NEW YORK, NY / ACCESSWIRE / August 8, 2022 / Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Hyzon Motors, Inc. ('Hyzon' or the 'Company') (NASDAQ:HYZN).
If you suffered losses exceeding $50,000 investing in Hyzon stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/HYZN.
There is no cost or obligation to you.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
After the market closed on August 4, 2022, Hyzon Motors disclosed in a SEC filing that, 'the Company's Board of Directors appointed a committee of independent board members to investigate, with the assistance of independent outside counsel and other advisors, certain issues regarding revenue recognition timing and internal controls and procedures, primarily pertaining to its China operations.' The Company further announced that, 'Due to the ongoing investigation, the Company will be unable to file its Form 10-Q for the quarter ended June 30, 2022 by August 15, 2022, the due date for filing, and does not have an anticipated filing date at this time.'
Following this news, when trading of Hyzon Motors opened on August 5, 2022, the price of the shares fell $1.71 per share, or 38.1%, to close at $2.78 per share.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
SOURCE: Faruqi & Faruqi, LLP
View source version on accesswire.com: