Electric Last Mile Solutions to Ring the Opening Bell at Nasdaq
July 12 2021 - 3:20PM
Electric Last Mile Solutions, Inc. (Nasdaq: ELMS) (“ELMS” or “the
Company”), a pure-play commercial EV company focused on redefining
productivity for the last mile, today announced that the Company’s
management team will ring the opening bell at the Nasdaq MarketSite
in Times Square on Tuesday, July 13 to celebrate its recently
completed public listing.
“We are celebrating an important milestone for
ELMS and our shareholders. As a public company, we believe we now
have all the critical enablers to execute on our business plan and
transform productivity for the last mile,” said James Taylor,
Co-Founder and CEO of ELMS. “The demand for commercial EVs is
growing rapidly as businesses seek more efficient and sustainable
solutions for their fleets. We believe we are well-positioned to
meet that demand with the anticipated first Class 1 commercial EV
in the U.S., the ELMS Urban Delivery, which we expect to launch
later this year.”
The market opening ceremony will occur on
Tuesday, July 13, 2021 at 9:30 a.m. Eastern Time, and can be viewed
live at
https://livestream.com/accounts/27896496/events/9724075.
About Electric Last Mile Solutions,
Inc.ELMS (Nasdaq: ELMS) is focused on redefining the last
mile with efficient, connected and customizable solutions. ELMS’
first vehicle, the Urban Delivery, is anticipated to be the first
Class 1 commercial electric vehicle in the U.S. market. ELMS is now
listed on NASDAQ following the completion of its merger with Forum
Merger III Corporation, providing it with sufficient capital to
execute its business plan. The company is headquartered in Troy,
Michigan. For more information, please visit
www.electriclastmile.com or Twitter @ELMSolutions.
ContactsMedia: elms-svc@sardverb.com Investor
Relations: IR@electriclastmile.com
Forward-Looking StatementsThis
press release includes “forward-looking statements” within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. The Company’s actual results may
differ from its expectations, estimates and projections and
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include, without limitation, the
Company’s expectations with respect to future performance of the
business, the size, demands and growth potential of the markets for
the Company’s products and the Company’s ability to serve those
markets, the Company’s ability to develop innovative products and
compete with other companies engaged in the commercial delivery
vehicle industry and/or the electric vehicle industry, the
Company’s ability to attract and retain customers, the estimated go
to market timing and cost for the Company’s products, and the
implied valuation of the Company. These forward-looking statements
involve significant risks and uncertainties that could cause the
actual results to differ materially from the expected results. Most
of these factors are outside the Company’s control and are
difficult to predict. Factors that may cause such differences
include, but are not limited to: (1) the inability to recognize the
anticipated benefits of the business combination with Forum Merger
III Corporation, which may be affected by, among other things,
competition and the ability of the Company to grow and manage
growth profitably and retain its key employees; (2) changes in
applicable laws or regulations; (3) the possibility that the
Company may be adversely affected by other economic, business,
and/or competitive factors; (4) the impact of COVID-19 on the
Company’s business; (5) any delays the Company may experience in
realizing its projected timelines and cost and volume targets for
the production, launch and ramp up of production of the Company’s
vehicles and the modification of its manufacturing facility; (6)
the ability of the Company to obtain customers, obtain product
orders, and convert its non-binding pre-orders into binding orders
or sales; (7) the Company’s ability to implement its business plans
and strategies; and (8) other risks and uncertainties indicated
from time to time in the proxy statement filed by Forum relating to
the business combination, including those under the “Risk Factors”
section therein, and in Forum’s other filings and the Company’s
future filings with the Securities and Exchange Commission. Some of
these risks and uncertainties may in the future be amplified by the
COVID-19 outbreak and there may be additional risks that the
Company considers immaterial or which are unknown. The Company
cautions that the foregoing list of factors is not exclusive. The
Company cautions readers not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
The Company does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in their
expectations or any change in events, conditions or circumstances
on which any such statement is based.
Electric Last Mile Solut... (NASDAQ:ELMS)
Historical Stock Chart
From Apr 2024 to May 2024
Electric Last Mile Solut... (NASDAQ:ELMS)
Historical Stock Chart
From May 2023 to May 2024