DCRB - Hyzon Motors - DD (February 2021)
DCRB & DCRBW
- Current price: 15.58 (equity), 4.39 (warrants)
- O/S: 20M
- Trust cash: USD 200M
- SPAC website: dcrbplus.com
- Base: US (California)
Target details:
- Implied market cap @ 10/share: USD $2.7B
- Total cash after trust + pipe: $626M
- US based - New York
- O/S after acquisition: 270M
- Target Website: hyzonmotors.com
- Target announcement: dcrbplus.com/news/news-details...
- Merger completion (estimated): Q2-2021
- Investor Presentation: sec.report/Document/0001193125...
- About: Utilizing its proven and proprietary hydrogen fuel cell technology, Hyzon will produce zero emission heavy duty trucks and buses for customers across North America, Europe, Asia and Australia.
Hotness: - Partners with several big names, including Total (France), Coca Cola, Ikea.
- 2021 backlog of $40M in revenue
- 200K square foot building in New York and Netherlands, took over GM Fuel Cell plant in New York
- Will produce its own fuel cells (this will likely be separate technology play for them)
- 2023 revenue est 1B
- Delivering a few vehicles in 2021
Questions/Risks: - Hydrogen distribution remains impediment, though I know big strides are happening
- This looks a lot like Nikola (sexy hydrogen trucks) on the surface, so that stigma will be there, though likely unwarranted
- I was a bit confused on their 500 "powered" vehicle language (it had a footnote), then delivering 85 vehicles in 2021.
Decarbonization Plus Acquisition Corp - DCRB
| Total Followers: | 0 |
|
|
|
| Follow | |