Sullivan & Cromwell LLP Logo
  • Home
  • Lawyers
  • Practices
  • Insights
  • About
  • Careers
  • Alumni
  • Client
© 2023 Sullivan & Cromwell LLP
    Home /  About /  News And Events /  Client Highlights
    Client Highlights

    S&C Advises Hyzon Motors in $2.1 billion SPAC Deal

    • Our Lawyers
    • Related Practices
    February 17, 2021

    Hyzon Motors Inc. has agreed to merge with Decarbonization Plus Acquisition Corporation, a special purpose acquisition company (SPAC), in a $2.1 billion deal that will take Hyzon public. The transaction is anticipated to generate approximately $626 million in gross proceeds for Hyzon, including a $400 million PIPE investment in connection with the deal. S&C is advising Hyzon on both the merger and the PIPE transaction.
     
    Hyzon is developing heavy trucks that run on ecofriendly hydrogen fuel cells instead of traditional gasoline or diesel. The company expects to begin deliveries this year to North American and European clients, with orders lined up from municipalities and Fortune 100 companies.
     
    The S&C team advising on the transaction includes Scott Miller, Bob Downes and Benjamin Goodchild. Jeannette Bander advised on executive compensation matters. Davis Wang advised on tax-related matters. Mehdi Ansari and Justin Orr advised on intellectual property matters. Matthew Brennan advised on environmental matters.

    Read More
    Stay Updated

    Subscribe to stay current on S&C Insights.

    Our Lawyers

    Our Lawyers

    Mehdi Ansari Headshot Photo
    Mehdi Ansari
    New York
    +1-212-558-4314
    Email
    vCard
    Jeannette E. Bander Headshot Photo
    Jeannette E. Bander
    New York
    +1-212-558-4000
    Email
    vCard
    Matthew J. Brennan Headshot Photo
    Matthew J. Brennan
    New York
    +1-212-558-4724
    Email
    vCard
    Robert W. Downes Headshot Photo
    Robert W. Downes
    New York
    +1-212-558-4312
    Email
    vCard
    Scott D. Miller Headshot Photo
    Scott D. Miller
    New York
    +1-212-558-3109
    Email
    vCard
    Davis J. Wang Headshot Photo
    Davis J. Wang
    New York
    +1-212-558-4000
    Email
    vCard
    Read More

    Related Practices

    • Capital Markets
    • Energy Transition
    • Executive Compensation
    • Intellectual Property & Technology Transactions
    • Mergers & Acquisitions
    • SPACs
    • Tax
    Sullivan & Cromwell LLP Logo
    • Home
    • Contact Us
    • Sitemap
    • Information Policy Relating to Cookies
    • Privacy Policy
    • California Privacy Policy
    • Web Site Notice
    • Attorney Advertising Notice
    © 2023 Sullivan & Cromwell LLP