Benzinga | Jul 15, 2021 04:17PM EDT

Decarbonization Plus Acquisition Corporation Announces Stockholder Approval of Business Combination with Hyzon Motors

Decarbonization Plus Acquisition Corporation (NASDAQ:DCRB) ("DCRB"), a publicly-traded special purpose acquisition company, today announced that its stockholders voted to approve the previously announced business combination with Hyzon Motors Inc. ("Hyzon"), and all other proposals presented at DCRB's special meeting of stockholders (the "Special Meeting") held on July 15, 2021.

Approximately 95% of the votes cast on the business combination proposal at the Special Meeting were in favor of approving the business combination. DCRB plans to file the results of the Special Meeting, as tabulated by an independent inspector of elections, on a Form 8-K with the Securities and Exchange Commission (the "SEC") today.

Subject to the satisfaction or waiver of the other customary closing conditions, the business combination is expected to close on July 16, 2021 and DCRB will change its name from "Decarbonization Plus Acquisition Corporation" to "Hyzon Motors Inc." Hyzon Motors Inc.'s Class A common stock and Hyzon Motors Inc.'s warrants are expected to commence trading on The Nasdaq Global Select market under the symbols "HYZN" and "HYZNW", respectively, on July 19, 2021.