secwatch.observer — SEC 8-K summary
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Issuer:     Lightning eMotors, Inc. (—)
CIK:        0001802749
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001802749-24-000014
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.03, 2.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802749/000180274924000014/0001802749-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802749/000180274924000014/zev-20240223.htm
  HTML page:      https://secwatch.observer/filing/0001802749-24-000014

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