Lightning eMotors warns it could go bankrupt
LOVELAND – Although it reported record quarterly revenue on Monday, Loveland-based Lightning eMotors Inc. (OTC: ZEVY) expressed concern this week that it might not survive.
“The continuation of the company as a going concern is dependent upon the company attaining and maintaining profitable operations and/or raising additional capital from equity offerings, debt financings or other capital markets transactions, collaborations, strategic partnerships or licensing arrangements, all of which may be impacted by our ability to fund operations in the short term,” the company wrote in its third-quarter earnings report issued Monday. “Furthermore, if we are unable to obtain the necessary funding and/or…
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