Kessler Topaz Meltzer & Check, LLP: Investigation on Behalf of Lightning eMotors, Inc. f/k/a GigCapital3, Inc. (NYSE: GIK) Shareholders

Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of shareholders of Lightning eMotors, Inc. (NYSE: ZEV) (“Lightning”) f/k/a GigCapital3, Inc. (NYSE: GIK) securities between May 18, 2020 and August 16, 2021.

Lightning investors may receive additional information about the investigation by clicking the link "Submit Your Information" above.

Lightning is an electric vehicle designer and manufacturer, providing electrification solutions for commercial fleets, including Class 3 cargo vans, refrigerated vans, passenger vans, and ambulances, Class 6 work trucks, and Class 7 city buses. 

After the market closed on August 16, 2021, Lightning announced financial results for the second quarter ended June 30, 2021, including a net loss per share of $0.79 compared to a loss of $0.10 in the second quarter of 2020. Lightning 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. 

Following this news, Lightning’s stock price fell $1.63 per share, or almost 17%, to close at $8.00 per share on August 17, 2021.

If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP:  James Maro, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at [email protected].