Clearance Share Company Hyzon Motors announced through the merger with DCRB in Nasdaq

The transaction will provide the company with approximately $ 626 million in funds, including a common stock of $ 400 million in a total of $ 400 million per share, cornerstone investors including BLACKROCK, The Federated Hermes Kaufmann Funds, Fidelity Management Amp; Research Company LLC, Wellington Management, and RiversTone Energy Limited funds and accounts. After the transaction, the Cultural Shares will still hold Hyzon Motors 50% of the equity, and still use funds for their controlling shareholders

. Growth Strategy

Relying on the existing global layout and cooperation with the “Wealth” Blue Formation Company and the Municipal Administration to make Hyzon’s technology to achieve commercialization

with the PIPE subscription price 10 US dollars calculation, the company’s business value of $ 2.1 billion (excluding cash)

• The company’s directors consisting of rich experience in transportation, automotive, electricity and technology
• This transaction promotes Hyzon’s mission of carbon emission reduction in its commercial vehicle field, and achieves “zero-discharge” target with the determination of “zero cooperation”
• Existing investors will be 100% percentage The equity replacement indicates that the long-term value of Hyzon is full of confidence

Rochester, New York, February 10, 2021 / US News / – Clear Shares leading zero-discharge hydrogen fuel Battery Power Car Global Supplier Hyzonmotors (hereinafter referred to as “Hyzon” or “Company”) and Decarbonization Plus Acquisition Corporation (“DCRB”) (NASDAC Stock Code: DCRB) announced on February 9, both parties have merged Decompose the final agreement, after the merger is completedHyzon will become a listed company.

HYZON hydrogen fuel heavy truck model

[ 123] Hyzon is headquartered in New York, Rochester, is a unique, transportation company specializing in the hydrogen energy commercial vehicle market. The company’s verified special hydrogen fuel cell technology can realize zero emissions based on fleet operators, and performance is more competitive than traditional fuel vehicles and vehicles using other power types. By cooperating with the market leading car supplier and manufacturer, Hyzon has signed a supply agreement with end users from around the world, and has signed a supply agreement with end users around the world. Expand its business influence. With its verified technical advantages, Hyzon has strongly promoted the popularity of hydrogen fuel heavy vehicles with highly fuel cell performance and fast iterative innovation capabilities.

Hyzon CEO and Joint Founder Craig Knight said: “

We are very happy to cooperate with

DCRB, this for the company, the hydrogen energy industry and society It is an important turning point. This year we will deliver heavy-duty trucks driven by Hyzon fuel cells to customers in Europe and North America, which will lead our competitors, and our continuous sales order also proves that the world has truly realize what needs to be developed. Innovative solutions to mitigate climate change and speed up the direction of the world economy towards zero emissions. “

Mr. Guijun, chairman and joint founder, said: ” This business merge will Make us further expand the deployment of zero-discharge hydrogen fuel cell heavy vehicles, and continue to lead hydrogen energy. When the municipal authorities and “wealth” 100 strong companies quickly use hydrogen to achieve zero carbon In an important way, we feel unusually excited for the rapidly growing transportation market. Those countries in order to consolidate and strengthen their national hydrogen energy strategies are increasing almost every week, we are also interested in the hydrogen economy. The encouragement of the public.

Chairman and Riverstone Holdings LLC Partner Robert Tichio said: “We look forward to cooperating with Craig and Hyzon’s entire team to work with ‘Zero Determined to drive the company’s mission to achieve its zero emissions. As a unique, emerging leader who focuses on hydrogen power and emerging leaders in the truck industry, Hyzon is very compliant with DCRB’s investment standards, and also represents further expansion in low-carbon investment in Riverstone in 15 years. When deciding this type of investment, our goal is clear: a company that is really excellent, dedicated to the global trunk economy, and the company has to subvert a mature industry through commercial innovation technologies, and ESG principles ( The environment, society is consistent with the principle of corporate governance. Hyzon is the company we have to find.

DCRB CEO Erik Anderson added: “After assessing dozens of very promising low-carbon platforms, we are happy to announce and Hyzon Merge. Hyzon is a true, distinct company, its mature, reliable fuel cell technology and excellent market competitiveness is accelerating and leading hydrogen energy transition. We look forward to working with Craig and the entire team to help companies achieve their commitments and mission of environmental, automotive industries and investors.

Transaction Overview Assuming that DCRB’s shareholders have a minimum redemption operation, the transaction is expected to obtain approximately $ 626 million funds, which will be used to support companies. Operating and growth. This includes $ 400 million in ordinary PIPE, PIPE cornerstone investors include Blackrock, The Federated Hermes Kaufmann Funds, Fidelity Management Amp; Research Company LLC, Wellington Management and Riverstone Energy Limited ManagementFund and account. The PIPE subscription price is 10 US dollars, assuming that DCRB’s shareholders have a minimum redemption operation, and the company’s equity value is $ 2.7 billion. Hyzon’s leadership will remain unchanged, Craig Knight continues to serve as CEO of the merger, responsible for the company’s strategic deployment and expansion plan. Mr. Craig Knight will work with the current management team of Hyzon. Mergenic Board of Directors will include representatives of Hyzon and DCRB.

The transaction has been approved by Hyzon and DCRB directors. The completion of the proposed transaction depends on the customary transaction conditions, including the approval of DCRB shareholders, is expected to be completed in the second quarter of 2021.

Advisory agencies

Goldman Sachs amp; Co. LLC serves as Hyzon’s exclusive consultants and serves as the chief placement agent of DCRB PIPE. Morgan Stanley amp; Co. LLC also serves as a PIPE placing agent. Swiss credit and Citigroup serve as DCRB’s financial and capital market consultants, Alvarium Investment Advisors served as DCRB’s capital market consultants. Vinsonamp; Elkins LLP serves as a legal adviser of DCRB. Sullivanamp; Cromwell LLP serves as a legal adviser of Hyzon. ROPESAMP; Gray LLP is a legal consultant for PIPE private placement agents.