Forum Merger III Corp. (FIII) Reportedly Eying Electric Van Target ELMS

RUMORS

Forum Merger III Corp. (FIII) Reportedly Eying Electric Van Target ELMS

Another day, another rumored SPAC combination with an electric vehicle (EV) target. Forum Merger III Corp. (NASDAQ:FIII) is now reportedly in talks to combine with electric delivery van-maker ELMS in a deal valuing at about $1 billion, according Reuters. Michigan-based ELMS plans to launch two EV van models over the next two years and plans
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