Nov. 24 at 5:06 PM
$ZEVY has agreed to settle with investors over claims that it overstated its financial prospects in 2021.
Who’s eligible?
Anyone who purchased
$ZEVY shares between May 18, 2020 and August 16, 2021.
Do I need to sell my shares to qualify?
No — you are eligible whether you sold your shares or still hold them.
How much is the payout?
The payout per share is
$1.69 — but if only ~25% of eligible investors file, the effective payout could increase to
$6.76.
Can I still file?
Yes — late claims are currently being accepted, subject to court approval.
When do payouts happen?
Typically within 8–12 months after court approval of the settlement.
To file your claim: https://11th.com/cases/lightningemotors-investor-settlement