Electric Last Mile Solutions, Inc.

Electric Last Mile Solutions, Inc. (Nasdaq: ELMS) completed its business combination with Forum Merger IV Corp., a blank-check company sponsored by Forum Asset Management, in June 2021, making it one of the earliest commercial electric vehicle companies to access public markets through a SPAC merger. The Michigan-based firm targeted the urban last-mile delivery segment with purpose-built electric vans and trucks aimed at fleet operators. This 10-Q, filed May 26, 2021, falls in the period immediately surrounding the de-SPAC closing. ELMS subsequently encountered significant governance and operational challenges and filed for Chapter 7 bankruptcy protection in June 2022, leaving the company's equity worthless. Sign up on SpacDesk for complete filing history, sponsor profiles, and SPAC deal analytics.