Added to YB: 2025-01-03
Pitch date: 2025-01-01
ELMSQ [neutral]
Electric Last Mile Solutions, Inc.
+149.38%
current return
Author Info
Tiehack Capital searches the globe for extremely mispriced assets in the overlooked and forgotten areas of the stock market (OTC, nanocap, microcap, etc.) This often comes in the form of special situations (liquidations, recapitalizations, bankruptcies, etc.) and deep value stocks. They run a concentrated portfolio (10-20 stocks) and command a large margin of safety. Sign up for the newsletter.
Company Info
Electric Last Mile Solutions, Inc., a commercial electric vehicle solutions company, focuses on designing, engineering, manufacturing, and customizing electric ‘last mile’ delivery and utility vehicles.
Market Cap
N/A
Pitch Price
$0.04
Price Target
0.36 (+260%)
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Automobiles
Category
special_situation
Observations from a de-SPAC liquidation. - $ELMSQ
ELMSQ (liquidation): Liquidating EV SPAC with $104.6M Mullen asset sale + $38.3M cash vs $57.7M claims. Est. $0.16/share ($20M) distribution in 12-24 months. Ongoing insider lawsuit may add $0.12-$0.20/share. $7M market cap vs potential $0.28-$0.36/share recovery. Risks: unliquidated claims, limited disclosure.
Read full article (6 min)