---
schema_version: "secwatch.filing_event.v1"
accession: "0001802749-24-000014"
form_type: "8-K"
ticker: null
cik: "0001802749"
company_name: "Lightning eMotors, Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:16:34.970538+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Lightning eMotors sells assets for $12.6M in receivership; shareholders receive no distribution

## Summary
- Asset sale to GERCO LLC closed Feb 23, 2024 for $12.6M cash.
- Court approved the sale on Feb 16, 2024, free of all liens.
- Proceeds net of expenses go to creditors per court order; shareholders get nothing.
- Purchaser will not continue the zero-emission vehicle business.

## SEC filing metadata
- accession: 0001802749-24-000014
- form_type: 8-K
- cik: 0001802749
- company_name: Lightning eMotors, Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802749/000180274924000014/0001802749-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802749/000180274924000014/zev-20240223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001802749-24-000014
- JSON: https://secwatch.observer/filing/0001802749-24-000014.json
- Plain text: https://secwatch.observer/filing/0001802749-24-000014.txt

## Key facts
- Distress & Bankruptcy
  Lightning eMotors, Inc. entered receivership in District Court of Larimer County, State of Colorado (petition 2024-01-23).
  - Proceeding: receivership
  - Court: District Court of Larimer County, State of Colorado
  - Petition: 2024-01-23
  source text: on January 23, 2024, Cordes & Company, in its capacity as receiver (the “Receiver”) over Lightning eMotors, Inc. and its wholly owned subsidiary, Lightning Systems, Inc. (together, the “Company”), entered into an Asset Purchase Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802749/000180274924000014/0001802749-24-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.