|Bid||10.35 x 900|
|Ask||10.41 x 900|
|Day's Range||10.36 - 10.36|
|52 Week Range||9.95 - 16.29|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Electric Last Mile, Inc. ("ELMS" or "the Company"), a commercial electric vehicle ("EV") company focused on last mile delivery solutions, announced it has received over 45,000 non-binding pre-orders for its Urban Delivery class 1 commercial EV. The Company also announced its intention to begin production of the Urban Delivery at the Mishawaka, Indiana manufacturing facility by the end of the third quarter of 2021, which would make the Urban Delivery the first class 1 commercial EV officially available in the U.S. market. As part of its customer process, ELMS will continue working with pre-order customers to finalize specific duty-cycle requirements and allocation schedules as it seeks to obtain binding purchase orders and as it prepares for the anticipated start of production later this year. The Company recently announced its plan to acquire the Indiana manufacturing facility as part of its pending merger with Forum Merger III Corporation (Nasdaq: FIII). Upon closing of the merger transaction, the combined company will be named Electric Last Mile Solutions, Inc. and the common stock of Electric Last Mile Solutions, Inc. is expected to be listed on the Nasdaq Capital Market under the new ticker symbol, "ELMS."
Electric Last Mile, Inc. ("ELMS" or the "Company"), a commercial electric vehicle company focused on last-mile delivery solutions, today announced its participation in several upcoming investor events:
Electric Last Mile, Inc. ("ELMS") today announced that it has entered into strategic partnerships with Jing-Jin Electric North America, LLC ("JJE"), a global leader in electrified propulsion technologies, and Contemporary Amperex Technology Co. Limited ("CATL"), a global leader in lithium-ion battery development and manufacturing, for the electric powertrain system in the ELMS Urban Delivery vehicle. The Urban Delivery, ELMS’ launch vehicle, is anticipated to be the first commercial electric vehicle ("EV") in the class 1 segment in the U.S.