Hyzon Motors Confirmed Agreement Resolving SEC Investigation; Agreed To Pay A Civil Monetary Penalty Of $25M
Portfolio Pulse from Charles Gross
Hyzon Motors Inc. (NASDAQ:HYZN) has reached a final resolution with the U.S. Securities and Exchange Commission (SEC) over a previously reported investigation. The company has agreed to pay a civil monetary penalty of $25 million in three installments. In Q2 2023, Hyzon accrued a $22 million loss contingency based on the SEC investigation.
September 26, 2023 | 9:29 pm
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Hyzon Motors has agreed to pay a $25 million penalty to resolve an SEC investigation. This could impact the company's financials and investor confidence.
The resolution of the SEC investigation with a $25 million penalty could negatively impact Hyzon's financials in the short term. This could also affect investor confidence, potentially leading to a decrease in the company's stock price.
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