Electric Last Mile Solutions, Inc.

Electric Last Mile Solutions, Inc. completed its business combination with Forum Merger IV Corp (Nasdaq: FIII), a blank-check company sponsored by Forum Merger IV LLC, an affiliate of Forum Asset Management, which priced its IPO in 2020. The combined company targeted the commercial electric vehicle sector, specifically urban last-mile delivery vans. The 8-K filed June 14, 2022 relates to the company's announcement that it had initiated voluntary Chapter 7 bankruptcy proceedings, marking the end of active operations after a turbulent post-merger period that included leadership departures and production delays. ELMS represents one of the more closely watched SPAC-backed EV failures of the 2021 vintage. Sign up at SpacDesk for the full filing history, SPAC sponsor profiles, and deal analytics on this and hundreds of other transactions.