Lightning eMotors Inc.

ZEV
Shafer v. Lightning eMotors, Inc et al., (Case No. 1:21-cv-02774), D. Colo.

After the market closed on August 16, 2021, Lightning eMotors announced financial results for the second quarter ended June 30, 2021, including a net loss per share of $0.79 compared to a loss of $0.10 in the second quarter of 2020.  The Company also pulled its full year financial guidance for the remainder of 2021, just days after announcing a multi-year agreement with Forest River, a Berkshire Hathaway company. Lightning eMotors started trading on the NYSE on May 7, 2021 following a de-SPAC transaction with GigCapital3.

On this news, shares of Lightning eMotors stock fell 16% in intraday trading on August 17, 2021.

Lead Plaintiff deadline
December 14, 2021
class period
May 7, 2021
to
August 16, 2021
Case Documents
No documents available. Contact us if you need a case document.