ZEV - Lightning eMotors enters $50M pre-paid advance agreement
2023-05-17 08:25:16 ET
- Lightning eMotors ( NYSE: ZEV ) enters into a $50M pre-paid advance agreement with an investment fund managed by Yorkville Advisors Global L.P.
- The company may request advances of up to $2M from Yorkville, which will be purchased by Yorkville at 92% of the face amount with an aggregate limitation on the pre-paid advances of $50M over an 18-month period.
- Stock price has surged 3.2% pre-market on Wednesday.
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Lightning eMotors enters $50M pre-paid advance agreement