Lightning eMotors, Inc.: Nasdaq/NYSE listing notice — Lightning eMotors receives NYSE delisting notice; stock moves to OTC under ZEVY

Lightning eMotors, Inc.

NYSE decided to suspend trading and delist due to average global market cap below $15M over 30 days.
Common stock and warrants now trade OTC under symbols ZEVY and ZEVYW as of Sept 19, 2023.
If delisting occurs, holders of 7.5% convertible notes due 2024 can require repurchase at 100% principal.
Entered waiver with Yorkville for default under prepaid advance; agreed to prepay $200K of $400K plus $14K premium.

item 1.01 item 3.01 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 0.98

Lightning eMotors, Inc. received a nyse delisting notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: delisting notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

September 18, 2023, Lightning eMotors, Inc. (the “Company”) received written notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) indicating that the staff has determined to suspend trading immediately and commence proceedings to delist the shares of common stock and the redeemable warrants of the Company from the NYSE. The decision was reached by the NYSE staff under Section 802.01B of the NYSE Listed Company Manual because the Company had fallen below the NYSE’s continued listing standard requiring listed companies to maintain an average global market capitalization of at leas

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Source: SEC EDGAR

accession 0001802749-23-000122

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