secwatch.observer — SEC 8-K summary
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Issuer:     Lightning eMotors, Inc. (—)
CIK:        0001802749
Form:       8-K
Filed at:   2023-09-19T23:59:59+00:00
Accession:  0001802749-23-000122
Event type: regulatory
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lightning eMotors receives NYSE delisting notice; stock moves to OTC under ZEVY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802749/000180274923000122/0001802749-23-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802749/000180274923000122/zev-20230918.htm
  HTML page:      https://secwatch.observer/filing/0001802749-23-000122

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