Why SPAC Decarbonization Plus Acquisition Stock Is Higher Today

Shares of Decarbonization Plus Acquisition (NASDAQ: DCRB), a special purpose acquisition company (SPAC), were trading sharply higher on Monday morning. Bloomberg reported last week that the SPAC has struck a deal to merge with Hyzon Motors, a fuel cell truck start-up.

As of 10:45 a.m. EST, Decarbonization Plus' shares were up about 12.9% from Friday's closing price.

A bus powered by Hyzon's hydrogen fuel cells. Image source: Hyzon.

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Source Fool.com