Levi & Korsinsky, LLP notifies investors in Electric Last Mile Solutions, Inc. f/k/a Forum Merger III Corp. (“ELMS” or the “Company”) (NASDAQ: ELMS) of a class action securities lawsuit.

The lawsuit on behalf of ELMS investors has been commenced in the the United States District Court for the District of New Jersey. Affected investors purchased or otherwise acquired certain ELMS securities between March 31, 2021 and February 1, 2022. Follow the link below to get more information and be contacted by a member of our team:

Electric Last Mile Solutions, Inc. f/k/a Forum Merger III Corp. Loss Submission Form

or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.

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Electric Last Mile Solutions, Inc. f/k/a Forum Merger III Corp. NEWS – ELMS NEWS

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) ELMS’s previously issued financial statements were false and unreliable; (2) ELMS’s earlier reported financial statements would need restatement; (3) certain ELMS executives and/or directors purchased equity in the Company at substantial discounts to market value without obtaining an independent valuation; (4) on November 25, 2021 (Thanksgiving), the Company’s Board formed an independent Special Committee to conduct an inquiry into certain sales of equity securities made by and to individuals associated with the Company; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in ELMS during the relevant timeframe, you have until April 4, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery…