Battery-electric delivery van startup Electric Last Mile Solutions (ELMS) has filed for bankruptcy liquidation, ending a long slide that included insider trading, an SEC investigation and a bear market that is pummeling newly public transportation companies.
“Unfortunately, there were too many obstacles for us to overcome in the short amount of time available to us,” Shauna McIntyre, interim CEO and president, said in a press release.
In an 8-K filing Sunday with the Securities and Exchange...
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