Hyzon Motors officially went public on July 16, 2021, through a business combination with a Special Purpose Acquisition Company (SPAC).
Hyzon Motors' Public Listing Details
Hyzon Motors became a publicly-traded entity on July 16, 2021. This significant event was realized by concluding a business combination with Decarbonization Plus Acquisition Corp., a publicly-listed Special Purpose Acquisition Company (SPAC). At the completion of this merger, Decarbonization Plus Acquisition Corporation officially changed its name to Hyzon Motors Inc., signifying its formal entry into the public stock market.
Key Public Listing Timeline
The transition of Hyzon Motors to a publicly-traded company involved a specific key event:
| Event | Date |
|---|---|
| Business Combination Concluded | July 16, 2021 |
| Decarbonization Plus Acquisition Corp. Renamed to Hyzon Motors Inc. | July 16, 2021 |
| Official Public Trading Commencement | July 16, 2021 |
Understanding the SPAC Process
The method Hyzon utilized to go public is known as a SPAC merger, which serves as an alternative to a traditional Initial Public Offering (IPO). A SPAC is essentially a shell company that raises funds from investors with the specific intention of acquiring or merging with a private operating company. This process allows the acquired private company to become publicly traded more efficiently and often more quickly than through a conventional IPO, providing a streamlined pathway to the stock market.
