Electric Last Mile Solutions, Inc. (ELMS)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
ELMS Chart
Electric Last Mile Solutions, Inc. f/k/a Forum Merger III Corp. (ELMS) Shareholders - L&K, LLP Encourages you to File a Claim Against the Settlement Fund Before Deadline
NEW YORK, NY / ACCESSWIRE / August 29, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Electric Last Mile Solutions, Inc. f/k/a Forum Merger III Corp. (NASDAQ:ELMS). The settlement provides for a fund of $2,700,000 to benefit class members.
Electric Last Mile Solutions, Inc. f/k/a Forum Merger III Corp. (ELMS) Shareholders - L&K, LLP Encourages you to File a Claim Against the Settlement Fund Before Deadline
NEW YORK, NY / ACCESSWIRE / August 27, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Electric Last Mile Solutions, Inc. f/k/a Forum Merger III Corp. (NASDAQ: ELMS). The settlement provides for a fund of $2,700,000 to benefit class members.
Levi & Korsinsky, LLP Announces $2,700,000 Recovery for Electric Last Mile Solutions, Inc. f/k/a Forum Merger III Corp. (ELMS). File Your Claim Before Deadline
NEW YORK, NY / ACCESSWIRE / August 22, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Electric Last Mile Solutions, Inc. f/k/a Forum Merger III Corp. (NASDAQ:ELMS). The settlement provides for a fund of $2,700,000 to benefit class members.
Electric Last Mile Solutions, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CAD Chelsea A. Delgado Main Street Group Ltd. | 400 | $52 | $75.36 | $23.36 | 44.92% |
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Electric Last Mile Solutions, Inc. Profile
| Software Industry | Information Technology Sector | Jason Luo CEO | NASDAQ (NGS) Exchange | 28489L104 CUSIP |
| US Country | 2 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Electric Last Mile Solutions, Inc. was a commercial electric vehicle solutions company with a focus on the design, engineering, manufacturing, and customization of electric 'last mile' delivery and utility vehicles. Based in Troy, Michigan, the company aimed to offer innovative solutions to meet the growing needs for sustainable and efficient deliveries in urban environments. On June 14, 2022, Electric Last Mile Solutions, Inc. and its affiliate filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the District of Delaware, marking an end to its operations.
Products and Services
The company focused on two key products in the commercial electric vehicle market:
- Class 1 Commercial Electric Vehicle: Marketed as the first of its kind in the U.S. market, this vehicle was designed to cater to the 'last mile' delivery segment. Specifically, it was created for urban delivery operations, aiming to provide an efficient, zero-emissions alternative to traditional gasoline-powered delivery vans.
- Class 3 Urban Utility Electric Vehicle: With a focus on producing a larger Class 3 Urban Utility electric vehicle, Electric Last Mile Solutions, Inc. aimed to expand its reach within the commercial electric vehicle market. This vehicle was intended for a variety of uses, including larger scale deliveries and services that required more cargo space and utility, while still maintaining environmentally friendly operations.
