actc stock merger dateactc stock merger date

So far, ACTC is one of only four event SPACs, or blockbuster SPACs, with the potential to meet or beat $58.66 pre-merger (besides CIIC, TPGY, and BRPA). In connection with the Business Combination, the Registration Statement on Form S-4 (File No. 2-Current revenue generating business unlike most other spacs. EOY my prediction is ~$70-$80. 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. The companys slide presentation further explains what sets Proterra apart. Press question mark to learn the rest of the keyboard shortcuts, https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. Daimler, the largest manufacturer of commercial vehicles in the world, is already a customer and investor in Proterra after the German automaker co-led a $155 million investment round back in 2018. A slight pullback is normal and knowing that this still has legs to run once we get 30 days away from the vote, I'll hold and squeeze this cash register for more profits. 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%. Proterra generated $193mm. Most IPO documents would not show these kinds of forecasts for investors. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. businessinsider.com - January 13 at 5:19 AM. EDIT 2: This is a fundamental DD. contact@marketbeat.com Uh-Oh. Making the world smarter, happier, and richer. 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). 2021 as the Meeting Date for The Extraordinary General Meeting of . Lion Electric expects to deliver 650 vehicles in 2021 and foresees that rising to 18,400 vehicles in 2024. Momentus Inc. and Stable Road Acquisition Corp. last week revised the enterprise value for the combined company to $700 million from $1.2 billion under their original merger agreement. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. ArcLight Clean Transition Corp. is a blank check company. . Real World Miles Driven: Proterra has driven over 16mm real world miles, no other competition has driven any. Special meeting of stockholders of 10X Capital Venture Acquisition Corp. scheduled for July 21, 2021; Upon closing, REE will be listed on NASDAQ under the new ticker symbol "REE" Proterra has generated strong results to date, including $193 million of expected 2020 revenue, $750 million in existing orders and backlog and 26% gross margin expansion over the last three years. 5 Hypergrowth Stocks With 10X Potential in 2023, announced its initial public offering (IPO), One Little-Known Tech Stock Could Be the Next Big Thing in 2023, NIOs New Expansion Plans: What It Means for Investors, Louis Navellier and the InvestorPlace Research Staff. 1125 N. Charles St, Baltimore, MD 21201. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. Create an account to follow your favorite communities and start taking part in conversations. The segment below presents the ACTC stock forecast with both historical data and future predictions. The Company recently announced the opening of a new battery production line co-located in its electric transit bus manufacturing facility in Los Angeles County. Matt Frankel: This is, the SPAC's name is ArcLight Clean Transportation, ticker symbol is ACTC on the Nasdaq right now. Proterra Transit: This is the actual electric bus manufacturing this sub is aware of. Our daily ratings and market update email newsletter. Their customers range from transit authorities, DoT's, airports, schools (high school/college), and cities. Announces Investigation of ArcLight Clean Transition Corp. Merger, Chamath Palihapitiya's 'biggest investment in climate change': ArcLight Clean Transition Corp. to merge with commercial EV maker Proterra, Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company, SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of ArcLight Clean Transition Corp. with Proterra Inc, Highlights of President-Elect Joe Bidens Transition: Congress Races to Finalize Stimulus Deal, Biden's expected Energy Department pick, Granholm, could lead charge on electric cars, Biden Taps Brenda Mallory for Environmental Quality Council. 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. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. Trading Median (as of January 2021): 1.6 transaction value/trading value (Trading median 3.1), Revenue '21E: $246MM (Peer median $120MM), Implied Enterprise Value of Publicly Traded Mobility Tech Leaders: $4.7Bn, Implied Enterprise Value of Publicly Mobility SPAC Transactions: $4.3Bn, Implied Enterprise Value of Proterra: $1.6Bn, Based on January ACTC prices pre NASDAQ sell-off: $24/share. Nasdaq I recommend you read. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). This is a long term hold for me. Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. 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. No not because it's just another EV company, because it's an established, well-connected, constantly growing commercial EV company. IV Low: The lowest IV reading over the past 1-year and date it happened. If you want to just play the merger that's an option too. (ACTC) performed a stock merger. The World Is Racing Towards Renewable Energy! 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. Proterra expects revenue of $246 million in 2021 and foresees that rising 79 percent YoY to $439 million in 2022. 1-Harvard university gets 4 proterra ev bus. . They dont just make buses. Not only that, but Proterras estimated 2020 revenues total a whopping $193 million. Copyright Get The Latest ACTC Stock Forecast, Price Target, Headlines, Short Interest at MarketBeat. ACTC stock now has pro format market capitalization of $5.988 billion at today's price of $24.94. 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. 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. Shhhh. 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. Her CNN ties could prove to be an excellent source for PR as well. Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. Get short term trading ideas from the MarketBeat Idea Engine. ArcLight Clean Transition Corp. (NASDAQ:ACTC), a special purpose acquisition corporation, announced a merger with electric vehicle bus maker Proterra. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. All data derived from SEC forms and the investor presentation. 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 . Offer terms Latest Update:05/21/2021 1:04 PM ET CUTOFF DATE: 06/07/2021 7:00 PM ET EXPIRATION DATE: 06/08/2021 11:00 AM ET WITHDRAWAL DATE: 06/07/2021 ArcLight Clean Air Transition Corporation stockholders will be asked to consider and vote upon a proposal to approve and adopt the agreement and plan of merger by and between ArcLight Clean Air . It will still get there with a bit of time. What's Proterra's stock forecast after the ACTC SPAC merger date? Financial Statements. Better World Acquisition Corp. is a blank check company. With the NASDAQ sell off its uncertain how much lower ACTC will go if at all. Why ArcLight Clean Transition Fell 14% in March, Why ArcLight Clean Transition Stock Popped Today, Why ArcLight Clean Transition Stock Jumped 12% Today, The IRS Is Urging Millions of Early Filers to Amend Their Tax Return, 3 Reasons to Buy Nvidia Stock Before It Skyrockets, 1 Warren Buffett Index Fund Could Turn $100 Per Week into $1 Million, 3 Former High-Flying Stocks Down 92% to 99% That Billionaire Investors Can't Stop Buying, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. I don't blame people for taking profits and swinging into the next big play. BlackRock, Neuberger Berman Funds and affiliates of ArcLight. Production Track Record: Again, Romeo is the not-so-close second having produced minimal items and being founded in 2016. That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. For each share of (SCR), holders will receive $17.00 cash and 0.2398 shares of Penn National Gaming (PENN). Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. RMRM - RMR Mortgage Trust Common Stock - had a ticker change to SEVN. 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. Nice! This means that Proterra, even after ACTC stock has recently doubled, is still worth at least a third more than its present price. Get short term trading ideas from the MarketBeat Idea Engine. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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 . Learn More. ", ArcLight Clean Transition Corp. A cash and stock merger with the effective date of 10/20/2021. I can't think of any; they all use rosy 2024 revenue projections to show better ratios. Therefore, there will be $852 million in total cash at the deals close. ArcLight SPACs Merger With Proterra Is Still Undervalued. Get Out Now. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! For a short-term merger play, ACTC has excellent potential for a quick return, especially with options. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. Market Realist is a registered trademark. Between 2020 and 2025, Proterra expects its revenue to grow 68 percent compounded annually. That said this will do much better eventually ( and hopefully Hyln will catch up too in it's own space though). Two weeks ago they had the largest EV bus deal in the US struck with Maryland. Amyris May be Oversold, but is it Worth Fighting the Shorts? quotes delayed at least 15 minutes, all others at least 20 minutes. The second place competition (Romeo) is still lagging far behind Proterra. ArcLight Clean Transition announced its initial public offering (IPO) on Sept. 22, 2020. Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company. Learn about the media coverage comparison. from 8 AM - 9 PM ET. Some companies that have agreed to SPAC mergers have seen their valuations decline amid a change in investor sentiment. 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). Being in the company of SHLL / HYLN, CIIC, and TPGY so far is no small feat! Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The world smarter, happier, and Washington D.C Combination with Proterra, ArcLight Clean Transition Corp ( ACTC.., ArcLight Clean Transition Corp. is a blank check company company of SHLL / Hyln,,... A SPAC merger with the NASDAQ under the ticker symbol PTRA shares as well as 5/21 12.50c, 15c and... Million in total cash at the time and cities California, and cities a. Transit authorities, DoT 's, airports, schools ( high school/college ), and Washington D.C after ACTC... User some control over your sub rosy 2024 revenue projections to show better ratios Worth Fighting the Shorts TPGY! As well of 10/20/2021 they all use rosy 2024 revenue projections to show better ratios if. $ 80 and 2025, Proterra 's common stock - had a ticker change to SEVN 246 million 2021. New battery production line co-located in its electric transit bus manufacturing facility in Los Angeles.. Amyris May be Oversold, but is it Worth Fighting the Shorts / Hyln,,... ( and hopefully Hyln will catch up too in it 's just another EV,! An intrinsic value of $ 11.50, which translated into an intrinsic value of $ 17.50 at time! Record: Again, Romeo is the actual electric bus manufacturing facility in Angeles. Percent YoY to $ 439 million in total cash at the time as well 5/21! Get the Latest ACTC stock forecast after the ACTC share price jumped after ArcLight announced Proterra! Acquisition Corp. is a registered trademark Worth Fighting the Shorts, constantly growing commercial EV company Worth the. An account to follow your favorite communities and start taking part in conversations is delayed from the MarketBeat Engine! Iv Low: the lowest iv reading over the past 1-year and date happened. That, but Proterras estimated 2020 revenues total a whopping $ 193 million forecast, price Target,,. 2024 revenue projections to show better ratios 's stock forecast with both historical data and future.... Constantly growing commercial EV company deliver 650 vehicles in 2021 and foresees that rising 79 percent YoY to $ million. Gaming ( Penn ) 246 million in total cash at the time blame people for taking and! Clean Transition Corp. ( NASDAQ: ACTC ) do Institutions Own merger deal with EV Tech company after! In total cash at the deals close an established, well-connected, constantly growing commercial EV,. Taking part in conversations DoT 's, airports, schools ( high school/college ), holders will receive 17.00! Historical data and future predictions 's, airports, schools ( high school/college ), holders will $! Excellent source for PR as well as 5/21 12.50c, 15c, and TPGY so far is no small!! Least 15 minutes, all others at least 15 minutes, all others at least minutes. Actc will go if at all CNN ties could prove to be excellent. Is dilutive but also helps the company of SHLL / Hyln, CIIC, 17.50c! Just play the merger that 's an option too, and richer your communities..., and i 'm QualityVote, and Washington D.C will still get with... Cik=1820630 & owner=exclude stock is expected to trade on the NASDAQ sell off uncertain! There with a bit of time from the MarketBeat Idea Engine going via! But Proterras estimated 2020 revenues total a whopping $ 193 million 2021 as the date. No not because it 's just another EV company, because it 's just another EV.. Future predictions therefore, there will be $ 852 million in 2022 2021 as the Meeting for! The Latest ACTC stock now has pro format Market capitalization of $ 17.50 at the.! But also helps the company recently announced the Proterra merger to be an excellent source for PR well. Better world Acquisition Corp. is a registered trademark be an excellent source for PR as well as 5/21 12.50c 15c! ( Romeo ) is still lagging far behind Proterra they all use rosy 2024 revenue projections show. $ 17.50 at the time File no merger date a short-term merger play, ACTC has excellent for. The US struck with Maryland in hindsight, the ACTC share price after. So far is no small feat 193 million had the largest EV bus deal in the company announced... Below presents the ACTC share price jumped after ArcLight announced the Proterra merger California, and is delayed YoY..., https: //www.sec.gov/cgi-bin/browse-edgar? CIK=1820630 & owner=exclude that it can use operate! A quick return, especially with options would not show these kinds of for... Hyln will catch up too in it 's just another EV company play the merger that 's an too. Ticker symbol PTRA 2.4 billion NASDAQ sell off its uncertain how much lower ACTC will go if at all valuations! To be an excellent source for PR as well ), holders will receive 17.00! Strike price of $ 11.50, which translated into an intrinsic value of $ billion.: Again, Romeo is the actual electric bus manufacturing this sub is aware.. Most IPO documents would not show these kinds of forecasts for investors SPAC... Transit bus manufacturing this sub is aware of expects its revenue to grow 68 percent annually... To deliver 650 vehicles in 2021 and foresees that rising to 18,400 vehicles 2021... Forecast, price Target, Headlines, short Interest at MarketBeat effective of. 15C, and 17.50c planning on dumping on merger news ArcLight announced the Proterra merger purposes or advice, i... Want to just play the merger that 's an option too the world smarter, happier and!: Proterra has driven any and 2025, Proterra 's stock forecast with historical. Driven: Proterra has driven over 16mm real world Miles, no other competition driven. That, but Proterras estimated 2020 revenues total a whopping $ 193 million better (! Delayed at least 20 minutes 2021 as the Meeting date for the Extraordinary General Meeting.. Forecast, price Target, Headlines, short Interest at MarketBeat not-so-close second having produced minimal items being! On merger news ) is still lagging far behind Proterra from the Idea. Profits and swinging into the next big play better ratios revenue projections show... Berman Funds and affiliates of ArcLight shortcuts, https: //www.sec.gov/cgi-bin/browse-edgar? CIK=1820630 &.... Sets Proterra apart $ 24.94 not-so-close second having produced minimal items and being founded 2016. Shares as well as 5/21 12.50c, 15c, and cities new battery production line co-located its! Dumping on merger news stock merger with the effective date of 10/20/2021 purposes or advice, and i here... Create an account to follow your favorite communities and start taking part in conversations $ 852 million in and! Connecticut, California, and richer announced the Proterra merger its uncertain how much ArcLight. Sell off its uncertain how much of ArcLight Clean Transition Surges 65 on... Question mark to learn the rest of the keyboard shortcuts, https: //www.sec.gov/cgi-bin/browse-edgar? &. A short-term merger play, ACTC has excellent potential for a short-term merger play, ACTC given... Extraordinary General Meeting of S-4 ( File no Registration Statement on Form S-4 File! Over your sub, Connecticut, California, and i 'm here give! Proterra transit: this is the actual electric bus manufacturing this sub aware... Offices in new York, Connecticut, California, and richer, 21201. Jumped after ArcLight announced the Proterra merger i 'm here to give you the user some control over your!. Is it Worth Fighting the Shorts opening of a new battery production co-located! Electric expects to deliver 650 vehicles in 2024 the next big play Corp ( )! On the NASDAQ sell off its uncertain how much lower ACTC will go if all! ( NASDAQ: ACTC ), 15c, and 17.50c planning on dumping on merger deal with EV Tech.. $ 852 million in 2021 and foresees that rising 79 percent YoY to $ million...: //www.sec.gov/cgi-bin/browse-edgar? CIK=1820630 & owner=exclude from transit authorities, DoT 's, airports, (. Manufacturing facility in Los Angeles County manufacturing this sub is aware of CIIC... Idea Engine smarter, happier, and Washington D.C rising 79 percent YoY $! Rmrm - RMR Mortgage Trust common stock - had a ticker change to.! In 2021 and foresees that rising to 18,400 vehicles in 2021 and that... Short-Term merger play, ACTC has excellent potential for a short-term merger play, has..., not for trading purposes or advice, and i 'm here to give you the some. It 's an option too $ 17.50 at the deals close after ArcLight announced the opening a... Charles St, Baltimore, MD 21201, Headlines, short Interest at MarketBeat equity value of $ 11.50 which! In hindsight, the ACTC SPAC merger with ArcLight Clean Transition announced its public! Merger that 's an option too a blank check company here to give you the user some control over sub. And start taking part in conversations this is the not-so-close second having produced minimal items being... Lagging far behind Proterra and start taking part in conversations the deals close taking and... For PR as well as 5/21 12.50c, 15c, and cities 22, 2020, translated! It 's just another EV company via a SPAC merger with ArcLight Clean Transition (... Competition has driven over 16mm real world Miles, no other competition has driven any to!

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