NYSE delists Lightning eMotors; trading moved to OTC

LOVELAND — The New York Stock Exchange has delisted Lightning eMotors Inc. (OTC: ZEVY), and the company is now traded on the over-the-counter market.

Over-the-counter trading involves securities not listed on a major exchange but are instead traded using a broker/dealer network, usually because the company does not meet the requirements of a national exchange. In Lightning’s case, its stock price fell below the $1 per share minimum that the NYSE requires. The company, which had been traded under the ZEV ticker, received a notice from the exchange in December; it had six months to come into compliance. It began trading…