Bullboard - Stock Discussion Forum Lion Electric Ord Shs LEGWQ

Primary Symbol: T.LEV Alternate Symbol(s): LEVGQ | T.LEV.WT | LEVWQ | T.LEV.WT.A

The Lion Electric Company is a manufacturer of zero-emission vehicles. The Company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric school buses. It is engaged in electric transportation and designs, builds and assembles many of its vehicles' components, including chassis, battery packs, truck cabins and bus bodies. Each Lion vehicle is... see more

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Lion Electric Ord Shs > Short Circuited

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Post by Tim2Agami on Jun 13, 2022 11:08am

Short Circuited

Long is the way and hard that out of Hell leads up to the light. (Milton)

One cloned competitor down for the count.

Who's on first? What's on second?

Who will be the last van standing?

EV start-up Electric Last Mile Solutions said late Sunday it plans to file for bankruptcy less than a year after it went public with a special purpose acquisition company.

The Michigan-based maker of electric commercial vans said in a release that interim CEO Shauna McIntyre and its board of directors decided on Sunday to file for Chapter 7 bankruptcy protection, which will allow it to liquidate its assets, after a “comprehensive review of the company’s products and commercialization plans” turned up no better option for stakeholders.

ELMS’ public offering, in late June 2021, came amid a wave of SPAC deals that took EV makers public. The company is the first of those post-SPAC EV makers to say that it will declare bankruptcy.

https://www.cnbc.com/2022/06/13/ev-start-up-electric-last-mile-solutions-to-declare-bankruptcy.html

https://finance.yahoo.com/news/ev-truck-startup-electric-last-011103756.html

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