Lightning eMotors, Inc.: Nasdaq/NYSE listing notice — Lightning eMotors gets NYSE notice for average price below $1.00; considers reverse split

Lightning eMotors, Inc.

NYSE notice dated Dec. 14, 2022, citing average closing price <$1.00 over 30 trading days ended Dec. 9, 2022.
Company has six months to cure; can regain compliance if stock closes at or above $1.00 on last trading day of any month.
Options include a reverse stock split, subject to stockholder approval at next annual meeting if needed.
Listing not immediately affected; business operations and SEC reporting requirements unchanged.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Lightning eMotors, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

December 14, 2022, Lightning eMotors, Inc., or the Company, received a written notice from the New York Stock Exchange, or the NYSE, that it was not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE’s Listed Company Manual, as the average closing price of the Company’s common stock was less than $1.00 per share over a consecutive 30 trading-day period ended December 9, 2022. The notice has no immediate impact on the listing of the Company’s common stock on the NYSE, subject to the Company’s compliance with the NYSE’s other continued listing requirements

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Source: SEC EDGAR

accession 0001802749-22-000086

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