Lightning eMotors seeks reverse stock split to remain on NYSE

LOVELAND — In an effort to boost its stock price above $1 and maintain its listing on the New York Stock Exchange, zero-emission-vehicle provider Lightning eMotors Inc. (NYSE: ZEV) is asking its shareholders to approve a reverse stock split. 

Leaders with the company — which has been publicly traded only since May 2021 when it merged with a special-purpose acquisition company — are convening a shareholder meeting on Feb. 7 to vote on a move that could see as few as two shares or as many as 20 shares rolled into a single share.

In mid-December, following months of poor…