital markets deals or sale of the company, among others.

The strategic options may also include divestiture of Europe and Australia and New Zealand businesses and units, Hyzon said.

The company will "continue to focus on cost reduction efforts and managing liquidity, including a reduction in work force or other strategic transactions and/or measures."

Hyzon shares were rising past 7% in recent after-hours activity.

Price: 0.3900, Change: +0.03, Percent Change: +7.17

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