The Notice had no immediate effect on the listing of the Company's common stock, par value $0.0001 per share (the "Common Stock"), which has traded on The Nasdaq Global Select Market under the symbol "HYZN." In accordance with the Compliance Period Rule, the Company has 180 calendar days to regain compliance. If, at any time before the end of this 180-day period, or through July 22, 2024, the closing bid price of the Common Stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, subject to the Staff's discretion to extend this period pursuant to Nasdaq Listing Rule 5810(c)(3)(H), the Staff will provide written notification that the Company has achieved compliance with the Bid Price Rule. The Company has not yet achieved compliance with the Bid Price Rule. Pursuant to Nasdaq Marketplace Rule 4450(i), on July 5, 2024, the Company applied to transfer the listing of its Common Stock from The Nasdaq Global Select Market to The Nasdaq Capital Market.