 Hello everyone in this video we'll go through this particular SPAT merger FII, so this is the forum merger corp and we're going to go through this they're meant to be merging with Last Mile Electric Solutions which is again another electric vehicle company but they've got an interest in strategic direction in the way that they're doing things and we'll go through that in this particular video and why this could have a lot of really good potential going forward into the long term into the medium term as well I've got to say at the start of my video obviously I'm not a financial advisor I teach business in my daily life but I'm by no means an expert on the stock market so obviously do your own research I'm sure you're all doing as well okay so let's get right into what we will cover in this video let's get into what we will cover so what we'll go through is who Last Mile Electric are okay and we'll find some information on that and got some research for you we're going to we're going to do some analysis on Last Mile Electric so why does this actually put it at a competitive advantage above all the other competition in terms of electric vehicles out there in terms of what they're trying to do we may go through a couple of news updates but we're not as much you know I like to keep to the facts rather than speculation but we'll we'll you know maybe look at the news and then also we'll look at the stock price as well in terms of where the stock price could go as well okay so EV company electric Last Mile is set to go public via SPAT merger with foreign merger three III corporation there so this is set to be happening which is which is a good start obviously for this stock so this is set to be happening but just so a bit of a bit of quick information on on who Last Mile Electric is so it says we are creating a new world of EV possibilities for our customers we are a new US electric vehicle company transforming commercial delivery networks for the e-mobility businesses of today and tomorrow our technology is designed to deliver the most reliable and effective last electric last mile solutions combined with integrated deep data analytics customizations and sustainable engineering now this is where the we are maybe looking at the competitive advantage here deep data analytics if they're basing their vehicles off of analytics and and there's there's integrated systems with that that is particularly useful for e-commerce okay you got customization well that's particularly useful for businesses for who may want to contract with them and obviously sustainable engineering in terms of that will probably help running costs if it's more efficient the vehicle then there'll be less running costs and that's obviously economically beneficial in a sustainable way but obviously sustainable in terms of the environment as well so you've got designed to be the most reliable okay and reliability is it's kind of under under recognized really when it comes to electric vehicles because if you think about it if a company is going to get a really big contract for their electric vehicles ultimately they want the cars to be reliable the more reliable they are the more that they deliver on promises then the more they are likely to get contracts and build up a good reputation okay so reliability in terms of the vehicle and their actions is really important and and that's that's really really good that they recognize that and most efficient electric last mile solutions okay so to go for a bit more by the way i'm a new to new to youtube videos in terms of stock market videos have made quite a few have had a massive influx of subscribers so thank you for everybody who supported the channel it's really brilliant that this channel is growing at the rate that it is you know so if you can leave the video a like and get this up in the youtube algorithm that'd be fantastic i'd much appreciate that so this is designed to be the most efficient and reliable electric last mile solution okay so they've got these are some of the vehicles that they've got so ultimately it's this as a terms of one of them so they've got elms e v urban delivery so urban delivery vehicle is a classic leading 170 cubic feet of cargo capacity a range of 150 to 200 miles it's quite good and are capable of fully charging in as little as two hours not bad designed to offer the lowest total cost of ownership compared to gas class one vehicles we'll go into this in terms of specific breakdowns of figures okay but i just want to move on here these are some expert excerpts from the obviously the website and the investor presentation but we'll go into some further information in my analysis analysis on this company in terms of the benefits of investing in this company soon but just for now let's have a quick look through of the leadership so you can notice firstly here we've got an experienced leadership team that have worked in multiple multiple automotive industries okay that's what i see from what i can gather here but let's just go for a couple of these so we've got the CEO founder uh CEO of workforce and the executive of karma 30 years of experience at General Motors serving as president of Cadillac and CEO of Hummer we've got the CEO of key safety systems for china and senior advisor and operating executive so we've got the executive chairman founder and then we've got a range of individuals here that are rarely obviously experienced you'll notice that there's no one here that's you know you've got a lot of people here with experience so they've got a strong leadership team to drive the brand forward and drive the information forward it'd be nice to have a bit more information on the sales individuals as here we go uh national vp of sales and services for automotive north north america senior position of bmw north america for parts logistics and after sales brilliant yep so why why why i'm really concerned obviously really big on the sales factor there is is ultimately they've got to drive the sales of this product to to make it more profitable we just talk about the economies of scale the more products they can sell of this vehicle the cheaper they can get the cost down because the cost of materials will be less even to get it in more wholesale quantities okay so let's have a look here so some some investment highlights and i won't go through all these in detail this is just a overview and so it's transforming last mile commercial delivery so it's a significant market opportunity right so there's a market opportunity there so one trillion one trillion dollars north american e-commerce market okay so in terms of e-commerce delivery favorable environment for green and sustainable initiatives yep proven product market fits and meet last mile demands brilliant establish an agile manufacturing footprint offering fast time to market fast time to market that could be a massive competitive advantage as this demand as we get uh can i write demand is weird writing with a mouse okay as we get more demand yep for these vehicles obviously the idea of having it getting it faster production to market will help and you know will impact the amount of um supply that they can offer so it's about meeting this growing demand because in no doubt in the next um year two three four years there is going to be an even bigger demand so this fast time to market really important go to market strategy and partnerships driven by customer pipeline world-class leadership and executive team yep capital efficient business model yeah in terms of uh capitals and finances we'll go in a minute now this is an interesting slide okay that i took as an excerpt from and i'm not going through the full obviously uh investor relations you can have a look at that in your own time i just wanted to pick out some of the key points here and i thought this slide was quite interesting the fact that you know you get your normal gas vehicles their cost in your in terms of class to 34 000 25 000s and per 100 mile we're looking at these costs and this is the cost for an electric vehicle now um so what we got at the minute i'm not going to write this because it'll take me forever but what have we got at the minute we've got an economic climate which is not fantastic we don't have a fantastic economy uh at the moment so you know what businesses are going to look to do they're going to look to save money and if they can go electric and save this money on the running costs okay and the maintenance costs lower maintenance okay annual energy costs if they're able to save this money then obviously that is better off for that for that business and that is ultimately what a lot of businesses are going to be looking at doing is trying to figure out okay you know we've had this situation with the the pandemic how can they save money okay let's think about the operating costs let's look at electric vehicles and let this is you know what they're offering there okay so saving money that's what it's ultimately doing there for them okay and that's a good way to look at it okay it's always it's obviously it's good to think a green ethical environmentally friendly fantastic but ultimately the bottom line is can the company also save money is it economically more beneficial for them as well on top of the other reasons so what are some of the positives for this company so we've got high growth industry the electric vehicle industry i've said it before i'll say it again it's growing and it's going to continue to grow we've got a cost effective product okay they're building a product that is cost effective uh and a less running costs and you know an initial kind of price for the product is competitive it's sustainable so ultimately a lot of businesses are wanting to be more sustainable it does have an impact on their reputation if they can show that they're being more environmentally friendly that has an impact on their reputation companies are actively looking to do this they're just trying to find the best cost effective measures to do this ultimately and then you've got a good leadership team there as you can tell with the experience and then there's also a strategic direction with a focus on low cost of vehicle okay so we've got the low cost low running costs but another point is the extra storage capacity they're trying to build vehicles that for their size has got more storage capacity than that than their competition so you've got the best of both worlds you've got more storage and less cost now if they can do that that creates a really good unique selling proposition as a company okay so this is the price that we've got at the moment it's 12.54 it's up 0.4% okay so what i'm saying is is if this goes below 12 i'm buying and i haven't actually bought any yet but i'm looking at i'm i'm uh you know keeping this on my radar i'm buying and i'm gonna buy i think this is a long-term company hold because you're really going to see the benefit of the company as they start to scale up the business and they start to offer more sales and solutions for businesses and they have the you know the cost of goods down in terms of economies of scale and we really see the company grow i think this has got a long-term potential you can swing trade it probably if you can get it below 12 there's no doubt that it will go up to sort of 14 15 16 17 and you can you know tick some quick profit but i really do like this company for the mid to long term okay um certainly obviously if it goes up 100 150 you may take some profit because why not but um this has got a lot of potential you know what they're trying to do they've got the really the right kind of eye on the ball so to speak that you know they're really trying to do what needs to be done and they're looking at what the requirements of businesses of you know transportation sectors and providing solutions for those okay so they seem very quite credible in what they're doing um you know it's not pie in the sky like some of these are the SPACs you may not get that reference pie to it i'm talking obviously in terms of um you know unrealistic okay so okay anyway i'm raffling on so that's the end of this video hopefully this was some sort of helpful information on this particular company please do leave the video like as it helps out in the youtube algorithm and also subscribe to the channel and i will be covering more uh stocks in the future as well i'll see everybody later