View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsElectric Last Mile Solutions 과거 순이익 실적과거 기준 점검 0/6핵심 정보n/a순이익 성장률n/a주당순이익(EPS) 성장률Auto 산업 성장률23.94%매출 성장률n/a자기자본이익률n/a순이익률n/a최근 순이익 업데이트31 Dec 2020최근 과거 실적 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Jun 24+ 1 more updateElectric Last Mile Solutions, Inc.(OTCPK:ELMS.Q) dropped from NASDAQ Transportation IndexElectric Last Mile Solutions, Inc. has been dropped off from NASDAQ Transportation Index .공시 • Jun 16Electric Last Mile Solutions, Inc. Filed for BankruptcyElectric Last Mile Solutions, Inc., along with its affiliate, filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the District of Delaware on June 14, 2022. The debtor listed both its assets and liabilities in the range of less than $0.05 million. The debtor is represented by Kara Hammond Coyle of Young Conaway Stargatt & Taylor, LLP as its legal counsel. David W. Carickhoff of Archer & Greiner, P.C has been appointed as the case trustee.공시 • Jun 14Electric Last Mile Solutions Receives a Letter from the Listing Qualifications Department of the Nasdaq Stock MarketOn June 10, 2022, Electric Last Mile Solutions, Inc. (the “Company”) received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the bid price of the Company’s common stock, par value $0.0001 per share (the “common stock”), closed below $1.00 per share for 30 consecutive business days and, as a result, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which sets forth the minimum bid price requirement for continued listing on the Nasdaq Global Select Market (the “Minimum Bid Requirement”). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company is eligible for a 180-calendar day grace period, through December 7, 2022, to regain compliance with the bid price requirement. Compliance can be achieved by evidencing a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days (but generally not more than 20 consecutive business days) during the 180-calendar day grace period.공시 • May 26Electric Last Mile Solutions Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-QElectric Last Mile Solutions, Inc. announced that it has received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Quarterly Report on Form 10-Q for the three-month period ended March 31, 2022 (the "Form 10-Q") or its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the "Form 10-K"), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the "SEC"). The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market. The Company previously discussed the circumstances behind the late filing of the Form 10-Q in a Notification of Late Filing on Form 12b-25, filed with the SEC on May 18, 2022 (the Notification"). In addition, the Company's delay in filing the Form 10-K was disclosed in a Notification of Late Filing on Form 12b-25 filed on April 1, 2022 and discussed in a Current Report on Form 8-K filed on April 11, 2022 (the "April Current Report"). As described in the April Current Report, the Company must submit a plan to Nasdaq no later than May 31, 2022, addressing how it intends to regain compliance with Nasdaq's listing rules. The Company's management is working diligently to complete the Form 10-Q, as well as the Form 10-K, and intends to file as soon as practicable. However, the Company does not expect to file the Form 10-Q within the timeframe specified by Rule 12b-25 for the reasons discussed in the 10-Q Notification.공시 • May 19Electric Last Mile Solutions, Inc. announced delayed 10-Q filingOn 05/18/2022, Electric Last Mile Solutions, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • Apr 13Electric Last Mile Solutions Announces Receipt of Notice from Nasdaq Regarding Late Filing of Annual Report on Form 10-KElectric Last Mile Solutions, Inc. announced on April 11, 2022 that it has received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the "Form 10-K"), the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the "SEC"). The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market. Nasdaq indicated that the Company must submit a plan within 60 calendar days from April 1, 2022, or no later than May 31, 2022, addressing how it intends to regain compliance with Nasdaq's listing rules. If Nasdaq accepts the Company's plan, it may grant the Company an extension of up to 180 calendar days from the Form 10-K original filing due date, or until September 27, 2022, to regain compliance. The Company previously discussed the circumstances behind the late filing of the Form 10-K in the Notification of Late Filing on Form 12b-25 (the "Notification"), filed with the SEC on April 1, 2022. The Company's management is working diligently to complete the Form 10-K and intends to file the Form 10-K as soon as practicable, but does not expect to do so within the timeframe specified by Rule 12b-25 for the reasons discussed in the Notification.공시 • Apr 12Electric Last Mile Solutions Receives Non-Compliance Notice from NasdaqOn April 1, 2022, Electric Last Mile Solutions, Inc. (the "Company") filed a Notification of Late Filing on Form 12b-25 (the "Notification"), indicating that the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the "Form 10-K") would be delayed. On April 5, 2022, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, as a result of the Company's delay in filing the Form 10-K, the Company is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(1). The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market. Nasdaq indicated that the Company must submit a plan (the "Plan") within 60 calendar days of April 1, 2022, or no later than May 31, 2022, addressing how it intends to regain compliance with Nasdaq's listing rules. If Nasdaq accepts the Plan, it may grant the Company an extension of up to 180 calendar days from the Form 10-K original filing due date, or until September 27, 2022, to regain compliance. The Company's management is working diligently to complete the Form 10-K and intends to file the Form 10-K as soon as practicable, but does not expect to do so within the timeframe specified by Rule 12b-25 for the reasons discussed in the Notification.공시 • Apr 06Labaton Sucharow LLP Announces Expanded Securities Class Action Lawsuit Filed against Electric Last Mile Solutions, IncLabaton Sucharow LLP announced that on April 4, 2022, it filed a securities class action lawsuit on behalf of its client Pierre Fontaine against Electric Last Mile Solutions, Inc. and its predecessor company Forum Merger III Corp., and certain of its executives (collectively, “Defendants”). The action, captioned Fontaine v. Electric Last Mile Solutions, Inc.,No. 22-cv-1902 (D.N.J.), asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and U.S. Securities and Exchange Commission (“SEC”) Rule 10b-5 promulgated thereunder, on behalf of all persons or entities that purchased or otherwise acquired ELMS and/or FIIU securities between November 12, 2020 and February 1, 2022, inclusive (the “Class Period”). The Complaint expands the class period asserted in the action against ELMS captioned Hacker v. Electric Last Mile Solutions, Inc. et al., No. 2:22-cv-00545 (D.N.J.) (“Hacker Action”). Pursuant to the notice published on February 3, 2022 in connection with the filing of the Hacker Action, as required by the Private Securities Litigation Reform Act of 1995, investors wishing to serve as Lead Plaintiff in the securities actions pending against ELMS are required to file a motion for appointment as Lead Plaintiff, no later than 60 days from the February 3, 2022 notice (or no later than April 4, 2022). According to the lawsuit, Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) ELMS’s previously issued financial statements were false and unreliable; (2) ELMS’s earlier reported financial statements would need restatement; (3) certain ELMS executives and/or directors purchased equity in the Company at substantial discounts to market value without obtaining an independent valuation; (4) on November 25, 2021 (Thanksgiving), the Company’s Board formed an independent Special Committee to conduct an inquiry into certain sales of equity securities made by and to individuals associated with the Company; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.공시 • Apr 03Electric Last Mile Solutions, Inc. announced delayed annual 10-K filingOn 04/01/2022, Electric Last Mile Solutions, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.공시 • Feb 04Rosen Law Firm Files Securities Class Action Lawsuit Against Electric Last Mile Solutions, Inc. F/K/A Forum Merger III CorpRosen Law Firm, announced it has filed a class action lawsuit on behalf of purchasers of the securities of Electric Last Mile Solutions, Inc. f/k/a Forum Merger III Corp. between March 31, 2021 and February 1, 2022, inclusive. The lawsuit seeks to recover damages for ELMS investors under the federal securities laws. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: ELMS’s previously issued financial statements were false and unreliable; ELMS’s earlier reported financial statements would need restatement; certain ELMS executives and/or directors purchased equity in the Company at substantial discounts to market value without obtaining an independent valuation; on November 25, 2021, the Company’s Board formed an independent Special Committee to conduct an inquiry into certain sales of equity securities made by and to individuals associated with the Company; and as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. If wish to serve as lead plaintiff, then must move the Court no later than April 4, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.공시 • Feb 02+ 2 more updatesElectric Last Mile Solutions, Inc. Announces Leadership TransitionElectric Last Mile Solutions, Inc. announced that Shauna McIntyre, a member of the Company’s Board of Directors, has been appointed as President, succeeding James Taylor, who has resigned from his role as a member of the Board. In addition, Brian Krzanich has been appointed Non-Executive Chairman of the Board, replacing Jason Luo, who has also resigned from his position as Executive Chairman of the Board. The departures follow an investigation conducted by a Special Committee of the Board of Directors. Ms. McIntyre most recently served as President of Ouster Automotive, following over 25 years working with automotive OEMs. Previously, she served as CEO of Sense Photonics, Inc., a 3D vision company building high-performance, mass manufacturable LiDAR solutions for next-generation transportation needs. Prior to that, she led Google's automotive services program, where she supported the release of certain Google products, including Google Maps, into automakers' new vehicle models. During her earlier years at Google she served as Chief of Staff for Google's consumer electronics division, which combines the best of Google AI, software, and hardware. Ms. McIntyre earlier led the U.S. New Mobility Practice for management consulting firm, Egon Zehnder, and was VP of Honeywell's Commercial Vehicle Turbocharger platform. She began her career at Ford, where she automated manufacturing plants overseas and led final assembly production, and later joined McKinsey & Company as a management consultant. Since 2019, she has served on the Board of Directors of Lithia Motors.Buying Opportunity • Jan 28Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 47%. The fair value is estimated to be US$6.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only.공시 • Jan 06Electric Last Mile Solutions, Inc. Announces Product and Tech on Display At CESElectric Last Mile Solutions, Inc. announced it is hosting an exhibit at the Consumer Electronics Show (CES) to be held on January 5-7, 2022. ELMS is displaying both of its ELMS all-electric commercial vehicles – the Class 1 Urban Delivery and Class 3 Urban Utility – at CES. Additionally, ELMS Chief Digital Officer Jonathan Ballon, will present the Company’s digital strategy at CES. The ELMS Urban Delivery is expected to be the first and only Class 1 commercial electric vehicle available in the United States. The Urban Delivery boasts 20% more cargo space (157 cubic feet) than the current leading Class 1 ICE model and targets a best-in-class payload of 2,100 pounds. The newest model of the Urban Delivery that will be on display at CES has an impressive suite of safety systems including a patent pending energy absorbing front bumper system, a full suite of driver side airbags, and advanced seat belt pre-tensioners. This new model of Urban Delivery is expected to join the Urban Delivery campus model for sale to customers later this month. The ELMS Urban Utility is slated for production in the second half of 2022, and it is targeting more than 5,700 pounds of max payload and 125 miles of range. The Urban Delivery’s cab-over chassis design can be configured to cover a wide variety of customer use cases including delivery, construction, landscaping, towing and refrigeration.Seeking Alpha • Sep 18Electric Last Mile: On Track For Production And TargetsELMS is on track to start with production this month for its class 1 vehicle, aiming for 1,000 units this year. The class 3 vehicle is expected to start production in 2H 2022. ELMS is expecting to have a near first-mover advantage at scale in its respective classes. Revenues of $600-650 million for FY22 at around 19,000 deliveries put ELMS at an attractive 1.3x EV/revenue multiple.공시 • Sep 08Electric Last Mile Solutions, Inc. Announces Successful Completion of Next Critical Milestone for Start of ProductionElectric Last Mile Solutions, Inc. announced that it successfully completed structural confirmation impact testing for its Urban Delivery commercial class 1 vehicle. With this phase complete, the body design has been frozen. Testing took place at the NHTSA validated Calspan facility in Buffalo, NY. ELMS plans to launch introduction models of the Urban Delivery electric vehicle in the U.S. market beginning late in the third quarter. Production will occur at the Company’s plant in Mishawaka, Indiana.Breakeven Date Change • Jul 28Forecast to breakeven in 2023The 3 analysts covering Electric Last Mile Solutions expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$99.7m in 2023. Average annual earnings growth of 64% is required to achieve expected profit on schedule.공시 • Jul 23Electric Last Mile Solutions, Inc. Files Patent Application for Class 1 Commercial Ev Frontal Impact-Absorption Design, Preliminary Vehicle Crash Testing Yields Positive ResultsElectric Last Mile Solutions, Inc. announced that it has filed a provisional patent with the United States Patent and Trademark Office (“USPTO”) related to the development of its EV crash protection system to improve vehicle and occupant safety and battery stability in the event of a collision. The design encompassed in ELMS’ provisional patent application allows for the hollow channel bumper, crash boxes, tubular supports and ring assembly to crumple in stages upon frontal impact to absorb and redirect the energy to protect the occupant as well as the high voltage battery. ELMS expects to hold its next round of crash tests in August and intends to utilize the energy-absorbing front body vehicle assembly design in the Urban Delivery, which the Company intends to launch later this year. The ELMS’ Urban Delivery is expected to be the first Class 1 commercial electric vehicle available in the U.S. market and will be produced at the Company’s 675,000 square foot plant in Mishawaka, Indiana.매출 및 비용 세부 내역Electric Last Mile Solutions가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NasdaqGS:ELMS 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비31 Dec 200-23185양질의 수익: ELMS 은(는) 현재 수익성이 없습니다.이익 마진 증가: ELMS는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: ELMS은 상장된 지 3년이 되지 않아 지난 5년간 전년 대비 수익 증가율이 긍정적인지 확인할 수 없습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 ELMS의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: ELMS은 수익성이 없어 지난 해 수익 성장률을 Auto 업계(-5.1%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: ELMS의 부채가 자산을 초과하여 자본 수익률을 계산하기 어렵습니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YAutomobiles 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2022/06/19 08:30종가2022/06/17 00:00수익2020/12/31연간 수익2020/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Electric Last Mile Solutions, Inc.는 7명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Michael WardBenchmark CompanyGregory LewisBTIGRichard RyanColliers Securities4명의 분석가 더 보기
공시 • Jun 24+ 1 more updateElectric Last Mile Solutions, Inc.(OTCPK:ELMS.Q) dropped from NASDAQ Transportation IndexElectric Last Mile Solutions, Inc. has been dropped off from NASDAQ Transportation Index .
공시 • Jun 16Electric Last Mile Solutions, Inc. Filed for BankruptcyElectric Last Mile Solutions, Inc., along with its affiliate, filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the District of Delaware on June 14, 2022. The debtor listed both its assets and liabilities in the range of less than $0.05 million. The debtor is represented by Kara Hammond Coyle of Young Conaway Stargatt & Taylor, LLP as its legal counsel. David W. Carickhoff of Archer & Greiner, P.C has been appointed as the case trustee.
공시 • Jun 14Electric Last Mile Solutions Receives a Letter from the Listing Qualifications Department of the Nasdaq Stock MarketOn June 10, 2022, Electric Last Mile Solutions, Inc. (the “Company”) received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the bid price of the Company’s common stock, par value $0.0001 per share (the “common stock”), closed below $1.00 per share for 30 consecutive business days and, as a result, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which sets forth the minimum bid price requirement for continued listing on the Nasdaq Global Select Market (the “Minimum Bid Requirement”). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company is eligible for a 180-calendar day grace period, through December 7, 2022, to regain compliance with the bid price requirement. Compliance can be achieved by evidencing a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days (but generally not more than 20 consecutive business days) during the 180-calendar day grace period.
공시 • May 26Electric Last Mile Solutions Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-QElectric Last Mile Solutions, Inc. announced that it has received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Quarterly Report on Form 10-Q for the three-month period ended March 31, 2022 (the "Form 10-Q") or its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the "Form 10-K"), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the "SEC"). The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market. The Company previously discussed the circumstances behind the late filing of the Form 10-Q in a Notification of Late Filing on Form 12b-25, filed with the SEC on May 18, 2022 (the Notification"). In addition, the Company's delay in filing the Form 10-K was disclosed in a Notification of Late Filing on Form 12b-25 filed on April 1, 2022 and discussed in a Current Report on Form 8-K filed on April 11, 2022 (the "April Current Report"). As described in the April Current Report, the Company must submit a plan to Nasdaq no later than May 31, 2022, addressing how it intends to regain compliance with Nasdaq's listing rules. The Company's management is working diligently to complete the Form 10-Q, as well as the Form 10-K, and intends to file as soon as practicable. However, the Company does not expect to file the Form 10-Q within the timeframe specified by Rule 12b-25 for the reasons discussed in the 10-Q Notification.
공시 • May 19Electric Last Mile Solutions, Inc. announced delayed 10-Q filingOn 05/18/2022, Electric Last Mile Solutions, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • Apr 13Electric Last Mile Solutions Announces Receipt of Notice from Nasdaq Regarding Late Filing of Annual Report on Form 10-KElectric Last Mile Solutions, Inc. announced on April 11, 2022 that it has received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the "Form 10-K"), the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the "SEC"). The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market. Nasdaq indicated that the Company must submit a plan within 60 calendar days from April 1, 2022, or no later than May 31, 2022, addressing how it intends to regain compliance with Nasdaq's listing rules. If Nasdaq accepts the Company's plan, it may grant the Company an extension of up to 180 calendar days from the Form 10-K original filing due date, or until September 27, 2022, to regain compliance. The Company previously discussed the circumstances behind the late filing of the Form 10-K in the Notification of Late Filing on Form 12b-25 (the "Notification"), filed with the SEC on April 1, 2022. The Company's management is working diligently to complete the Form 10-K and intends to file the Form 10-K as soon as practicable, but does not expect to do so within the timeframe specified by Rule 12b-25 for the reasons discussed in the Notification.
공시 • Apr 12Electric Last Mile Solutions Receives Non-Compliance Notice from NasdaqOn April 1, 2022, Electric Last Mile Solutions, Inc. (the "Company") filed a Notification of Late Filing on Form 12b-25 (the "Notification"), indicating that the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the "Form 10-K") would be delayed. On April 5, 2022, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, as a result of the Company's delay in filing the Form 10-K, the Company is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(1). The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market. Nasdaq indicated that the Company must submit a plan (the "Plan") within 60 calendar days of April 1, 2022, or no later than May 31, 2022, addressing how it intends to regain compliance with Nasdaq's listing rules. If Nasdaq accepts the Plan, it may grant the Company an extension of up to 180 calendar days from the Form 10-K original filing due date, or until September 27, 2022, to regain compliance. The Company's management is working diligently to complete the Form 10-K and intends to file the Form 10-K as soon as practicable, but does not expect to do so within the timeframe specified by Rule 12b-25 for the reasons discussed in the Notification.
공시 • Apr 06Labaton Sucharow LLP Announces Expanded Securities Class Action Lawsuit Filed against Electric Last Mile Solutions, IncLabaton Sucharow LLP announced that on April 4, 2022, it filed a securities class action lawsuit on behalf of its client Pierre Fontaine against Electric Last Mile Solutions, Inc. and its predecessor company Forum Merger III Corp., and certain of its executives (collectively, “Defendants”). The action, captioned Fontaine v. Electric Last Mile Solutions, Inc.,No. 22-cv-1902 (D.N.J.), asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and U.S. Securities and Exchange Commission (“SEC”) Rule 10b-5 promulgated thereunder, on behalf of all persons or entities that purchased or otherwise acquired ELMS and/or FIIU securities between November 12, 2020 and February 1, 2022, inclusive (the “Class Period”). The Complaint expands the class period asserted in the action against ELMS captioned Hacker v. Electric Last Mile Solutions, Inc. et al., No. 2:22-cv-00545 (D.N.J.) (“Hacker Action”). Pursuant to the notice published on February 3, 2022 in connection with the filing of the Hacker Action, as required by the Private Securities Litigation Reform Act of 1995, investors wishing to serve as Lead Plaintiff in the securities actions pending against ELMS are required to file a motion for appointment as Lead Plaintiff, no later than 60 days from the February 3, 2022 notice (or no later than April 4, 2022). According to the lawsuit, Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) ELMS’s previously issued financial statements were false and unreliable; (2) ELMS’s earlier reported financial statements would need restatement; (3) certain ELMS executives and/or directors purchased equity in the Company at substantial discounts to market value without obtaining an independent valuation; (4) on November 25, 2021 (Thanksgiving), the Company’s Board formed an independent Special Committee to conduct an inquiry into certain sales of equity securities made by and to individuals associated with the Company; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
공시 • Apr 03Electric Last Mile Solutions, Inc. announced delayed annual 10-K filingOn 04/01/2022, Electric Last Mile Solutions, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
공시 • Feb 04Rosen Law Firm Files Securities Class Action Lawsuit Against Electric Last Mile Solutions, Inc. F/K/A Forum Merger III CorpRosen Law Firm, announced it has filed a class action lawsuit on behalf of purchasers of the securities of Electric Last Mile Solutions, Inc. f/k/a Forum Merger III Corp. between March 31, 2021 and February 1, 2022, inclusive. The lawsuit seeks to recover damages for ELMS investors under the federal securities laws. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: ELMS’s previously issued financial statements were false and unreliable; ELMS’s earlier reported financial statements would need restatement; certain ELMS executives and/or directors purchased equity in the Company at substantial discounts to market value without obtaining an independent valuation; on November 25, 2021, the Company’s Board formed an independent Special Committee to conduct an inquiry into certain sales of equity securities made by and to individuals associated with the Company; and as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. If wish to serve as lead plaintiff, then must move the Court no later than April 4, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
공시 • Feb 02+ 2 more updatesElectric Last Mile Solutions, Inc. Announces Leadership TransitionElectric Last Mile Solutions, Inc. announced that Shauna McIntyre, a member of the Company’s Board of Directors, has been appointed as President, succeeding James Taylor, who has resigned from his role as a member of the Board. In addition, Brian Krzanich has been appointed Non-Executive Chairman of the Board, replacing Jason Luo, who has also resigned from his position as Executive Chairman of the Board. The departures follow an investigation conducted by a Special Committee of the Board of Directors. Ms. McIntyre most recently served as President of Ouster Automotive, following over 25 years working with automotive OEMs. Previously, she served as CEO of Sense Photonics, Inc., a 3D vision company building high-performance, mass manufacturable LiDAR solutions for next-generation transportation needs. Prior to that, she led Google's automotive services program, where she supported the release of certain Google products, including Google Maps, into automakers' new vehicle models. During her earlier years at Google she served as Chief of Staff for Google's consumer electronics division, which combines the best of Google AI, software, and hardware. Ms. McIntyre earlier led the U.S. New Mobility Practice for management consulting firm, Egon Zehnder, and was VP of Honeywell's Commercial Vehicle Turbocharger platform. She began her career at Ford, where she automated manufacturing plants overseas and led final assembly production, and later joined McKinsey & Company as a management consultant. Since 2019, she has served on the Board of Directors of Lithia Motors.
Buying Opportunity • Jan 28Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 47%. The fair value is estimated to be US$6.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
공시 • Jan 06Electric Last Mile Solutions, Inc. Announces Product and Tech on Display At CESElectric Last Mile Solutions, Inc. announced it is hosting an exhibit at the Consumer Electronics Show (CES) to be held on January 5-7, 2022. ELMS is displaying both of its ELMS all-electric commercial vehicles – the Class 1 Urban Delivery and Class 3 Urban Utility – at CES. Additionally, ELMS Chief Digital Officer Jonathan Ballon, will present the Company’s digital strategy at CES. The ELMS Urban Delivery is expected to be the first and only Class 1 commercial electric vehicle available in the United States. The Urban Delivery boasts 20% more cargo space (157 cubic feet) than the current leading Class 1 ICE model and targets a best-in-class payload of 2,100 pounds. The newest model of the Urban Delivery that will be on display at CES has an impressive suite of safety systems including a patent pending energy absorbing front bumper system, a full suite of driver side airbags, and advanced seat belt pre-tensioners. This new model of Urban Delivery is expected to join the Urban Delivery campus model for sale to customers later this month. The ELMS Urban Utility is slated for production in the second half of 2022, and it is targeting more than 5,700 pounds of max payload and 125 miles of range. The Urban Delivery’s cab-over chassis design can be configured to cover a wide variety of customer use cases including delivery, construction, landscaping, towing and refrigeration.
Seeking Alpha • Sep 18Electric Last Mile: On Track For Production And TargetsELMS is on track to start with production this month for its class 1 vehicle, aiming for 1,000 units this year. The class 3 vehicle is expected to start production in 2H 2022. ELMS is expecting to have a near first-mover advantage at scale in its respective classes. Revenues of $600-650 million for FY22 at around 19,000 deliveries put ELMS at an attractive 1.3x EV/revenue multiple.
공시 • Sep 08Electric Last Mile Solutions, Inc. Announces Successful Completion of Next Critical Milestone for Start of ProductionElectric Last Mile Solutions, Inc. announced that it successfully completed structural confirmation impact testing for its Urban Delivery commercial class 1 vehicle. With this phase complete, the body design has been frozen. Testing took place at the NHTSA validated Calspan facility in Buffalo, NY. ELMS plans to launch introduction models of the Urban Delivery electric vehicle in the U.S. market beginning late in the third quarter. Production will occur at the Company’s plant in Mishawaka, Indiana.
Breakeven Date Change • Jul 28Forecast to breakeven in 2023The 3 analysts covering Electric Last Mile Solutions expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$99.7m in 2023. Average annual earnings growth of 64% is required to achieve expected profit on schedule.
공시 • Jul 23Electric Last Mile Solutions, Inc. Files Patent Application for Class 1 Commercial Ev Frontal Impact-Absorption Design, Preliminary Vehicle Crash Testing Yields Positive ResultsElectric Last Mile Solutions, Inc. announced that it has filed a provisional patent with the United States Patent and Trademark Office (“USPTO”) related to the development of its EV crash protection system to improve vehicle and occupant safety and battery stability in the event of a collision. The design encompassed in ELMS’ provisional patent application allows for the hollow channel bumper, crash boxes, tubular supports and ring assembly to crumple in stages upon frontal impact to absorb and redirect the energy to protect the occupant as well as the high voltage battery. ELMS expects to hold its next round of crash tests in August and intends to utilize the energy-absorbing front body vehicle assembly design in the Urban Delivery, which the Company intends to launch later this year. The ELMS’ Urban Delivery is expected to be the first Class 1 commercial electric vehicle available in the U.S. market and will be produced at the Company’s 675,000 square foot plant in Mishawaka, Indiana.