Lightning eMotors effects 1-for-20 reverse stock split effective April 27, 2023

Lightning eMotors, Inc.

Every 20 shares of common stock will convert into 1 share; no fractional shares issued; cash in lieu.
Authorized shares unchanged at 250M; par value remains $0.0001; CUSIP new 53228T 200.
Outstanding warrants adjusted: approx. 749,998 shares total, exercise price $230.00 per whole share.
Stock continues to trade on NYSE under symbol ZEV; split effective 5 p.m. ET April 27.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Lightning eMotors, Inc.: Effected a 1-for-20 reverse stock split of common stock by filing a Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation (effective 2023-04-27).

Change: charter amendment
Effective: 2023-04-27

Exact text from the filing

On April 24, 2023, Lightning eMotors, Inc. (the “Company”) filed with the Secretary of State of the State of Delaware a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Second Amended and Restated Certificate of Incorporation to effect a 1-for-20 reverse stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding shares of common stock, par value $0.0001 per share (the “Common Stock”), effective as of 5:00 p.m. Eastern Time on April 27, 2023.

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Source: SEC EDGAR

accession 0001802749-23-000040

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