Brief: Hyzon Motors Confirms Agreement Resolving SEC Investigation, To Pay Penalty Of $25 Mln

Hyzon Motors

26/09/2023 22:30

Sept 26 (Reuters) - Hyzon Motors Inc  HYZN.O :
    * HYZON MOTORS CONFIRMS AGREEMENT RESOLVING SEC
INVESTIGATION
    * HYZON MOTORS INC - IN Q2 2023, HYZON ACCRUED A $22 MILLION
LOSS
CONTINGENCY, BASED UPON MANAGEMENT’S ASSESSMENT OF THE SEC
INVESTIGATION
    * HYZON MOTORS- WITHOUT ADMITTING OR DENYING ALLEGATIONS IN
COMMISSION'S COMPLAINT, CO CONSENTED TO ENTRY OF FINAL JUDGMENT
    * HYZON MOTORS INC- WITHOUT ADMITTING OR DENYING ALLEGATIONS
IN
SEC'S COMPLAINT, HYZON HAS AGREED TO PAY A CIVIL MONETARY
PENALTY OF $25 MILLION
    * HYZON MOTORS INC- FORMER CEO KNIGHT AND MARK GORDON,
FORMER CFO,
A FORMER DIRECTOR, VOLUNTARILY RETURNED $252,000 AND $122,500,
RESPECTIVELY, TO CO
    * HYZON MOTORS INC- IN Q2 OF 2023, HYZON ACCRUED A $22
MILLION
LOSS CONTINGENCY, BASED UPON MANAGEMENT'S ASSESSMENT OF SEC
INVESTIGATION

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