Electric Last Mile Solutions Inc (ELMSQ)

[value1008]

Today's after-hours filing 1) announces a cutback of 25% of their extended workforce so that ELMS can concentrate on the essential business plan; and 2) it confirms all the massive legal details about Jason Luo and James Taylor's resignations, formalizes their 2 year consultancy contract, clarifies the status of what stock-shares they still have or don't have, etc.

I simply don't have time to read all of it, but perusing it lightly makes me think there's nothing really different here than what was originally revealed in early Feb. (I could be wrong.)

The stock is down along with the entire sector, which continues to sell off hard. I'm seeing many names (PTRA, QS, RIVN, et al.) struggling as they fall down, down, down.....