Lightning Emotors Pursuant To Settlement Agreement, Linamar, On Behalf Of Itself And Ematrix, Has Agreed To Pay Company $3M In Cash
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Lightning eMotors has reached a settlement agreement with Linamar and Ematrix, according to which Linamar will pay Lightning eMotors $3M in cash.
July 27, 2023 | 1:23 pm
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Lightning eMotors (ZEV) will receive a $3M cash payment from Linamar and Ematrix as part of a settlement agreement.
The $3M cash payment from the settlement agreement will increase Lightning eMotors' cash reserves, potentially strengthening its financial position. This could be seen as a positive development by investors, potentially leading to a short-term increase in the stock price.
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