Electric Last Mile Solutions (ELMS), a commercial electric vehicle (EV) company, has announced that it plans to file for Chapter 7 bankruptcy, less than a year after it went public through a merger with a special purpose acquisition company (SPAC). The company’s CEO Jim Taylor and executive chairman Jason Luo resigned in February 2022 following…
Vehicle Maker Electric Last Mile Files For Bankruptcy
June 14, 2022
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Bankruptcy filingsBusiness & MarketsCompaniesElectric VehiclesEV makerSEC investigationSPACUSUS News
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Rivian Raises $11.9 Billion in Upsized IPO: What You Need to Know
Rivian Automotive Inc., an electric vehicle manufacturer backed by Amazon.com Inc. and Ford Motor Co., on Tuesday priced shares in its highly-anticipated initial public offering at $78—well above its earlier expectations—to raise $11.93 billion, regulatory filings showed. What Happened Rivian initially aimed to sell shares in a $57 to $62 a share price range, which…
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