Page 2 - Decarbonization Plus News Today

Feb 9, 2021 9:01 AM EST Hyzon agreed to go public by merging with blank-check company Decarbonization Plus, a deal that values the fuel-cell startup at about $2 billion.  The Rochester, N.Y., company will receive as much as $626 million of proceeds from the transaction, including $400 million from a private investment in public equity, or PIPE, at $10 a share, the companies said in a statement.  The pro-forma equity value of the deal at $10 a share is $2.7 billion.  The companies expect the...

It's reportedly close to a merger with an electric truck maker.

(Bloomberg) -- Hyzon Motors Inc., a fuel-cell truck startup, has agreed to go public via a merger with Decarbonization Plus Acquisition Corp., according to people with knowledge of the matter.

Fuel-Cell Truck Startup Hyzon Said to Merge with Decarbonization Plus SPAC Related Stories December 11, 2020 December 11, 2020 Hyzon Motors Inc., a fuel cell truck startup, has agreed to go public via a merger with Decarbonization Plus Acquisition Corp., according to people with knowledge of the matter. The special purpose acquisition company has held discussions about raising new equity to support the transaction that values the combined entity at more than $2 billion, some of the people said,...