secwatch.observer — SEC 8-K summary
======================================

Issuer:     Lightning eMotors, Inc. (—)
CIK:        0001802749
Form:       8-K
Filed at:   2023-12-18T23:59:59+00:00
Accession:  0001802749-23-000143
Event type: regulatory
Sentiment:  negative
Materiality: 1.00
Item codes: 1.03, 2.04, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Lightning eMotors placed into receivership; all directors resign; shareholders unlikely to recover
--------------------------------------------------------------------------------

- Colorado court appointed Cordes & Company as receiver on Dec 15, 2023; receiver can sell all assets and distribute proceeds to creditors.
- Shareholders will not receive any distributions from the receivership.
- All seven board members resigned, including Chairman Robert Fenwick-Smith, due to the receiver appointment.
- Receiver's appointment triggers default under senior notes and other financing arrangements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802749/000180274923000143/0001802749-23-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802749/000180274923000143/zev-20231215.htm
  HTML page:      https://secwatch.observer/filing/0001802749-23-000143

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