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Electric Last Mile and Forum Merger III Corporation Announce Board of Director Nominees for Post-Combination Company
January 25, 2021 GMT
TROY, Mich. & DELRAY BEACH, Fla. (BUSINESS WIRE) Jan 25, 2021
Electric Last Mile, Inc. (ELMS), a commercial electric vehicle (EV) solutions company, and Forum Merger III Corporation (NASDAQ: FIII, FIIIU, FIIIW) (Forum) today announced the nominees for the board of directors of the combined company that will result from the previously announced combination of Forum, a special purpose acquisition company, and ELMS. The director nominees bring decades of leadership across the technology, mobility and commercial delivery sectors. Following the proposed business combination, the common stock of the post-combination company is expected to continue to be listed on The Nasdaq Stock Market.
now it s time for the call to action on stocks you need to watch during arch trading. cnbc s matt nesto is here with a look. hello, matt. ? hi, larry. check it out. another day, another new high for the s&p 500 and the nasdaq. the nasdaq is still five points sharp. 1138 was the interview day high and we re still 27% below the 07 peak of october of 07. if you take a look at the big drivers in this marketplace. once again the autos and autoparts makers led by ford and goldman sachs on the price target and the material stocks, aluminum, steel, gold and all strong and banks up for the fifth straight day and the energy stocks back to the fore again. they have been volatile in an up and down session. the slumpers, well, telecom pretty much all by itself and the down almost 2% today and the household and personal products also down about 1%. look at the volatility index. the vix at 1893. that is a new 17-month low. august of 08. some of the big-name movers and the big stock in th
the investigation s ongoing. and i spoke again this morning with the attorney general eric holder, the secretary of homeland security janet napolitano and my counterterrorism and homeland security adviser john brennan. i asked them to keep continue to monitoring the situation, to keep the american people and members of congress informed. here s what we know so far. on christmas day, northwest airlines flight 253 was en route from amsterdam, netherlands, doe troit. as the plane made its final approach to detroit metropolitan. airport a passenger allegedly tried to ignite an explosive device on his body, setting off a fire. thanks to the quick and heroic actions of passengers and crew, the suspect was immediately subdued, the fire was put out, and the plane landed safely. the suspect is now in custody and has been charged with attempting to destroy an aircraft. and a full investigation has been launched into this attempted act of terrorism and we will not rest until we find a