ELMS will attend the Wolfe Research Transportation and Industrials Conference



TROY, Michigan – (COMMERCIAL THREAD) – Electric Last Mile, Inc. (“ELMS”), a commercial electric vehicle company specializing in last mile delivery solutions, today announced that co-founder and CEO James Taylor will participate in Wolfe Research Transportation and Industrials Conference.

Mr. Taylor’s presentation will take place on Thursday, May 27, 2021 from 3:20 p.m. ET to 3:50 p.m. ET and will be webcast. To register and access the event, please click here.

Electric Last Mile, Inc. previously announced a definitive merger agreement with Forum Merger III Corporation (NASDAQ: FIII). Upon closing of the transaction, the amalgamated company will be called Electric Last Mile Solutions, Inc. and will continue to be listed on the Nasdaq Capital Market under the new ticker symbol “ELMS”.

About Electric Last Mile, Inc.

ELMS focuses on redefining the last mile with efficient, connected and customizable solutions. ELMS ‘first vehicle, Urban Delivery, is expected to be the first Class 1 electric vehicle in the US market. The company is headquartered in Troy, Michigan. For more information, please visit www.electriclastmile.com or Twitter @ELMSolutions.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Actual results of Forum Merger III Corporation (“Forum” and ELMS may differ from their expectations, estimates and projections and, therefore, you should not rely on any such forward-looking statements as predictions of future events. Words such as “expect”, “estimate”, “project”, ” budget ”,“ plan ”,“ anticipate ”,“ intend to ”,“ plan ”,“ power ”,“ will ”,“ could ”,“ should, ”“ believe ”,“ predict ”,“ potential ” , “Continuing” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Forum and ELMS ‘expectations with respect to the future performance and anticipated financial impacts of the business combination. previously announced companies of Forum e t ELMS (the “business combination”), the satisfaction of the closing conditions of the combination business, the size, demands and growth potential of the markets for ELMS products and the ability of ELMS to serve these markets, the ability of ELMS to develop innovative products and compete with other companies engaged in the commercial delivery vehicle industry and / or the electric vehicle industry, the ability to attract and retain customers , the schedule to market and estimated cost of ELMS products, the implicit valuation of ELMS and the schedule for completing the business combination. These forward-looking statements involve significant risks and uncertainties which could cause actual results to differ materially from expected results. Most of these factors are beyond the control of the Forum and ELMS and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstance that could result in the termination of the agreement and the related merger plan (“Merger Agreement”). the business combination or could otherwise prevent the completion of the business combination; (2) the inability of ELMS to complete the Carveout Transaction (as defined below); (3) the outcome of any legal proceedings that may be initiated against Forum or ELMS following the announcement of the business combination; (4) the inability to complete the business combination, including due to failure to obtain Forum shareholder approval or other closing conditions in the Merger Agreement; (5) receiving an unsolicited offer from another party for an alternative business transaction that could interfere with the business combination; (6) the impossibility of obtaining the listing of the ordinary shares of the company post-acquisition on the Nasdaq Stock Market or on any other national stock exchange following the business combination; (7) the risk that the announcement and completion of the business combination will disrupt current plans and operations; (8) failure to recognize the anticipated benefits of the business combination, which may be affected, among other things, by competition and the ability of the combined company to grow and manage its growth profitably and to retain employees keys; (9) costs associated with business combinations; (10) changes in applicable laws or regulations; (11) the possibility that ELMS will be adversely affected by other economic, commercial and / or competitive factors; (12) the impact of COVID-19 on the operations of the combined company; and (13) other risks and uncertainties indicated from time to time in the Proxy Circular filed relating to the business combination, including those referred to in the “Risk Factors” section thereof, and in the other documents filed by Forum with the SEC. Some of these risks and uncertainties could in the future be magnified by the COVID-19 outbreak and there could be additional risks that Forum and ELMS consider to be insignificant or that are unknown. Forum and ELMS caution that the above list of factors is not exclusive. Forum and ELMS caution readers not to place undue reliance on forward-looking statements, which speak only as of the date they are posted. ELMS is currently only engaged in limited operations and its ability to implement its business plans and strategies in the future is dependent on the closing of the business combination. The completion of the business combination is subject to, among other conditions, (i) the effectiveness of certain agreements between ELMS and SF Motors, Inc. (d / b / a SERES) (“SERES”), (ii) l ” acquisition by ELMS of a leasehold interest or fee simple title to the Indiana manufacturing facility prior to the business combination (provided Forum has agreed that this condition will be waived upon surrender by ELMS of proof of the written mutual agreement of ELMS and SERES as at the date and time of transfer of possession of the installation to ELMS, which date and time will not be later than two working days after the closing of the business combination), and (iii) the securing by ELMS of the main intellectual property rights related to its proposed activity (collectively, the “Exclusion Operation”). All of the following statements regarding ELMS’s planned activities assume the completion of the Carveout Transaction. Forum and ELMS do not undertake or accept any obligation or commitment to publicly post any updates or revisions to any forward-looking statement to reflect any change in their expectations or any change in the events, conditions or circumstances upon which such statement is based.

Important information about the business combination and where to find it

In connection with the business combination, Forum has filed a preliminary proxy with the United States Securities and Exchange Commission (“SEC”) and intends to file a definitive proxy with the SEC. Forum shareholders and other interested parties are advised to read the preliminary proxy statement and its amendments and, when available, the definitive proxy statement, in connection with the solicitation of proxies by Forum for its special meeting. of the shareholders that will be held to approve, among other things, the business combination, as these documents contain important information about Forum, ELMS and the business combination. When available, the definitive proxy for the business combination will be mailed to Forum shareholders on a registration date to be established for voting on the business combination. Forum shareholders may also obtain a copy of the Preliminary Proxy Circular, its amendments and, when available, the final Proxy Circular, as well as other documents filed with the SEC by Forum, toll-free, on the SEC’s website at www. sec.gov or by directing a request to: Forum Merger III Corporation, 1615 South Congress Avenue, Suite 103, Delray Beach, FL 33445. The information contained in or accessible through the websites referenced in this press release is not incorporated by reference in, and is not a part of, this press release.

Participants in the call for tenders

Forum and its directors and executive officers may be considered participants in the solicitation of proxies relating to the business combination. Information about the directors and officers of Forum and a description of their interests in Forum is set out in the preliminary proxy statement, which has been filed with the SEC, and will be set out in the final proxy statement, when available. filed with the SEC, in connection with the proposed business combination. These documents can be obtained free of charge from the sources indicated above. ELMS and its directors and officers may also be considered as participants in the solicitation of proxies from Forum shareholders in connection with the business combination. A list of the names of such directors and officers and information regarding their interests in the business combination are set out in the preliminary proxy circular, which has been filed with the SEC, and will be set out in the proxy circular. definitive proxies, when filed with the SEC, in connection with the proposed business combination. These documents can be obtained free of charge from the sources indicated above.

No offer or solicitation

This press release does not constitute a solicitation of any proxy, consent or authorization with respect to any security or with respect to the business combination. This press release also does not constitute an offer to sell or the solicitation of an offer to buy any securities, and there will be no sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of such jurisdiction.


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