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EV Company Last Mile to List on Nasdaq Through Merger With FIIIEV Company Electric Last Mile to List on Nasdaq Through Merger With Forum Merger III Corporation Pro forma implied equity value of the combined company is approximately $1.4 billion ELMS expects to launch its Urban Delivery van as the first electric Class 1 commercial vehicle in the U.S. market in the third quarter of 2021 Transaction supported by approximately $155 million in fully committed PIPE and related financing anchored by institutional investors including BNP Paribas Asset Management Energy Transition Fund and Jennison Associates LLC Approximately $379 million of gross proceeds expected from the transaction to be used to fund operations and growth Upon closing of the transaction, which is expected to occur in the first quarter of 2021, the combined company will be named Electric Last Mile Solutions, Inc. and will continue to be listed on the Nasdaq Capital Market under the new ticker symbol, “ELMS To date, ELMS has over 30,000 pre-orders from customers including leading brands and some of the largest fleet managers and dealers in the country. www.businesswire.com
FLong
by AlenCiken
Mr. West Daily notes Report no. 2Based on a technical analysis for the month of December, a few stocks are showing signs of an up trend, down trend and consolidation. Here is a separated break down of stock companies. Trending up: ROKT, MICT, ZYNGA, HERO, HERO, DENN, GE, NCLH, BOTZ, MVIS, SNE, SAVE, CCL Trending Down: NIO, CAN Consolidating: AESE, UA, NKLA, JBLU, CRON Majority of the stock that are at a up trend are companies that are technology and industrial type. Both (HERO and BOTZ) ETFS are up so that is a clear indication for long term investments. The down trend stocks are also sharing some relative signs of having a strong up side based off being over bought this past month. However, there will be another progression of the down trend stocks reversing its down trend into an up trend. One stock company in particular has also shown signs of sales increasing due to weather season changes. In the event of the U.S. economy taking a hit through the COVID-19, General Electric stock (GE) has grown with a 5.77% this month. Based on the U.S. climate changing to colder temperatures, there has been a growth of sales and revenue. GE supplies Heaters, Stoves, and Electric powered devices to warm homes. (See image link Below) GE has also shown patterns of spike in sales during this time by using technical chart breakdown of looking at the charts past movement around the months of October to December. With the first signs of snow in the South Eastern part of the U.S., this may indicate that the Company may have a great increase of its share price due to colder temperatures.
NYSE:GEShort
by Grantw04
3rd Time's A Charm For SOLO? NIO Upgrade SympathyLast time we saw SOLO push this hard to the upside was during the first big run in the summer. No news today, obvious speculation on when they'll announce the final facility location. But they have planned that for November based on the last PR. Anyway, great momo today on sympathy from NIO's big upgrade and $40 price target. I also don't see many other EV penny stocks aside from SOLO and maybe AYRO that have some beefiness to them. The few remaining are relatively baseless and just have an idea in my opinion. We'll have to see if this $3.20 resistance continues acting as such. Also worth noting that the current 50 DMA sits at $3.16, another potential point of focus. "While it’s still early in the game, SOLO stock has built a cult-like following over the last few months. Shares were trading around $1.36 when we first began covering the company in June. Seeing how far it’s come shows the high expectations of the market right now in my opinion. It’s also worth mentioning that SOLO stock also traded as high as $6 during the early stages of this bull run in 2020." Original Quote Source: Looking For Hot Auto & EV Penny Stocks To Buy Today? 3 To Know
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by PennyStocks101