Form SC 13G - Statement of acquisition of beneficial ownership by individuals

NAMES OF REPORTING PERSONS

R&H Trust Co. (Guernsey) Limited

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a) ☐ (b) ☐

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Guernsey

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. ___)*

Lightning eMotors, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per shares

(Title of Class of Securities)

53228T101

(CUSIP Number)

September 7, 2023

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐

Rule 13d-1(b)

☒

Rule 13d-1(c)

☐

Rule 13d-1(d)

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained

in this form are not required to respond unless the form displays

a currently valid OMB control number.

Page 1 of 6


CUSIP No: 53228T101		Schedule 13G		Page 2 of 6 Pages

¹

Represents 189,298 shares of Common Stock held directly by Caspian Investments Limited (“Caspian”) and 192,236 shares of Common Stock held directly by The Pomarine Trust (“Pomarine”). R&H Trust Co. (Guernsey) Limited (“R&H Trust”) is the Trustee of a Guernsey Trust which is the ultimate beneficial owner of Caspian and the Trustee of Pomarine. R&H Trust may be deemed to have or share beneficial ownership of the shares of Common Stock held directly by each of Caspian and Pomarine. R&H Trust disclaims such beneficial ownership.

²

The percentage of the shares of Common Stock beneficially owned is based on 6,462,413 shares of Common Stock outstanding as of August 11, 2023, which is based on information included in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023, filed with the SEC on August 14, 2023.


CUSIP No: 53228T101		Schedule 13G		Page 3 of 6 Pages

³

Represents 189,298 shares of Common Stock held directly by Caspian and 192,236 shares of Common Stock held directly by Pomarine. Rawlinson & Hunter Limited (“R&H Limited”) is the parent company of R&H Trust. R&H Limited may be deemed to have or share beneficial ownership of the shares of Common Stock held directly by each of Caspian and Pomarine. R&H Limited disclaims such beneficial ownership.

⁴

The percentage of the shares of Common Stock beneficially owned is based on 6,462,413 shares of Common Stock outstanding as of August 11, 2023, which is based on information included in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023, filed with the SEC on August 14, 2023.


CUSIP No: 53228T101		Schedule 13G		Page 4 of 6 Pages

Item 1(a).

Name of Issuer.

Lightning eMotors, Inc. (the “Issuer”)

Item 1(b).

Address of Issuer’s Principal Executive Offices.

815 14th Street SW, Bldg B, Loveland, CO 80537

Item 2(a).

Name of Person Filing.

This Schedule 13G is filed on behalf of R&H Trust Co. (Guernsey) Limited (“R&H Trust”) and Rawlinson & Hunter Limited (“R&H Limited” and together with R&H Trust, the “Reporting Persons”).

Caspian Investments Limited (“Caspian”) and The Pomarine Trust (“Pomarine”) are the direct holders of the Common Stock reflected in this Schedule 13G. R&H Trust is the Trustee of a separate Guernsey Trust that is the ultimate beneficial owner of Caspian and the Trustee of Pomarine. R&H Limited is the parent company of R&H Trust.

Item 2(b).

Address of Principal Business Office or, if None, Residence.

The address of the principal business offices of each of R&H Trust and R&H Limited is Trafalgar Court, 3rd Floor, West Wing, Les Banques, St. Peter Port, Guernsey GYI 2JA.

Item 2(c).

Citizenship.

Each Reporting Person is incorporated in Guernsey.

Item 2(d).

Title of Class of Securities.

Common stock, par value $0.0001 per share (“Common Stock”)

Item 2(e).

CUSIP Number.

53228T101

Item 3.

If This Statement is Filed Pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a:

Not applicable

Item 4.

Ownership.

(a)

Amount beneficially owned:

As of September 7, 2023, Caspian directly holds 189,298 shares of Common Stock and Pomarine directly holds 192,236 shares of Common Stock. R&H Trust and R&H Limited may be deemed to have or share beneficial ownership of the Common Stock held directly by each of Caspian and Pomarine, but each disclaims beneficial ownership of such shares of Common Stock.

(b)

Percent of class:

As of September 7, 2023, each of R&H Trust and R&H Limited may be deemed to be the beneficial owner of approximately 5.9% of the Issuer’s Common Stock based on 6,462,413 shares of Common Stock outstanding as of August 11, 2023, which is based on information included in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023, filed with the SEC on August 14, 2023.

(c)

Number of shares of Common Stock as to which each of R&H Trust and R&H Limited:


(i)	Sole power to vote or to direct the vote:	0

(ii)	Shared power to vote or to direct the vote:	381,534

(iii)	Sole power to dispose or to direct the disposition of:	0

(iv)	Shared power to dispose or to direct the disposition of:	381,534


CUSIP No: 53228T101		Schedule 13G		Page 5 of 6 Pages

Item 5.

Ownership of 5 Percent or Less of a Class.

Not applicable.

Item 6.

Ownership of More than 5 Percent on Behalf of Another Person.

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

Item 9.

Notice of Dissolution of Group.

Not applicable.

Item 10.

Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


CUSIP No: 53228T101		Schedule 13G		Page 6 of 6 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: September 8 , 2023


R&H Trust Co. (Guernsey) Limited

By:		/s/ Alasdair Cross
Name:		Alasdair Cross
Title:		Director

By:		/s/ Alison Wyser
Name:		Alison Wyser
Title:		Director

Rawlinson & Hunter Limited

By:		/s/ Alasdair Cross
Name:		Alasdair Cross
Title:		Director

By:		/s/ Alison Wyser
Name:		Alison Wyser
Title:		Authorised Signatory