Morris Kandinov Represents Investors In Lightning eMotors SPAC Transaction

Morris Kandinov LLP has filed a case on behalf of Lightning eMotors, Inc. (previously known as GigCapital 3, Inc.), which entered the public markets through a SPAC transaction in 2021. The complaint alleges significant misrepresentations and omisssions at the time of the transaction and in the months following with respect to the company’s expected revenue and vehicle production. While the company’s shares were supposedly valued at $10 per share at the time of the transaction, revelations regarding the company’s limited customer base, supply constraints, and production challenges have driven the stock to less than $1 per share.

By MoKa

For more information regarding the case, contact Leo Kandinov at