Electric Last Mile Solutions Up 40% After Recent Bankruptcy and Delisting Notice

Dow Jones2022-06-18

By Josh Beckerman

Shares of electric-vehicle maker Electric Last Mile Solutions Inc., which filed for bankruptcy Tuesday and said it would liquidate, recently traded up 40% at 39 cents.

In a Tuesday filing with the Securities and Exchange Commission, the company said it didn't intend to appeal a Nasdaq delisting determination. It expects shares will be suspended at the opening of business June 23 and subsequently delisted from Nasdaq.

Write to Josh Beckerman at josh.beckerman@wsj.com

$(END)$ Dow Jones Newswires

June 17, 2022 15:02 ET (19:02 GMT)

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