FIII - another major owner filed a 13g ownership statement today for shares of the SPAC FIII (which is supposed to announce acquisition of EV delivery-van manufacturer ELMS no later than end of March, could be any week now):
BNP PARIBAS ASSET MANAGEMENT UK, Ltd., now owns 1,665,354 shares, or 5.21% of shares.
This is on top of the filing from 2/3/21 notifying that Alpine Global now owns 8.3% of shares-- 2,135,268 shares.
ELMS already has commitment from major players to purchase at least 30k vehicles in 2021-2..... Lots of seasoned mgmt talent running this co., and they'll likely get support from new US Transportation Sec. Buttigieg, since their converted Hummer plant is in a suburb of the mayoral district he used to oversee. Already ELMS is being granted tax breaks from state of Indiana.
Some who've been carefully studying the EV space consider FIII / ELMS among the most undervalued and "ready to roll" names in the U.S.
