Hyzon, a US-based high-performance hydrogen fuel cell system manufacturer, has announced a 1-for-50 reverse stock split of its Class A common stock to meet Nasdaq's minimum bid price requirement. The split, effective on September 11, 2024, aims to ensure continued listing on The Nasdaq Capital Market under the symbol 'HYZN'. The reverse stock split will reduce outstanding shares from 272.5 million to 5.5 million without altering stockholder ownership percentage. Fractional shares will result in cash payments based on the closing price. Additionally, all outstanding options, warrants, and similar securities will undergo proportional adjustments. Hyzon's transfer agent, Continental Stock Transfer and Trust Company, will facilitate the exchange process for stockholders. The company emphasizes its focus on zero-emission power to decarbonize demanding industries with hydrogen fuel cell technology. Hyzon targets heavy-duty commercial vehicles and refuse collection vehicles in North America, along with stationary power applications. The company's forward-looking statements highlight its strategies and expectations for the future, emphasizing the goal to continue as a going concern and the importance of capital structure improvement.