Hyzon Motors Inc., a U.S.-based manufacturer of high-performance hydrogen fuel cell systems, has announced a registered direct offering of 22,500,000 shares of its Class A Common Stock and warrants for the purchase of additional shares. The offering is priced at $0.20 per share with accompanying Warrants at $0.30 per share. The gross proceeds are expected to be approximately $4.5 million, which will primarily be used for working capital and general corporate purposes. The closing of the offering is anticipated to take place around July 22, 2024, and Roth Capital Partners is assisting as the exclusive placement agent. Hyzon is a global supplier of hydrogen fuel cell technology focused on providing zero-emission power for heavy-duty applications in industries looking to decarbonize. The company aims to accelerate the clean energy transition by deploying its fuel cell technology in heavy-duty commercial vehicles, particularly in Class 8 and refuse vehicles across North America. This offering signals Hyzon's commitment to advancing renewable energy solutions and underscores its strategic focus on decarbonizing demanding sectors through hydrogen-powered technology.