We are investigating whether Hyzon Motors Inc. (Nasdaq: HYZN) (“Hyzon”) has violated federal securities laws. If you suffered losses as a result of HYZN’s recent stock drops, and have questions about your legal rights, please contact us using the form below to discuss your options at no charge.
Why is there an investigation?
On September 28, 2021, Blue Orca Capital issued a report alleging that “Hyzon’s supposed major customers are a fake-looking Chinese shell company incorporated three days before the deal announcement and a tiny New Zealand startup which told us they are not really a customer.”
On January 12, 2022, Hyzon announced that it received a subpoena from the Securities and Exchange Commission (SEC) for production of documents and information, and that the request relates to allegations made in Blue Orca Capital’s report.
Since the Blue Orca Capital report was released, HYZN’s stock price has dropped from $9.21 at the close on September 27, 2021, to $6.81 at the close on January 11, 2022. In trading on January 12, 2022, following the announcement of the SEC probe, HYZN’s price had dropped nearly 10% as of 12:00 P.M. ET.