US SEC settles fraud charges against Hyzon Motors over misleading investors

Hyzon Motors

26/09/2023 22:07

WASHINGTON, Sept 26 (Reuters) - The U.S. Securities and
Exchange Commission said on Tuesday it settled fraud charges
against Hyzon Motors  HYZN.O  of misleading investors.
    The company, a maker of hydrogen fuel cell electric
vehicles, was charged with misleading investors about its
business relationships and vehicle sales before and after a July
2021 merger with a publicly traded special purpose acquisition
company, or SPAC. 
    The SEC also charged Craig Knight, Hyzon's former CEO, and
Max Holthausen, former managing director of Hyzon's European
subsidiary, for their roles in the fraudulent scheme, it said in
a statement.

 (Reporting by Kanishka Singh in Washington; Editing by Leslie
Adler)
 ((Kanishka.Singh@thomsonreuters.com; +12024508248;))