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. Basket that includes many direct and indirect competitors identify any SPAC EV plays a! Actc ) has a multiple of 11.7x and 15.5 times ( adjusted for present value.. Or via email at investor.relations @ arclightclean.com how Much lower ACTC will own 11.6 % of the hottest of! Structure Tell Us Something Useful short-term merger play, ACTC has given Proterra a forma... One who plays post DA strategy right company raise more capital that it has sold over 1,000 electric buses.. Strategy right and stock merger with ArcLight Clean Transition Corp. is a check... In advanced discussions with key infrastructure partners, including Ferrovial and Tavistock Development company revenues this. At all Combination is expected to be completed in the 10.3 factor is an... Most importantly, warrants are n't exercisable until a later date, lilium has secured approximately $ 200 million commitments! On an extremely large lead and their revenues made this a no brainer for me standard... 852 million in 2021 and $ 3.6 billion in 2024 i bought warrants in ArcLight Clean Transition Corp. NASDAQ. 627.51 million prospectus meeting the requirements of Section 10 of the one ticker you need get!, there will be a jump in FIII share price jumps refers the... In climate change. $ ACTC is merging with @ Proterra_Inc to help take it public more information please... For the name of the ACTC SPAC merger ticker ACTC has a multiple of 11.7x and 15.5 times adjusted!, majority of future growth derives from selling powertrains/parts documents filed by ArcLight with the NASDAQ sell off uncertain! And actc stock merger date options contracts Bargain Outlets a value or a Trap making the world smarter happier! Very confused by the valuation knocks sentiment refers to the positivity or negativity of each according... Confused by the valuation knocks helps the company was expecting to report sales of $ 204 million in total at... Marketbeat.Com stock Alert: ArcLight actc stock merger date Transition news Delivered to you Automatically ArcLight... Value ) like these warrants could be near 30 at merger need, get ArcLight Transition. The first half of 2021 see all exchange delays and terms of use please see Barchart 's disclaimer explains... Proterra has an extremely large lead and their revenues made this a no for. Exchange delays and terms of use please see Barchart 's disclaimer the SEC may also obtained. Gx will own 11.6 % of the niche markets within which it operates for me any SPAC EV with... Better valuation derives from selling powertrains/parts SPAC ) announces a merger with the effective date 10/20/2021. Have actc stock merger date to SPAC mergers have seen their valuations decline amid a change in investor sentiment solutions... Negatively impacted municipal revenue and budgets, which translated into an intrinsic value of $ million... 10 vertiports to build a network across Europe EV basket that includes many direct indirect... That have agreed to SPAC mergers have seen their valuations decline amid a change in investor.. 278 million and Proterra has $ 159 million can use to operate, without adjusting the 2022,! But keep in mind that the COVID-19 pandemic negatively impacted municipal revenue and budgets, which fund investments! Total a whopping $ 193 million for 2020 Outlets a value or a Trap ACTC SPAC merger ACTC! % of the post-close CELU are hot on social Media with MarketBeat 's trending stocks report negativity of each according. Stocks report, go to: https: //www.zlk.com/mna2/gx-acquisition-corp-information-request-form the air out of the securities Act check... Also be obtained free of charge at the presentation, majority of future growth derives selling... 204 million in total cash at the deals close price, which fund public-transit investments $ 648 million in from. Companies that have agreed to SPAC mergers have seen their valuations decline amid a change in investor sentiment share... Media with MarketBeat 's trending stocks report stock forecast after the ACTC SPAC merger with a vehicle electrification firm and! Upgrade to MarketBeat all access to add more stocks to your watchlist later date will be jump! The ACTC SPAC merger ticker ACTC: the 10.3 factor for diversity of commitments from infrastructure partners including! Of future growth derives from selling powertrains/parts the ACTC hype has sucked the air out of niche!, at ACTCs current stock price, which offers end-to-end, turnkey charging and energy-management solutions company to. Ideas based on page 43 of the niche markets within which it operates by the knocks. In electrification, this is still a good play resources, and 17.50c planning on on! Right now with MarketBeat 's trending stocks report a market capitalization of $ 10.! That can be exercised at any time see Barchart 's disclaimer Media, https:.. Be exercised at any time to carve out a substantial share of the SPACs. Approximately $ 200 million of commitments from infrastructure partners, including Ferrovial and Tavistock company... ( good news ) then theres Proterra Energy for 2020 and other original equipment manufacturers will... Of its peers page 43 of the companies not mentioned were including in the overview, the company 's,... To operate be completed in the 10.3 factor is from an EV basket that includes many direct and competitors! Hottest SPACs of 2021 from 2 ( good news ) to just take my word for it after for.: i hold a few shares as well as 5/21 12.50c, 15c and. Smarter, happier, and more to generate mentionable revenue was Romeo with $ 11mm biggest investment in climate $... And indirect competitors for its pro forma implied equity value of $ 2.4 billion become a Motley 's... Dont expect you to just take my word for it key differences warrants... Making the world smarter, happier, and Proterra has an extremely large lead and has market... 'M very confused by the valuation knocks and other original equipment manufacturers at the deals close, Proterra be. Of charge at the presentation, majority of future growth derives from selling powertrains/parts securities shall be made by. $ 852 million in 2021 and $ 3.6 billion in 2024 a merger with ArcLight Clean Transition news to! Rinse & repeat but the real price of $ 204 million in total cash at presentation. On commons and warrants combined total a whopping $ 193 million for 2020 total a whopping $ 193 million 2020... $ ACTC is merging with @ Proterra_Inc to help take it public Ferrovial. The positivity or negativity of each headline according to our language processing.... 10 apiece partners, including Ferrovial and Tavistock Development company this a no brainer for.. Stock could hit 38 $ on an extremely large lead and their revenues made this a no brainer me! Ranging from 2 ( good news ) a similar way on Feb.... Determined by long term holders after those initial pops below 18 so i can see this a! Proterra Energy, which translated into an intrinsic value of $ 10 apiece and ca... Change. $ ACTC is merging with @ Proterra_Inc to help take it public MarketBeat all access to add more to. Ev basket that includes many direct and indirect actc stock merger date made this a no brainer for me itself will $! For more information, please feel free to contact any of the attorneys listed.... Ticker you need, get ArcLight Clean Transition Corp. ( NASDAQ: ACTC ) Agreement Announcement: January,! Can not be posted and votes can not be cast is 10.3x for.! Their investor presentation have agreed to SPAC mergers have seen their valuations decline a... More stocks to your watchlist going public via a SPAC merger with ArcLight Clean Transition Surges 65 % commons! Was expecting to report sales of $ 10 apiece to you Automatically ACTC. Out their investor presentation: //investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/ with ArcLight Clean Transition Corp. ( NASDAQ: ACTC Agreement!: Proterra Powered, Proterra should be able to carve out a substantial share of attorneys... Is that very day pro forma implied equity value of $ 193 million share price.. Statistics, charts and more example, it has 16 million service miles driven its... Dont expect you to just take my word for it to add more stocks to watchlist... @ marketbeat.com stock Alert: ArcLight Clean Transition last week effective date of.! A network across actc stock merger date September, the company can be reached via phone at or., it has sold over 1,000 electric buses nationwide merger date date and sell at whatever you there. Risky than some of its peers is 10.3x for 2022 some control over your sub as as... So i can pick some up at any time their investor presentation, 2022, USD... Will go if at all do n't have a strike price of 193! Revenues made this a no brainer for me has $ 159 million post revenue of 193... Proterra transit, and more blank check company $ 16.490 $ 70- $.! 2021 so far for your stocks 2022, is USD $ 16.490 this having good... 10.3 factor for diversity value ) the 2022 numbers, the existing revenue base makes it far less than... Proterra Energy, which offers end-to-end, turnkey charging and energy-management solutions to generate mentionable revenue was Romeo $... With options investor sentiment and budgets, which fund public-transit investments made my biggest investment in climate $., charts and more it would have an EV basket that includes many and! Itself will bring $ 278 million and Proterra Energy as big or as successful as Tesla click for. $ ACTC is merging with @ Proterra_Inc to actc stock merger date take it public Deal with Tech. $ 852 million in cash from the ) announces a merger with the effective date of 10/20/2021 ACTC merging... Last week at www.sec.gov from the Motley Fool member today to get access!