Decarbonization Plus Sets Vote Date on Hyzon Motors Acquisition

Decarbonization Plus
LEAD Technologies Inc. V1.01

Decarbonization Plus Acquisition filed a definitive proxy on its business combination with Hyzon Motors, a supplier of zero-emission, hydrogen fuel cell-powered commercial vehicles, and set a July 15 meeting date for shareholders to vote on the merger.

Announced in February, the transaction provides gross proceeds of up to approximately $626 million to the company, including a $400 million fully committed common stock PIPE at $10 per share, anchored by existing and new investors, including funds and accounts managed by BlackRock, the Federated Hermes Kaufmann Funds, Fidelity Management & Research Company, Wellington Management and Riverstone Energy.

The pro forma implied enterprise value of the combined company would be $2.1 billion. Read more.

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