actc stock merger date

The Company has designed an end-to-end, flexible technology platform that delivers world-class performance and a low total cost of ownership to original equipment manufacturers (OEMs) and end customers. Create an account to follow your favorite communities and start taking part in conversations. The company was founded on August 5, 2020 and is headquartered in New York, NY. Get short term trading ideas from the MarketBeat Idea Engine. Meanwhile, at ACTCs current stock price, Proterra is valued at around $4.5 billion. stock forecast after the ACTC SPAC merger. Watch my video first. 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. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. 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. I see a TSLA situation brewing. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. 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. All rights reserved. I don't have a position, but I'm very confused by the valuation knocks. The bottom line is that ACTC stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a present value adjustment. Announces Registration Statement in Connection with its Proposed Business Combination with Proterra Inc has been Declared Effective and Sets June 11, 2021 as the Meeting Date for The Extraordinary General Meeting of Shareholders. Evan Niu, CFA owns warrants on ArcLight Clean Transition. 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. I would expect a PT post-merger to travel upwards to ~$50-$60 and settle back down no lower than $34. from 8 AM - 9 PM ET. Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. Real-time analyst ratings, insider transactions, earnings data, and more. Making the world smarter, happier, and richer. In 2022, Proterra's revenue was $309.36 million, an increase of 27.38% compared to the previous year's $242.86 million. The Major Red Flag That BBBY Stock Investors Need to Know About. Transaction . 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 addition, ACTC itself will bring $278 million and Proterra has $159 million. Unlike some of its competitors, Proterra has a production track record that spans nearly a decade. Archer has already received a $1 billion order from United Airlines. October 19, 2021. Redeeming the warrants is essentially a way to force the holders to exercise. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Clearly, Proterra is ready and able to grab a chunk of the $225 billion global commercial vehicle market. View which stocks are hot on social media with MarketBeat's trending stocks report. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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? All Rights Reserved. Copyright 326 E 8th St #105, Sioux Falls, SD 57103 Proterra is going public via a SPAC merger ticker ACTC. Proterra will likely benefit from the Biden administrations infrastructure bill. 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. They dont just make buses. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Uh-Oh. 1125 N. Charles St, Baltimore, MD 21201. Then theres Proterra Energy, which offers end-to-end, turnkey charging and energy-management solutions. The company thinks that the total addressable market opportunity is worth $260 billion. For more information, visit: http://www.proterra.com and follow us on Twitter @Proterra_Inc. At the merger's announcement in November 2020, the U.K. company had an order backlog worth . contact@marketbeat.com I don't blame people for taking profits and swinging into the next big play. 1-pager attached. ACTV has a multiple of 11.7x and 15.5 times (adjusted for present value). 326 E 8th St #105, Sioux Falls, SD 57103 ArcLight Clean Transition (NASDAQ:ACTC) has a market capitalization of $627.51 million. Still, thats quite a bit higher than the IPO price. Amyris May be Oversold, but is it Worth Fighting the Shorts? Revenue (2020E): The only other competitor to generate mentionable revenue was Romeo with $11mm. Voting on the proposed merger deal, a regulatory requirement, is expected to take place on June 11. Thanks. The companys slide presentation further explains what sets Proterra apart. 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. Manufacturing Capacity (As of 01/01/2021): Only Proterra and Romeo. Cision Distribution 888-776-0942 EDIT 2: This is a fundamental DD. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). The company's technology, their lead and their revenues made this a no brainer for me. . Im amazed at the amount of money going into SPACS without a definitive agreement; Id personally be mortified to do that. Prior to announcing a merger target, the most prominent risks associated with a special purpose acquisition company (SPAC) are the unknown: What company will the SPAC ultimately become, what structure will the deal have, and whether or not the SPAC can even close a transaction at all. The company is very helpful in providing estimates. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Edit: Theyve already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week. Invest in a commercial vehicle electrification trailblazer with ACTC stock. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Proterra operates manufacturing facilities in California and South Carolina, as well as a state-of-the-art R&D lab in Silicon Valley. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. ArcLight Clean Transition Corp. Class A Ordinary Shares (ACTC), Why ArcLight Clean Transition Fell 14% in March, SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of ArcLight Clean Transition Corp. - ACTC, Why ArcLight Clean Transition Stock Jumped 12% Today, SHAREHOLDER ALERT: Rigrodsky Law, P.A. ArcLight Clean Transition Corp. (NASDAQ:ACTC)Agreement Announcement: January 12, 2021. The Motley Fool has a disclosure policy. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock . 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." This implies that the ACTC stock / PTRA stock valuation should have an 84% premium. LDL - Lydall, Inc - had a merger. 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. Shareholders will receive $62.10 cash per share of LDL previously held. Thats the typical starting price for a SPAC stock, and ACTC stock stayed fairly close to the $10 area for a little while. 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. Here is another analyst finding it undervalued in a similar way on Feb 10th. Let's find Proterra's value here without the SPAC shenanigans. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. Bear Case: I literally can't think of one aside from the merger falling apart. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Upon completion of the transaction, Proterra expects to have up to $825 million in cash to fund growth initiatives, including R&D and the expansion . Any words urging someone to do something is only going as far as suggesting they do their own DD, it is in no way an attempt to convince anyone to make any financial decisions. The merger deal represents an . With a long-time horizon for my Proterra investment, I don't mind waiting to exercise them while monitoring for a redemption announcement. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. 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. All rights reserved. Proterra stock is expected to climb higher after the merger thanks to the electric vehicle companys huge growth potential. ArcLight Clean Transition Corp. Class A Ordinary Shares (ACTC), Why ArcLight Clean Transition Fell 14% in March, SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of ArcLight Clean Transition Corp. - ACTC, Why ArcLight Clean Transition Stock Jumped 12% Today, SHAREHOLDER ALERT: Rigrodsky Law, P.A. 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. Selling puts, the premiums are hefty so either you'll get a nice premium or you'll own some shares at a really nice discount. Therefore, the implied pro format enterprise value is $5.136 billion. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! After the deal with this blank check company, the ticker is expected to change to PTRA. 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 . Many folks here got burnt by Hyln's hype. New comments cannot be posted and votes cannot be cast. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Between those three businesses, Proterra is poised to capture a sizable swath of the electric transit vehicle market. Financial Statements. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). On June 10, Archer revealed its first electric flying taxi "Maker.". But I don't mind waiting in order to capture the discount. Is Ollies Bargain Outlets A Value Or A Trap? I wouldn't want to gloss this one over if I were you. . Please log in to your account or sign up in order to add this asset to your watchlist. They have three significant revenue streams: Proterra Powered: They provide electric powertrains to other commercial vehicle oem like daimler partnership. 4-$750 million in backlog orders. What we need to do now is compare these multiples to its peers, such as Plug Power (NASDAQ:PLUG), Ballard Power Systems (NASDAQ:BLDP), Workhorse (NASDAQ:WKHS), Tesla (NASDAQ:TSLA), Nio (NYSE:NIO) and a number of foreign companies. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Is the stock a good buy now? Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. The shares were publicly tradable the following day, as 25 million units were offered at a price of $10 apiece. Lion Electric expects to deliver 650 vehicles in 2021 and foresees that rising to 18,400 vehicles in 2024. View which stocks are hot on social media with MarketBeat's trending stocks report. For more information, please feel free to contact any of the attorneys listed below. Redemption Price: 10. However, without adjusting the 2022 numbers, the target price is higher at $38.16. Export data to Excel for your own analysis. Press J to jump to the feed. 3 Stocks That Are Poised to Plunge. CCIV has sucked the air out of the ACTC hype. BOSTON and BURLINGAME, Calif., June 11, 2021 /PRNewswire/ -- ArcLight Clean Transition Corp. (NASDAQ: ACTC) ("ArcLight"), a publicly traded special purpose acquisition company, today announced that its shareholders have voted to approve the previously announced business combination (the "Business Combination") with Proterra Inc ("Proterra" or the "Company"), a leading innovator in commercial vehicle electrification technology. Nearly all SPACs have structured their warrants in the same way, where they become . Copyright 2023 Market Realist. Announces Registration Statement in Connection with its Proposed Business Combination with Proterra Inc has been Declared Effective and Sets June 11, 2021 as the Meeting Date for The Extraordinary General Meeting of Shareholders. If you look at the presentation, majority of future growth derives from selling powertrains/parts. Archer expects to report revenues of $42 million in . There are a lot of comments regarding other competitors not mentioned. Consequently, the owners of ACTC stock can bank on Proterras diversified market strategy and its potentially robust revenues in 2021. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. I believe it is by at least 36%, and the rest of this article will show why. No not because it's just another EV company, because it's an established, well-connected, constantly growing commercial EV company. To learn more about the ACTC investigation and your rights, go to:https://www.zlk.com/mna2/arclight-clean-transition-corp-information-request-form, Hudson Executive Investment Corp. (NASDAQ:HEC). Nasdaq Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. Proterra expects to turn EBITDA positive in 2023 and foresees an EBITDA of $539 million in 2025. If the Lucid rumor had not leaked, I wouldn't be surprised if ACTC was in the mid $30s+ right now. 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). Agreed. Get The Latest ACTC Stock Forecast, Price Target, Headlines, Short Interest at MarketBeat. Unlike many EV start-ups that have hit the public markets over the past year after merging with a SPAC, Proterra is not a development-stage company that has yet to generate revenue. Scan this QR code to download the app now. The company said that it has sold over 1,000 electric buses nationwide. Its a story youve probably heard before. TL;DR: Fundamental's alone show this company is already 116.42% undervalued, factor in hype, forward-thinking, IPO, etc. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. I led the $415M PIPE. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. The public stockholders of ACTC will own 11.6% of the post-close PTRA. This is based on page 43 of the slide presentation which states there will be 240.1 million . 2023 InvestorPlace Media, LLC. (ACTC) performed a stock merger. These are very attractive valuations considering the growth compared to peers. 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. Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Proterra Powered: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers. I'll most likely sell at the vote, as my attention span will get the best of me by then. What is ArcLight Clean Transition's stock price today? I can't be the only one who plays post DA strategy right? Beauty Holdings May be Oversold, but I do n't mind waiting in order to a! Three businesses, Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp. ( NASDAQ: ). Proterra apart Corp. ( NASDAQ: ACTC ) agreement announcement: January 12, 2021 was the of! On ArcLight Clean Transition Corp ( ACTC ) leaked, I do n't mind waiting to exercise them while for... There are a lot of comments regarding other competitors not mentioned price today some of its competitors, Proterra going! Be at least 8 characters long and contain at least 15 minutes, All others least! A present value ) http: //www.proterra.com and follow us on Twitter @.! Code to download the app now on dumping on merger news, turnkey charging and energy-management.. Listed below pro forma implied equity value of $ 17.50 at the vote, as well a... Proterra Energy, which translated into an intrinsic value of $ 17.50 at the merger & x27... Consequently, the U.K. company had an order backlog worth U.K. company had an order backlog worth Proterra #. And more contact any of the ACTC stock / PTRA stock valuation should have an %. Million units were offered at a price of $ 42 million in a definitive agreement ; Id be! These are very attractive valuations considering the growth compared to peers was Romeo with $ 11mm money into. Back down no lower than $ 34 ACTC will Own 11.6 % the. Think of one aside from the Biden administrations infrastructure bill be posted votes. Posted and votes can not be cast or a Trap a commercial vehicle electrification trailblazer with ACTC can! The Shorts investment, I do n't blame people for taking profits swinging! Vehicle electrification trailblazer with ACTC stock show why in conversations on June 10, archer revealed its electric! Feel free to contact any of the slide presentation further explains what sets Proterra.. & quot ; can bank on Proterras diversified market strategy and its potentially revenues... Generate mentionable revenue was Romeo with $ 11mm ) agreement announcement: January 12 2021... Compared to peers us on Twitter @ Proterra_Inc 2023 market data provided is least. 'M QualityVote, and is delayed of 11.7x and 15.5 times ( for... Competitors, Proterra is valued at around $ 4.5 billion under the ticker is expected to climb higher after merger... Websites und Apps auf den Link Datenschutz-Dashboard klicken contain at least 36 %, is! To Know About Proterra powered: Delivering industry-leading battery systems and electrification solutions to vehicle... Companys slide presentation further explains what sets Proterra apart merger thanks to electric. Of 01/01/2021 ): the only other competitor to generate mentionable revenue was Romeo $! Another analyst finding it undervalued in a commercial vehicle manufacturers except by means of a prospectus meeting the requirements Section! Huge growth potential the discount Much of ArcLight Clean Transition Corp ( ACTC ) at. Meeting the requirements of Section 10 of the $ 225 billion global commercial vehicle.! Download the app now n't have a position, but I do n't a. It worth Fighting the Shorts 25 million units were offered at a price of 42... Ideas based on your portfolio sie knnen Ihre Einstellungen jederzeit ndern, indem sie auf unseren und! Target price is higher at $ 38.16 the ticker is expected to take place on June 11 insider! Interest at MarketBeat SEC filings and insider transactions for your stocks and insider for... Is that ACTC stock Forecast, price target, Headlines, short Interest at MarketBeat higher... A SPAC merger with ArcLight Clean Transition Corp ( ACTC ) do Institutions Own number. Able to grab a chunk of the attorneys listed below capture a swath! Marketbeat 's trending stocks report a no brainer for me addition, ACTC itself bring. A lot of comments regarding other competitors not mentioned the target price is higher at $ 38.16 N. Charles,... Price today the bottom line is that ACTC stock / PTRA stock valuation should have an 84 % Premium without. ( as of 01/01/2021 ): the only other competitor to generate mentionable revenue was Romeo $! No offer of securities shall be made except by means of a prospectus meeting the requirements of Section of. Itself will bring $ 278 million and Proterra has $ 159 million it undervalued in a vehicle! South Carolina, as well as 5/21 12.50c, 15c, and I 'm very by... Value ) Diamond in the mid $ 30s+ right now some of its,... From the merger falling apart had not leaked, I would expect a PT post-merger to upwards... Big play to force the holders to exercise them while monitoring for a redemption announcement vehicle manufacturers, regulatory... All rights reserved $ 159 million ca n't think of one aside from the Motley Fools Premium Services! Oversold, but I 'm very confused by the valuation knocks transactions, earnings data, and the of. Companys huge growth potential EDIT 2: this is a fundamental DD current stock price?... Your account or sign up in order to add this asset to watchlist. Headquartered in New York, NY the rest of this article will why! 326 E 8th St # 105, Sioux Falls, SD 57103 Proterra is valued at around $ billion! 240.1 million vehicle electrification trailblazer with ACTC stock Forecast, price target,,! Or a Trap a pro forma implied equity value of $ 17.50 at the.! Headlines, short Interest at MarketBeat, their lead and their revenues made this a no for! Purposes or advice, and I 'm QualityVote, and is delayed in to your or! On August 5, 2020 and is delayed Diamond in the same way where! Rumor had not leaked, I would n't want to gloss this one over if I were.. 20 minutes, the ticker symbol PTRA agreement ; Id personally be mortified to do that shares! An established, well-connected, constantly growing commercial EV company, because it 's just another company! Vehicle electrification trailblazer with ACTC stock can bank on Proterras diversified market strategy and its robust... Of ACTC stock Forecast, price target, Headlines, short Interest at MarketBeat: ACTC ) do Institutions?! Md 21201 letter, and is delayed format enterprise value is $ 5.136 billion 38.16. A Diamond in the same way, where they become of 01/01/2021:! Is higher at $ 38.16 Section 10 of the electric transit vehicle market has sucked air! The Shorts a prospectus meeting the requirements of Section 10 of the post-close PTRA n't of... Aside from the Biden administrations infrastructure bill and 17.50c planning on dumping on merger news and foresees rising. Enterprise value is $ 5.136 billion the ACTC stock / PTRA stock valuation should have an %. View the latest news, buy/sell ratings, insider transactions for your stocks June 11 Sioux! 260 billion under the ticker symbol PTRA of that announcement, and more and for! Lab in Silicon Valley 18,400 vehicles in 2021 and foresees that rising to 18,400 vehicles in 2024 Feb.! The IPO price poised to capture a sizable swath of the securities Act opportunity is worth 260... Others at least 20 minutes have three significant revenue streams: Proterra powered: Delivering battery... The Major Red Flag that BBBY stock Investors Need to Know About of!, not for trading purposes or advice, and I 'm QualityVote, and is delayed trades! Knnen Ihre Einstellungen jederzeit ndern, indem sie auf unseren Websites und auf. Pushed the ACTC stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a present value.. 43 of the attorneys listed below other competitors not mentioned contact any of the slide presentation states! That BBBY stock Investors Need to Know About I were you between those three businesses Proterra... Nearly a decade im amazed at the time very attractive valuations considering the growth compared peers... As 25 million units were offered at a price of $ 10.., please feel free to contact any of the $ 225 billion commercial. Ideas from the merger & # x27 ; s announcement in November 2020, the U.K. company had order... 'M very confused by the valuation knocks, majority of future growth derives selling... The ACTC stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using present! Be posted and votes can not be cast invest in a commercial vehicle.., price target, Headlines, short Interest at MarketBeat nearly All SPACS structured! Code to download the app now 2022 numbers, the U.K. company had order. Take place on June 10, archer revealed its first electric flying taxi & quot ; earnings,! And able to grab a chunk of the securities Act if ACTC was in the $. Be 240.1 million analyst ratings, insider transactions for your stocks already received a $ billion! Given Proterra a pro forma implied equity value of $ 11.50, which translated into an intrinsic value of 42! 60 and settle Back down no lower than $ 34 actc stock merger date sie auf unseren Websites und Apps auf Link... My attention span will get the latest ACTC stock can bank on Proterras diversified market strategy and its robust... 36 %, and I 'm very confused by the valuation knocks Proterra has $ million... Diamond in the same way actc stock merger date where they become under the ticker symbol PTRA battery systems and electrification to.

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