Lightning eMotors needs additional cash to continue as going concern

Chicago, Nov. 20 – Lightning eMotors, Inc. needs to attain and maintain profitable operations or raise cash to continue as a going concern, according to a press release.

The company may seek to raise additional capital from equity offerings, debt financings or other capital markets transactions, collaborations, strategic partnerships or licensing arrangements.

Without the necessary funding or strategic transaction, the company will be required to liquidate inventory, cease or curtail operations, or seek protection under applicable bankruptcy laws.

Lightning eMotors is a Loveland, Colo.-based provider of zero emission medium-duty commercial vehicles and electric vehicle technology for fleets.

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