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ELMS' IR contact Erik Grossman emailed me today,

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value1008 Member Level  Thursday, 07/01/21 05:03:12 PM
Re: value1008 post# 10
Post # of 210 
ELMS' IR contact Erik Grossman emailed me today, saying that with the $268M cash infusion from the merger (after subtracting $26M for banking & legal transaction costs, not my posited figure of $21M), ELMS has $108M more than the $160M needed to fulfill its business plan as outlined in the lengthy SEC proxy document. He further stated:

"There are a couple ways to think about our launch requirements. If you add up the CapEx numbers in the deck through 2025 you get the ~$200m figure. We have stated that we need $160m to execute the business plan laid out – this assumes the cash flow break even in Q4 2022. That is the number James [CEO James Taylor] typically refers to. In summary, we believe we have sufficient capital to execute the business plan laid out in the merger. We’re thrilled to have finally closed and are focused on execution."


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