FIII - Forum Merger III 21:41 PM - Dec 27 2020
by: Maverick

FIII - Electric Last Mile Solutions (ELMS) - DD (December 2020)

O/S: 26M
Trust: 250M

Target announced: December 10, 2020 -
businesswire.com/news/home/202...
Target: ELMS - Electric Last Mile Solutions
Website: electriclastmile.com
Sector: EV (commercial UDV - electriclastmile.com/vehicles )
Investor Presentation: electriclastmile.com/wp-conten...
Future Ticker: ELMS
Closing (est): 1Q 2021 (mid-March?)

O/S Post-merger:  140M

The Hotness: 
  • Has a big plant in Mishawaka, Indiana
  • 30,000 pre-orders in the US (~$1B revenue), starting delivery Q3 2021
  • Only one in the Class 1 commercial delivery vehicle category
  • Competing in Class 2 and 3, as well

I like this one, but it looks a lot like Lordstown to me - has a huge plant, but no vehicles on the streets yet (until Q3 2021).  It'll still go.
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Forum Merger III - FIII

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