Lightning Emotors, INC

Lightning eMotors has completed the sale of substantially all of its assets to GERCO LLC for $12.6 million, following court approval, with no expected distribution to shareholders.

Lightning eMotors has entered an agreement to sell substantially all of its assets for $12.6 million in cash, pending court approval, with no expected return for shareholders.

Lightning eMotors has reached a settlement in a shareholder derivative lawsuit, agreeing to corporate governance reforms and a $1.85 million payment.