ZEV - Lightning eMotors launches 1-for-20 reverse stock split
2023-04-24 16:25:29 ET
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Lightning eMotors ( NYSE: ZEV ) said Monday its board approved a 1-for-20 reverse stock split.
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Shares -6.8% at 31 cents after hours.
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Beginning on April 28, 2023, the company’s common stock with the ticker symbol “ZEV” will trade on the NYSE on a split-adjusted basis under the new CUSIP 53228T 200.
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No fractional shares will be issued in connection with the reverse stock split.
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Stockholders who otherwise would be entitled to receive fractional shares will automatically be entitled to receive a cash payment equal to the value of the fractional share.
For further details see:
Lightning eMotors launches 1-for-20 reverse stock split