Lightning eMotors Inc.

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
August 16, 2021
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