Electric Last Mile Solutions, or EVs, Is Going to File for Chapter Seven Bankruptcy

Electric vehicle company electric last mile solutions, or elms, announced that it would be filing for chaper seven bankruptcy. Elms is also something we're going to call an e v spack murger, which translates as an electric vehicle company that listed on public markets through a special purpose acquisition company,. Spacks can raise capital i the public market and then merge with an unlisted real company, one that actually has operations. In short, they ran out of money; may sound surprising givin equit. Investors couldn't get enough of these evs fact shares a year ago.