Decarbonization Plus Acquisition Corporation (DCRB) to Combine with Hyzon Motors in $2.1Bn Deal

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Decarbonization Plus Acquisition Corporation (DCRB) to Combine with Hyzon Motors in $2.1Bn Deal

Decarbonization Plus (NASDAQ:DCRB) has entered into a definitive agreement to combine with hydrogen vehicle-maker Hyzon for an enterprise value of $2.1 billion, or 10.6x its 2022E revenue. Hyzon makes hydrogen fuel cell engines for heavy trucks as a alternative to diesel power sources. This transaction is expected to close in the second quarter of 2021.
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