Lightning eMotors Inc. (ZEV)

Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Lightning eMotors Inc. (“Lightning eMotors” or the “Company”) (NYSE: ZEV). The investigation concerns whether Lightning eMotors and certain of its officers and/or directors have violated federal securities laws.

 

Lightning eMotors’ stock began trading on the New York Stock Exchange on May 7, 2021 following a de-SPAC transaction with GigCapital3.  Then, on August 16, 2021, Lightning eMotors announced the Company’s financial results for the second quarter of 2021, including a net loss per share of $0.79 compared to a loss of $0.10 in the second quarter of 2020.  The Company also pulled its full year financial guidance for the remainder of 2021, just days after announcing a multi-year agreement with Forest River, a Berkshire Hathaway company.  On this news, Lightning eMotors’ stock price fell $1.63 per share, or 16.93%, to close at $8.00 per share on August 17, 2021.

 

If you are aware of any facts relating to this investigation, or purchased Lightning eMotors shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.