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Forum Merger III Corporation (FIII)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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9.89-0.02 (-0.20%)
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  • B
    BD
    We know exactly what's happening. FIII filed the restated documents with the SEC on May 7. Now the SEC is reviewing and will approve the transaction whenever they finish. Then the meeting date will be announced. This isn't a mystery.
  • S
    Sam
    $ZEV conversation
    Now that Lightning eMotors is public, I'm anxious to another "EV company in production in 2021" go public. Electric Last Mile Solutions via $FIII SPAC.
  • B
    BD
    On May 7, FIII filed all the amended and restated documents with the SEC to comply with accounting rule changes for warrants. The new documents still don’t have the date of the annual meeting to approve the merger filled in. Nevertheless, I think this means we’re back on track. Incidentally, for all you who have been asking about redemption instead of riding it out, you have to make that election at least 2 days before the meeting. That procedure is in the May 7 filings.
  • b
    best_ivideo
    5/3/2021 Electric Last Mile Solutions (ELMS) has signed a letter of intent for Cox Automotive to supply service and repairs for the delivery van it will launch later this year.

    Under the deal, Cox’s Pivet unit will provide warranty repairs, vehicle maintenance, roadside assistance, collision repairs and EV battery servicing to ELMS’ customers, the companies said. Cox boasts a network of more than 6,000 service centers, 3,000 partners and over 800 mobile technicians. Financial terms were not disclosed.

    https://www.reuters.com/article/autos-elms-cox/cox-automotive-signs-service-deal-with-us-commercial-ev-maker-idUSL1N2MN293
  • j
    jerzy
    I don't give a f...k what people say .This will be one of the best EV companies with huge potential, added today 26k shares, patience always pay off.
  • S
    Séllei
    Most people tend to act like small kids. when the market segment is bullish, they all agree, prices can only go way up. When a market segment turns less popular for a few months, they can only see darkness in the future for ever and ever...This is only O. K. in infancy. Investors should look quite a bit further, and see the market as adults.
    Bullish
  • R
    RICK
    Finally got an answer on the delay from investor relations. They’re modifying the agreement for the new SEC SPAC regulations. Simple as that. Merger still on track!!!
  • j
    jerzy
    Redeem price is 10. Plus interest. Those selling now are s...d
  • j
    jerzy
    CEO said that they have already 55k units on pre-order and more coming every day. He didn't even mention that lots of small businesses and private users we'll be buying this. This is the best vehicle in Class 1 on the market, and also first to hit the road in US. This will be huge ,hang on everyone, the best us to come.
  • D
    Digitcipher
    SPACs are recovering pretty much across the board now....except FIII...I'm still waiting this out but very frustrating to say the least.
  • B
    BD
    ELMS needs to work on their PR. Without any news on the completion of the merger, they need to have a steady flow of business-related milestone completions. Announce the completion of XXXX part of the assembly line, or the installation of equipment needed to perform XXXX task. Post pictures of progress on the manufacturing facility. I'm unfamiliar with the legal limitations on public communications during the SPAC process, but I find it hard to believe they aren't allowed to discuss progress. Because they promised Q1 merger closure and missed, they need some first aid on the reputation. And PLEASE RESHOOT THE PROMO VIDEO AND THIS TIME DON'T USE A DRIVER WHO IS 6'4" AND MAKES THE VEHICLE LOOK LIKE A CLOWN CAR. I have 20,000 shares of $FIII sitting and waiting. I'm tired of this situation. I know ELMS will be successful in the. No worries there.
  • j
    jerzy
    No sweat here. Best position company from all delivery and service vehicles.
  • D
    Digitcipher
    $GIK conversation
    Both $GIK and $FIII are close to the revenue runway yet they keep getting hammered as if they are fraud cases. Nobody cares that they are going to produce revenue this year, nor for any other metrics of these companies either, no matter how positive. They are being painted with a broad brush like all the other SPACs. I really don't know what else to think.

    The only thing that I can do is wait it out because I still believe both these companies have great businesses with excellent growth outlooks and flush with cash after merger. What else can you ask for? EV is not going away, it is a long term secular super-trend. One day the direction and momentum will have to change.

    On a side note, It seems the warrants FIIIW and GIK-WT are permanently going in the wrong direct. As if they are aiming for $1 now as their next stop....and then what, below $1??? This is getting beyond ridiculous.
  • j
    jerzy
    There is an article on Seeking Alpha ,very interesting, unfortunately they don't let me copy. Basically saying it's a best EV stock out there.
  • D
    Digitcipher
    It's more exciting watching paint dry. Is this what a lobotomy is supposed to feel like??
  • S
    Scott
    ELMS spotted running down MAPLE st.
  • j
    john
    “O merger, merger, wherefore art thou merger?” -EV Shakespeare
  • T
    Tech
    Does anyone know at what date or point you can choose to redeem your shares for the NAV price instead of exchanging them for ELMS? Does the date occur before the vote of whether or not to go with the merger?
  • S
    Sansfeur
    The merger was expected to be closed in the second quarter of 2021 and it's ticker symbol would be ELM - This is the last month of the Second quarter (obviously we're still under FIII AND underwater).
    - If they do not complete the merger AS planned, that hurts confidence in all timelines expressed by management; you know it and they know it.
    - They could offer a press release anytime explaining what is happening but they don't. You know why and they know why.
  • M
    Michael
    I’m out
    I have a feeling this will drop like a rock if it de-spacs
    Glta