GERCO LLC entered into an agreement to acquire Substantially All Assets of Lightning eMotors, Inc. (OTCPK:ZEVY) and Lightning Systems, Inc. for $12.6 million on January 23, 2024. The closing of the transaction is contingent upon the approval and authorization of the District Court of Larimer County, State of Colorado. The funds received from the closing of the transactions will be distributed by the receiver to the Lightning eMotors and Lightning Systems creditors pursuant to their applicable priorities and as ordered by the court.