As the SPAC boom was beginning to rage two years ago, this column asked why in the world any company would want to be acquired by a former chief executive best known for executing one of the worst acq...
Tag: ELMS
EV-startup Electric Last Mile Solutions files for bankruptcy
Electric vehicle-startup Electric Last Mile Solutions Inc. filed chapter 7 bankruptcy Tuesday. The Troy, Mich.-based vehicle maker listed assets and liabilities each of between $50 million and $100 mi...
ELMS stock outlook as Electric Last Mile goes bankrupt
The Electric Last Mile Solutions (NASDAQ: ELMS) stock price is set to crash to zero after the company filed to go bankrupt. The stock ended the week at $0.51, which was about 96% below its all-time hi...