Hyzon, a U.S.-based hydrogen fuel cell system manufacturer, announced a reverse stock split to meet the minimum bid price requirement of $1.00 per share for continued listing on The Nasdaq Capital Market. The 1-for-50 reverse stock split will become effective on September 11, 2024. This strategic move aims to ensure Hyzon's compliance with NASDAQ listing regulations. The reverse stock split will uniformly affect all stockholders, reducing the outstanding shares from around 272.5 million to approximately 5.5 million. Additionally, the authorized shares of Class A common stock will be proportionally reduced from 1 billion to 20 million. To comply with the split, no fractional shares will be issued; instead, stockholders entitled to such shares will receive a cash payment. The Company's publicly-traded warrants will continue to be traded under the symbol 'HYZNW'. Continental Stock Transfer and Trust Company will serve as the exchange agent for the reverse stock split, guiding stockholders on the process of exchanging physical certificates for split-adjusted shares. Hyzon, known for its focus on providing zero-emission power to decarbonize industries, is leveraging hydrogen fuel cell technology for heavy-duty applications in commercial vehicles and stationary power sectors. Its efforts align with the global push towards sustainability and clean energy transition.