Nightmare on ELMS Street: Electric Last Mile Solutions faces SEC probe

EV maker Electric Last Mile Solutions faces an SEC probe

The past couple of months for Electric Last Mile Solutions (ELMS) could certainly be described as a horror movie. The tumultuous stretch kicked off in February with a ​​pair of resignations from ex-CEO James Taylor and ex-Chairman Jason Luo, following a board investigation that revealed the two had purchased heavily discounted shares of company stock pre-SPAC merger.

So far in March, things haven’t improved for ELMS. At the beginning of the month, the company announced that it would be laying off

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