Hyzon Motors Receives Additional Staff Determination From Nasdaq Regarding Q1 2023 Form 10-Q
Portfolio Pulse from Benzinga Newsdesk
Hyzon Motors (NASDAQ:HYZN) received a Second Additional Staff Determination from Nasdaq due to not filing its Q1 2023 Form 10-Q, resulting in non-compliance with Nasdaq's Listing Rules. Hyzon has until May 24, 2023, to present its views on the deficiency, and the Nasdaq Hearings Panel granted an extension to file the Q1 2023 Form 10-Q by June 7, 2023.
May 23, 2023 | 8:23 pm
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Hyzon Motors faces potential delisting from Nasdaq due to non-compliance with Listing Rules after not filing its Q1 2023 Form 10-Q.
Hyzon Motors' failure to file its Q1 2023 Form 10-Q puts the company at risk of delisting from Nasdaq, which could negatively impact its stock price. The granted extension until June 7, 2023, provides some relief, but the uncertainty surrounding the situation may still cause short-term downward pressure on the stock.
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