Electric Last Mile Solutions Inc (ELMSQ)

[value1008]

There's a huge amount of insider ownership after the merger, so, along with the earnout-shares available in future, they should be highly motivated to perform and get the ELMS shareprice much higher over coming seasons. For those keeping track, here's the tally from the 8-K:

"Immediately after giving effect to the business combination, there were 124,027,012 shares of common stock and warrants to purchase 8,580,375 shares of common stock of the Company issued and outstanding. As of Closing, Jason Luo, the Executive Chairman and President of the Company, beneficially owned approximately 47.8% of the outstanding shares of common stock of the Company."

According to this section of the 8-K, the other ELM stockholders beneficially owned approx. 14.6% of the O/S of common stock, PIPE Investors owned 10.5%, the holders of the ELM Convertible Notes owned 2.2%, SERES owned 4.0%, and the former security holders of Forum owned 21.1% of the outstanding shares of common stock of ELMS.