Hyzon, a U.S.-based hydrogen fuel cell system manufacturer, has taken a strategic step to ensure its continued listing on the Nasdaq Capital Market. The company's Board of Directors and stockholders have greenlighted a 1-for-50 reverse stock split of its Class A common stock to address the minimum bid price requirement for Nasdaq listing. This move is set to come into effect on September 11, 2024, with the aim of boosting the bid price of Hyzon's Class A common stock to comply with the $1.00 per share threshold. The reverse stock split will see the outstanding shares decrease significantly from around 272.5 million to approximately 5.5 million, and the authorized shares will be proportionally reduced from 1 billion to 20 million. The initiative is intended to improve shareholder value and does not impact the ownership percentage of existing stockholders, except for potential fractional share holdings. In such cases, stockholders will receive a cash payment instead of fractional shares. Additionally, the reverse stock split will entail adjustments to options, warrants, and other securities tied to Hyzon's Class A common stock. Continental Stock Transfer and Trust Company will oversee the exchange process for stockholders holding physical stock certificates to convert them into split-adjusted shares. The company's publicly-traded warrants will remain unaffected by the split. Hyzon, as a global provider of high-performance hydrogen fuel cell technology, is committed to delivering zero-emission power solutions to industries aiming for decarbonization. By focusing on heavy-duty applications, Hyzon is driving the adoption of hydrogen as a clean energy source in various sectors, including commercial transportation and stationary power applications.