Forum Merger III Corp - Ordinary Shares - Class A

NASDAQ:FIII   3:59:44 PM EDT
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Debt Financing / Related, Products, Exchange Changes

Electric Last Mile Inc To List On NASDAQ Through Merger With Forum Merger Iii Corp

Published: 12/11/2020 12:26 GMT
Forum Merger III Corp - Ordinary Shares - Class A (FIII) - :ev Company Electric Last Mile to List on Nasdaq Through Merger With Forum Merger Iii Corp.
Electric Last Mile Inc - Pro Forma Implied Equity Value of Combined Company is About $1.4 Billion at a $10 per Share Price.
Electric Last Mile Inc - Deal Supported by About $155 Million in Fully Committed Pipe.
Electric Last Mile Inc - Related Financing Anchored by Institutional Investors Incl.
Bnp Paribas Asset Management Energy Transition Fund and Jennison Associates Llc.
Electric Last Mile Inc - Expects to Launch Its Urban Delivery Van in U.S. Market in the Q3 2021.
Electric Last Mile Inc - About $379 Million of Gross Proceeds Expected From Deal to Be Used to Fund Operations and Growth.
Electric Last Mile Inc - Combined Company to Be Named Electric Last Mile Solutions, Inc. and Continue to Be Listed on the Nasdaq Under New Ticker Symbol "elms".
Electric Last Mile Inc - Anticipated Proceeds From Proposed Business Combination Expected to Sufficiently Fund Initial Product Launches.
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