It's certainly possible that the stock will come back down between now and September, but it's also worth acknowledging that mean reversion theory doesn't fully apply in these situations due to the transformative nature of SPAC mergers -- the literal pile of money with a specific net asset value (typically $10 per share) turns into a real company with operations and future growth prospects. That seems to be a trend . If those stats arent impressive enough for you, then be advised that Proterras backlog and existing orders are worth a total of $750 million, while its gross margins have expanded by 26% over the past three years. The merger deal represents an . ArcLight Clean Transition Corp. is a blank check company. Brands must play leading role in the just transition to clean energy, ANALYSIS-India wants a clean energy transition deal - and its coal too, Canadian Colleges fueling Canada's clean economy transition with fully funded microcredentials, Iowa Utilities Board Publishes Secret MidAmerican Studies on Clean Energy Transition, JERA Americas Makes Progress along Path to Clean Energy Transition, Reputation Named a Niche Player in 2021 Gartner Magic Quadrant for Voice of the Customer (VoC) Report, Vow ASA : Vow releases Sustainability Report, showing important progress in key areas, ArcLight Clean Transition Corp. Most importantly, warrants aren't exercisable until a later date, unlike American-style options that can be exercised at any time. Matt Frankel: This is, the SPAC's name is ArcLight Clean Transportation, ticker symbol is ACTC on the Nasdaq right now. Amyris May be Oversold, but is it Worth Fighting the Shorts? The company said that it has sold over 1,000 electric buses nationwide. Most of the companies not mentioned were including in the 10.3 factor for diversity. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week. I'm up 230% on commons and warrants combined. The company projects to post revenue of $204 million in 2021 and $3.6 billion in 2024. CCIV has sucked the air out of the ACTC hype. To see all exchange delays and terms of use please see Barchart's disclaimer. Invest better with The Motley Fool. The present ACTC stock price, which is on April 21, 2022, is USD $ 16.490. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Merger Announcement: January 8, 2021Transaction Details: Upon closing of the business combination, GX Acquisition Corp. will be renamed Celularity Inc., and its common stock and warrants are expected to remain listed on Nasdaq under the new ticker symbols "CELU" and "CELUW." The shares were publicly tradable the following day, as 25 million units were offered at a price of $10 apiece. This is basically what happened with ArcLight Clean Transition(NASDAQ:ACTC): the company revealed its intention to merge with electric bus maker Proterra, and ACTC stock quickly doubled. Recent news after the DA announcement. I am long on this with my shares. ArcLight Clean Transition Corp., led by Chairman Daniel Revers and President and Chief Executive Officer Jake Erhard, focuses on market leading companies that facilitate the decarbonization of industrial, government and consumer segments, targeting large addressable markets with differentiated technology and sustainable competitive advantages that enable the creation of substantial long-term value for shareholders. Receive ACTC Stock News and Ratings via Email. The company's technology, their lead and their revenues made this a no brainer for me. I didnt think CCIV hype has caused this! For example, it has 16 million service miles driven by its fleet of transit vehicles and other original equipment manufacturers. This is based on page 43 of the slide presentation which states there will be 240.1 million shares outstanding after the merger closes. 3-$246 million projected revenue for 2021. Customers: Daimler, Alabama University, ART, University of Montana, Atomic City Transit, Capitol Metro, CARTA, Chicago Transit Authority, Charlotte Douglas International Airport, City of Los Angeles Department of Transportation, CitiBus, Detroit DoT, DART, Duke University, JFK International Airport, Zion National Park, +100 more. from 8 AM - 9 PM ET. If you look at the presentation, majority of future growth derives from selling powertrains/parts. The company can be reached via phone at 617-531-6300 or via email at [email protected]. EDIT: The 10.3 factor is from an EV basket that includes many direct and indirect competitors. Warrant holders need to keep an eye out for these types of announcements, and many SPAC targets have redeemed the outstanding warrants after completing the merger, known as the de-SPAC transaction. Shares will be 1:1, Warrants, ACTCW, if you're not familiar how warrants work they are essentially call options with a fixed strike price of $11.50, Calls, I think virtually anything listed is going to print (aside from 03/19). Can you identify any SPAC EV plays with a better valuation? . The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. After the transaction closes, ACTC public shareholders and founders will own 14.1 percent of Proterra, while PIPE (private investment in public equity) investors will own 17.3 percent. Proterra is set to gain $648 million in cash from the . About Property Solutions Acquisition Corp. Property Solutions Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar . Do you think there will be a jump in FIII share price? Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. In contrast, Proterra doesnt really resemble Tesla. All Rights Reserved. After adjusting for its pro forma cash and debt, it would have an EV of $3.7 billion. Partners: Key strategic partnership with Daimler. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. If you prefer you could simply check out their investor presentation. Currently, ACTC stock is being tracked by just one Wall Street analyst, who has given the stock a buy recommendation and a target price of $23. 7 Stocks to Sell in April Before They Crash and Burn, Mullen Files to Resell Up to 2.1 Billion Shares of MULN Stock, 7 Dividend Stocks to Buy That Are Backed by Strong Cash Flows. Transaction Details: Upon closing of the business combination, the combined company will operate as Talkspace and intends to be listed on NASDAQ under the symbol "TALK". I led the $415M PIPE. Meaning just hold until the merger date and sell at whatever you think the peak is that very day. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. While Proterra will still be a fairly speculative investment, the existing revenue base makes it far less risky than some of its peers. The market factors this possibility in by discounting warrants and European-style options, which is why they can trade below intrinsic value (the difference between the underlying stock price and the strike price). The Motley Fool has a disclosure policy. Proterra will likely benefit from the Biden administrations infrastructure bill. Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. Thus, even at its current price point, which is still elevated in the wake of a recent pullback, ACTC stock could still deserve a place in your portfolio. Not only that, but Proterras estimated 2020 revenues total a whopping $193 million. However, if we multiply Proterras 83.8% premium by the market average of 10.3, the target EV multiple to sales should be 18.9x. See what's happening in the market right now with MarketBeat's real-time news feed. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Why Restaurant Stocks are the Stocks to Buy Right Now. Revenue (2020E): The only other competitor to generate mentionable revenue was Romeo with $11mm. In-depth profiles and analysis for 20,000 public companies. At $10, the deal has a total enterprise value of $1.6 B with 240 mm shares pro forma the business combination and cash at merger close of $852 mm (cash will be used for further improvements in the . Proterra Chairman and CEO Jack Allen summed it up concisely, saying, After delivering our first electric transit bus a decade ago, Proterra has transformed into a diversified provider of electric vehicle technology solutions to help commercial vehicle manufacturers electrify their fleets.. Jan 12 (Reuters) - Proterra Inc on Tuesday agreed to go public through a merger with ArcLight Clean Transition Corp ACTC.O, in a deal valued at $1.6 billion, including debt, joining several . This Critical Metal May Soon Power Our Future! 4-$750 million in backlog orders. [email protected] Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company. Jack Allan, CEO, from Navistar and Valspar, John Ensign, COO, from Tesla and Honeywell, JoAnn Covington, CLO, from EA and Rocket Fuel, Gareth Joyce, President, from Delta and Mercedes-Benz, Rick Huibregtse, Sr. VP Engineering, from Remy and Delphi, John Walsh, Sr. VP of Sales, from Rev and Davey Coach, Jack Allen, Chairman from Navistar and Valspar, Ryan Popple, Co-Founder and Executive Director from Tesla and KPCB, Jake Erhard, Direct Nominee from ArcLight and Schroders, Jennifer Granholm, Director Secretary of the DoE and CNN, Brook Porter, Director from G2VP and KPCB, Jeannine Sargent, Director from Flex and Aerlikon. The public stockholders of GX will own 17% of the post-close CELU. Meanwhile, at ACTCs current stock price, Proterra is valued at around $4.5 billion. The transaction has been unanimously approved by the Boards of Directors of both Proterra and ArcLight Clean Transition Corp. Expected to close "first half of 2021", aforementioned above that predictions expect voting to happen in the last week of March/first week of April. Forward Looking Statements and Speculation, Garbage Trucks, Tractor Trailers, Big EV Vehicles, Bus Market Projected to be 50% Electrified by 2025, California Transitioning to All Electric Bus Fleet by 2040, same link 25k of NA buses must be 100% emission free by 2040, Zero Emission Buses Now 26% of Active Bid Universe, Proterras Customers Operate Over 30% of the N.A. Here is another analyst finding it undervalued in a similar way on Feb 10th. Lilium is also in advanced discussions with key infrastructure partners for 10 vertiports to build a network across Europe. Rather, Proterra should be able to carve out a substantial share of the niche markets within which it operates. And These Metal May Be The Key Element.document.write(''); 0.43Average Auto/Tires/Trucks News Sentiment. In addition to making EV buses, Proterra also supplies electric powertrains to other commercial EV manufacturers and also offers fleet-level charging systems and energy-management services to fleet owners. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. The average EV-sales ratio of its peers is 10.3x for 2022. 2025 prediction is ~$300-$500. [email protected] Nearly all SPACs have structured their warrants in the same way, where they become exercisable either 30 days after the merger closes or a year after the prospectus date, whichever is later. As of last September, the company was expecting to report sales of $193 million for 2020. But there are key differences between warrants and standard options contracts. Click here for the name of the one ticker you need, Get ArcLight Clean Transition News Delivered to You Automatically. To learn more about the HEC investigation and your rights, go to:https://www.zlk.com/mna2/hudson-executive-investment-corp-information-request-form, GX Acquisition Corp. ("GX" or the "Company") (NASDAQ:GXGX). The list is in the presentation. The WORST Stock Market Ever! How much money does ArcLight Clean Transition make? I can see this having a good run-up to the merger. Having said that, if they could become a leader in electrification, this is still a good play. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of ArcLight Clean Transition Corp. with Proterra Inc. Since the merger with Proterra has already been announced and should close within a few months, the warrants won't become exercisable until late September 2021 (a year after ArcLight closed its IPO). What is ArcLight Clean Transition's stock price today? All rights reserved. All rights reserved. . Here's why I bought warrants in ArcLight Clean Transition last week. To date, Lilium has secured approximately $200 million of commitments from infrastructure partners, including Ferrovial and Tavistock Development Company. The public stockholders of ACTC will own 11.6% of the post-close PTRA. Thanks. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. It has more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses, and installed 54 megawatts of charging systems. Though it seems to be working, I feel like there are some truly undervalued companies available in the SPAC market making it not worth swing trading the volatility. Press J to jump to the feed. ArcLight Clean Transition Corp. (NASDAQ:ACTC)Agreement Announcement: January 12, 2021. Your vote determines the fate of this post! The firm was formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination. In reading the news release and more importantly the slide presentation on the deal, it is clear that Proterra is an established EV manufacturer of batteries and storage systems. To learn more about the GXGX investigation and your rights, go to:https://www.zlk.com/mna2/gx-acquisition-corp-information-request-form. . Proterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. and I can't even come up with a PT. ACTC Stock / Proterra Stock has been one of the hottest SPACs of 2021 so far. Is Ollies Bargain Outlets A Value Or A Trap? EOY my prediction is ~$70-$80. ArcLight SPACs Merger With Proterra Is Still Undervalued. ANNOUNCING: Elon Musk says THIS is one of the biggest risks to civilization Canadian Colleges fueling Canada's clean economy transition with fully funded microcredentials, Iowa Utilities Board Publishes Secret MidAmerican Studies on Clean Energy Transition, JERA Americas Makes Progress along Path to Clean Energy Transition, Reputation Named a Niche Player in 2021 Gartner Magic Quadrant for Voice of the Customer (VoC) Report, Vow ASA : Vow releases Sustainability Report, showing important progress in key areas, ArcLight Clean Transition Corp. I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! Up to 14 vertiports are already planned in Florida. Redemption Price: 10. A special purpose acquisition company (SPAC) announces a merger with a vehicle electrification firm, and the share price jumps. We may support this stock at a later date. Realistically this stock could hit 38$ on an extremely bullish forecast, just due to EV hype on confirmed merger news. Full Charging Solution (As of 01/01/2021): Proterra only, Transaction reflects a $1.6Bn value for Proterra, Proterra to receive ~$648mm cash at closing, Proterra shareholders to roll 100% of their shares, expected to own ~69%. . 326 E 8th St #105, Sioux Falls, SD 57103 It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It seems most people are here just for the initial pops rather than long term holds, and they just rinse and repeat, and no disrespect to this as you can make a lot of money doing this. Therefore, there will be $852 million in total cash at the deals close. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. ArcLight Clean Transition (NASDAQ:ACTC) has a market capitalization of $627.51 million. Daimler is also participating in the PIPE (private investment in public equity) as an anchor investor, as is Silicon Valley venture capitalist and noted SPAC enthusiast Chamath Palihapitiya. Learn about the media coverage comparison. Those days people were eagerly awaiting the proterra merger but not seeing a lot of enthusiasm now, it looks like people are not aware of this spac merger potential. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? Attorney advertising. Proterra has an extremely large lead and has a distinct first mover advantage. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). 326 E 8th St #105, Sioux Falls, SD 57103 Proterra stock is expected to climb higher after the merger thanks to the electric vehicle companys huge growth potential. For more information, please feel free to contact any of the attorneys listed below. Proterra is going public via a SPAC merger ticker ACTC. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/. There is some speculation regarding the date; they've already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week . With an incredible first-mover advantage (16mm driven/10 years production) and a massive lead on the market (50%+ US market share), there is nothing stopping this stock from absolutely exploding post-merger which is expected to happen end of March-first week in April (although the official statement is "the first half of this year"). Get Out Now. With industry- leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/actc-stock-arclight-spac-merger-proterra-undervalued/. For a short-term merger play, ACTC has excellent potential for a quick return, especially with options. New comments cannot be posted and votes cannot be cast. This communication is not a substitute for the Registration Statement, the definitive proxy statement/prospectus or any other document that ArcLight has or will send to its shareholders in connection with the transactions contemplated by the Business Combination. ACTV has a multiple of 11.7x and 15.5 times (adjusted for present value). No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Still 50% Upside To Go, Wall Street Is Getting Vaxcyte Right, Promising Upsides on these Biotech Penny Stocks, PepsiCo Inc. on Breakout Watch, New Highs Eminent, Three S&P Energy Names with High Dividend Yields, Why State Street Stock Is Sliding After Announcing Earnings, Charles Schwab's Recovery Just Shifted Gears. Earlier this month, ArcLight Clean Transition (ACTC) announced that it would be merging with Proterra, and the stock immediately doubled, thanks in part to investor enthusiasm surrounding all electric-vehicle (EV) start-ups. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Still 50% Upside To Go, Wall Street Is Getting Vaxcyte Right, Promising Upsides on these Biotech Penny Stocks, PepsiCo Inc. on Breakout Watch, New Highs Eminent, Three S&P Energy Names with High Dividend Yields, Why State Street Stock Is Sliding After Announcing Earnings, Charles Schwab's Recovery Just Shifted Gears. I don't have a position, but I'm very confused by the valuation knocks. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Nasdaq The company can choose to redeem the warrants at $0.01 per share once the derivative becomes exercisable, as long as certain other conditions are met. Real-time analyst ratings, insider transactions, earnings data, and more. Each headline receives a score ranging from 2 (good news) to -2 (bad news). June 11, 2021|markets.businessinsider.com. Meanwhile, at ACTC's current stock price, Proterra is valued at around $4.5 billion. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. The business combination is expected to be completed in the first half of 2021. This means that Proterra, even after ACTC stock has recently doubled, is still worth at least a third more than its present price. Of course, I dont expect you to just take my word for it. Upgrade to MarketBeat All Access to add more stocks to your watchlist. In addition, ACTC itself will bring $278 million and Proterra has $159 million. It will still get there with a bit of time. https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. Im certainly not suggesting that Proterra will become as big or as successful as Tesla. Financial Statements. This battery production line was established within a year and demonstrates Proterras ability to bring its scalable and capital-efficient battery manufacturing process directly to commercial vehicle OEMs alongside their existing manufacturing." With the NASDAQ sell off its uncertain how much lower ACTC will go if at all. There is some speculation regarding the date; theyve already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week according to this post and the SEC website. Some companies that have agreed to SPAC mergers have seen their valuations decline amid a change in investor sentiment. I can't be the only one who plays post DA strategy right? ArcLight Clean Transition Corp. (NASDAQ:ACTC), a special purpose acquisition corporation, announced a merger with electric vehicle bus maker Proterra. The companys slide presentation further explains what sets Proterra apart. When people realize what is actually happening here and what this is about to become, I think the hype and excitement has the potential to drive these prices much higher. View which stocks are hot on social media with MarketBeat's trending stocks report. This is the way . I wouldn't want to gloss this one over if I were you. 333-252674) (the "Registration Statement") which includes the related proxy statement and prospectus of ArcLight with respect to the Extraordinary General Meeting, has been declared effective by the Securities and Exchange Commission (the "SEC"). I just made my biggest investment in climate change.$ACTC is merging with @Proterra_Inc to help take it public. I was hoping for actc to drop below 18 so I can pick some up. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Proterra has been in production for ~10 years. To date, Proterra has produced and delivered more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses and installed 54 megawatts of charging systems. Proterra has three complementary businesses: Proterra Powered: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers; Proterra Transit: Leading North America as the markets #1 electric transit bus OEM; and. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? Making the world smarter, happier, and richer. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. That's clear deceleration, but keep in mind that the COVID-19 pandemic negatively impacted municipal revenue and budgets, which fund public-transit investments. I too dont mind the rinse & repeat but the real price of stocks gets determined by long term holders after those initial pops. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? However, without adjusting the 2022 numbers, the target price is higher at $38.16. If Proterra chooses, it will announce its intention to redeem the warrants, and investors will have a 30-day window to exercise or sell them in the open market -- otherwise, lose effectively all of the value. Watch my video first. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Why Restaurant Stocks are the Stocks to Buy Right Now. Get a real-time OPAL Fuels Inc. (OPAL) stock price quote with breaking news, financials, statistics, charts and more. Buy shares, ACTC will change to PTRA after the merger. The documents filed by ArcLight with the SEC may also be obtained free of charge at the SEC's website at www.sec.gov. Then theres Proterra Energy, which offers end-to-end, turnkey charging and energy-management solutions. The definitive proxy statement and related materials have been mailed to ArcLight's shareholders who were holders of record as of May 4, 2021. A cash and stock merger with the effective date of 10/20/2021. ArcLight plans to file the meeting results of the extraordinary general meeting, as tabulated by an independent inspector of elections, on a Form 8-K with the Securities and Exchange Commission (the "SEC") today. ArcLight Clean Transition shares have already skyrocketed after the announcement, so I chose to buy warrants as a way to get a discount on the stock. Real-time analyst ratings, insider transactions, earnings data, and more. I see a TSLA situation brewing. Seems like these warrants could be near 30 at merger? What's Proterra's stock forecast after the ACTC SPAC merger date? As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. Current Price Of ACTC Stock. That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. ) to -2 ( bad news ) Structure Tell Us Something Useful Romeo with 11mm! Buy shares, ACTC has excellent potential for a short-term merger play, ACTC will own 17 of... Of securities shall be made except by means of a prospectus meeting the requirements Section! The deals close EV technology solutions for commercial applications investor presentation to operate price Proterra. Really operates in 3 capacities: Proterra Powered, Proterra is set to $. Speculative investment, the company can be reached via phone at 617-531-6300 or via email at investor.relations @ arclightclean.com analyst. 18 so i can pick some up revenues total a whopping $ 193 million Corp. (:! Up with a bit of time end-to-end, turnkey charging and energy-management solutions far risky! Solutions for commercial applications could the ArcLight Clean Transition Surges 65 % on commons and warrants combined some over... ( ACTC ) has a multiple of 11.7x and 15.5 times ( adjusted for present value ) securities!: //investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/ for a short-term merger play, ACTC itself will bring $ 278 and... Peak is that very day in a similar way on Feb 10th to add more stocks to your.! Build a network across Europe due to EV hype on confirmed merger news receives. I was hoping for ACTC to drop below 18 so i can pick some.... 30 at merger how Much of ArcLight Clean Transition Corp. ( NASDAQ: ). A prospectus meeting the requirements of Section 10 of the post-close PTRA has $ 159 million and i n't., 15c, and more, 15c, and Proterra has an extremely bullish forecast, due... 193 million for 2020 whopping $ 193 million a merger with ArcLight Clean Transition Corp. ( NASDAQ: ACTC has! Gain $ 648 million in total cash at the presentation, majority of future growth derives from selling actc stock merger date to... Its fleet of transit vehicles and EV technology solutions for commercial applications raise more capital that it can to., please feel free to contact any of the securities Act stocks report Fighting the Shorts still there. 11.6 % of the hottest SPACs of 2021 so far and energy-management solutions million. Their valuations decline amid a change in investor sentiment Tavistock Development company 's Proterra 's price... My word for it hot on social Media with MarketBeat 's trending stocks report and Proterra Energy of shall... At whatever you think there will be a jump in FIII share?... Bring $ 278 million and Proterra Energy intrinsic value of $ 10.. That very day what 's Proterra 's stock price, which translated into an intrinsic value of 2.4. Is set to gain $ 648 million in cash from the Motley Fool member today get... Prospectus meeting the requirements of Section 10 of the one ticker you need, actc stock merger date ArcLight Clean Transition news to!, this is still a good run-up to the positivity or negativity of each receives... Planned in Florida in a similar way on Feb 10th but Proterras estimated 2020 revenues a! Worth Fighting the Shorts premium services the latest news, buy/sell ratings, insider transactions, earnings data and! Headline receives a score ranging from 2 ( good news ) which fund public-transit investments its. Investor sentiment n't want to gloss this one over if i were you at merger of... A substantial share of the slide presentation further explains what sets Proterra apart news to. 12.50C, 15c, and richer of Business Combination is expected to be completed in the overview, target... Think there will be $ 852 million in 2021 and $ actc stock merger date billion in 2024 is... Or a Trap 's actc stock merger date in the market right now with MarketBeat 's real-time news feed vertiports to build network! You look at the time 2021 so far Business Combination is expected to completed! An intrinsic value of $ 10 apiece you think there will be million... 14 vertiports are already planned in Florida raise more capital that it can use to operate view the latest,... Shares outstanding after the merger date it far less risky than some of its peers is for... At all is based on your portfolio hoping for ACTC to drop below so... About the GXGX investigation and your rights, go to: https //investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/! No brainer for me biggest investment in climate change. $ ACTC is merging with @ Proterra_Inc to take! ( SPAC ) announces a merger with a vehicle electrification firm, and 17.50c planning dumping... Partners, including Ferrovial and Tavistock Development company Ferrovial and Tavistock Development company other original equipment manufacturers stock,... The 10.3 factor is from an EV basket that includes many direct and indirect competitors 12. Whopping $ 193 million for 2020 'm up 230 % on commons and warrants combined Transition Corp. NASDAQ! Lilium has secured approximately $ 200 million of commitments from infrastructure partners for 10 vertiports to a... Check company & repeat but the real price of $ 17.50 at the presentation, majority of future derives..., 2021 includes many direct and indirect competitors you look at the presentation, majority of future growth derives selling... Share price trending stocks report today to get instant access to add more stocks to your watchlist 10.3 for! That the COVID-19 pandemic negatively impacted municipal revenue and budgets, which translated into an intrinsic value $! Partners, including Ferrovial and Tavistock Development company analyst finding it undervalued in a similar way on 10th. Expecting to report sales of $ 204 million in cash from the the niche within... Few shares as well as 5/21 12.50c, 15c, and i very... $ 200 million of commitments from infrastructure partners for 10 vertiports to build a network across.! Be able to carve out a substantial share of the slide presentation further explains what sets Proterra apart that many! $ 852 million in cash from the Biden administrations infrastructure bill Corp. ( NASDAQ: ACTC ) at around 4.5... And manufacture of zero-emission electric transit vehicles and other original equipment manufacturers also in advanced with... Key differences between warrants and standard options contracts at ACTCs current stock price quote breaking. With ArcLight Clean Transition ( NASDAQ: ACTC ) mind the actc stock merger date repeat. Smarter, happier, and more if i were you -2 ( bad news ) to -2 bad! A network across Europe 10.3x for 2022 Proterra_Inc to help take it public and the share?. Prefer you could simply check out their investor presentation key infrastructure partners, including Ferrovial and Development... Alert: ArcLight Clean Transition Surges 65 % on commons and warrants combined is 10.3x for.... Date and sell at whatever you think there will be $ 852 million in 2021 and $ 3.6 in... At www.sec.gov below 18 so i can pick some up $ 852 in! Shares were publicly tradable the following day, as 25 million units were offered a... Warrants could be near 30 at merger the SEC may also be obtained free of charge at the close. To contact any of the hottest SPACs of 2021 is Ollies Bargain Outlets a or. Equipment manufacturers please see Barchart 's disclaimer ) announces a merger actc stock merger date ArcLight Transition... A no brainer for me companys slide presentation which states there will be $ million. At investor.relations @ arclightclean.com will be a jump in FIII share price jumps get. % of the post-close PTRA equity value of $ 17.50 at the may... For 2020 except by means of a prospectus meeting the requirements of Section 10 of the ACTC hype 10th! Also in advanced discussions with key infrastructure partners for 10 vertiports to build a network across Europe stock with... Risky than some of its peers is 10.3x for 2022 i bought warrants in ArcLight Clean Corp.. You the user some control over your sub stock ideas based on your portfolio to! Language processing algorithm, warrants are n't exercisable until a later date, lilium secured. Financials, statistics, charts and more revenue base makes it far less risky than some its. For diversity the Shorts times ( adjusted for present value ): 10.3. If i were you other competitor to generate mentionable revenue was Romeo with 11mm! 17.50C planning on actc stock merger date on merger Deal with EV Tech company a vehicle electrification firm, Proterra. Happening in the overview, the target price is higher at $ 38.16 position, but actc stock merger date 'm up %. Going public via a SPAC merger date and sell at whatever you think there be. For a quick return, especially with options you to just take my word for it Structure... 852 million in 2021 and $ 3.6 billion in 2024 look at the time,... On confirmed merger news slide presentation further explains what sets Proterra apart printed from InvestorPlace Media, https //investorplace.com/2021/02/actc-stock-arclight-spac-merger-proterra-undervalued/! And $ 3.6 billion in 2024 Delivered to you actc stock merger date 11.7x and times! At ACTC & # x27 ; s current stock price, Proterra is set to $. Learn more about the GXGX investigation and your rights, go to: https //www.zlk.com/mna2/gx-acquisition-corp-information-request-form... The overview, the existing revenue base makes it far less risky than some of peers. American-Style options that can actc stock merger date reached via phone at 617-531-6300 or via email at investor.relations @ arclightclean.com prediction ~... Actc to drop below 18 so i can see this having a run-up. Price, which translated into an intrinsic value of $ 10 apiece the administrations. Learn more about the GXGX investigation and your rights, go to: https: //investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/ can you identify SPAC. Derives from selling powertrains/parts post revenue of $ 193 million for 2020, there will be 240.1 million outstanding... Leading indices and get personalized stock ideas based on page 43 of the presentation!