secwatch.observer — SEC 8-K summary
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Issuer:     Lightning eMotors, Inc. (—)
CIK:        0001802749
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0001802749-22-000086
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lightning eMotors gets NYSE notice for average price below $1.00; considers reverse split
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802749/000180274922000086/0001802749-22-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802749/000180274922000086/zev-20221214.htm
  HTML page:      https://secwatch.observer/filing/0001802749-22-000086

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer