Electric Last Mile, Inc. (ELMS) has announced that it will unveil its all-electric medium-duty truck, the Urban Utility, at the Route Consultant Contractor Expo on July 30-31 in Nashville, Tennessee. This truck features a range of about 250 miles and a payload capacity of 5,700 pounds. ELMS plans to begin production of the Urban Delivery, the first Class 1 commercial EV in the U.S., later this year. The company will also showcase test drives of its vehicles and highlight its partnership with Randy Marion Automotive Group to enhance its distribution network.
Forum Merger III Corporation (Nasdaq: FIII, FIIU, FIIW) reminds stockholders to vote on the proposed business combination with Electric Last Mile, Inc. (ELMS), which will make ELMS a publicly listed entity under the ticker symbol "ELMS." The virtual Special Meeting is set for June 24, 2021, with voting encouraged by June 23, 2021. If approved, trading of the combined entity will begin shortly after. Stockholders as of the May 20, 2021 record date can vote online, by phone, or by mail. Assistance is available through Forum’s proxy solicitor for those needing help.
Forum Merger III Corporation (Nasdaq: FIII, FIIU, FIIW) is urging shareholders to vote for its proposed business combination with Electric Last Mile, Inc., which would allow ELMS to be publicly traded under the ticker "ELMS". A special meeting for shareholders is set for June 24, 2021, with a voting deadline of June 23, 2021, at 11:59 p.m. ET. Shareholders who owned shares as of May 20, 2021, are encouraged to vote even if they have sold their shares since that date. The closing of the business combination is contingent on various conditions being met.