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Electric Last Mile Solutions (Forum Merger III) Priced, Nasdaq: ELMS

Third blank check company formed by SPAC veterans David Boris and Marshall Kiev (completed 6/28/2021).

Industry: SPAC

First Day Return: 0.0%

Industry: SPAC

We are a newly organized blank check company. While we may pursue an initial business combination target in any industry or geographic region, we intend to focus on companies that have an aggregate enterprise value of approximately $500 million to $2 billion, are U.S.-based, have excellent management teams and good growth potential and would benefit from access to capital to fund organic growth or acquisitions. Our management team and board have extensive management experience, with members having served as directors, chief executive officers and chief financial officers, or in other executive and advisory capacities, at publicly-listed and privately-owned companies, including experience with acquisitions, divestitures and corporate strategy and implementation. This experience is spread across a diverse range of industries, including business services, distribution, media, telecommunications, technology, retail, consumer products, education, energy, real estate and financial services. We believe this collective experience will be of significant benefit to us as we evaluate potential initial business combination candidates as well as in operating the post-business combination company.
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IPO Data
IPO File Date 07/29/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 25.0
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/18/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $250
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Delray Beach, FL, United States
Founded 2019
Employees at IPO 2

Electric Last Mile Solutions (Forum Merger III) (ELMS) Performance