HYZON MOTORS REGAINS COMPLIANCE WITH NASDAQ MINIMUM BID PRICE REQUIREMENT

Hyzon’s stock will continue to be listed and traded on The Nasdaq Capital Market

Hyzon Motors Inc. (NASDAQ: HYZN) (Hyzon or the Company), a high-power hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), today announced it received a formal notice from The Nasdaq Stock Market LLC (Nasdaq) notifying Hyzon that it has successfully regained compliance with the $1.00 per share minimum bid price requirement pursuant to Nasdaq Listing Rule 5450(a)(1) and that the matter is now closed.

The minimum bid price requirement was met on July 25, 2023, the tenth consecutive trading day when the closing bid price of the Company’s common stock was more than $1.00. Hyzon’s stock will continue to be listed and traded on The Nasdaq Capital Market.

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