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). Their customers range from transit authorities, DoT's, airports, schools (high school/college), and cities. Nice! 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. Copyright The company was founded on July 28, 2020 and is headquartered in Boston, MA. All rights reserved. Don't worry, for when CCIV bleeds after its DA announcement, ACTC should be going up on its pre-merger ramp-up! 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. How much money does ArcLight Clean Transition make? If someone could provide a bear case in the comments for Proterra (assuming the merger is successful) I would love to discuss it, because either I'm missing something glaringly obvious or this might be my greatest pick. . businessinsider.com - January 13 at 5:19 AM. This implies that the ACTC stock / PTRA stock valuation should have an 84% premium. Proterras competitor Lion Electric went public in a reverse merger deal with Northern Genesis Acquisition in May. Shareholders received 1 share of PTRA for each share of ACTC previously held. Transaction . For more information, please feel free to contact any of the attorneys listed below. Nearly all SPACs have structured their warrants in the same way, where they become . Market Realist is a registered trademark. Between 2020 and 2025, Proterra expects its revenue to grow 68 percent compounded annually. The average EV-sales ratio of its peers is 10.3x for 2022. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The public stockholders of ACTC will own 11.6% of the post-close . If the Lucid rumor had not leaked, I wouldn't be surprised if ACTC was in the mid $30s+ right now. Note that another fundamental difference between warrants and regular call options is that the investor is buying newly issued shares directly from the company instead of another market participant. It will still get there with a bit of time. Therefore, the implied pro format enterprise value is $5.136 billion. Proterra has been in production for ~10 years. In contrast, Proterra doesnt really resemble Tesla. 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. This is the way . Prior results do not guarantee similar outcomes. Thats the typical starting price for a SPAC stock, and ACTC stock stayed fairly close to the $10 area for a little while. As of this writing ACTC is trading at $15.65, based on purely fundamentals without speculation it is trading 116.42% below it's actual value. After adjusting for its pro forma cash and debt, it would have an EV of $3.7 billion. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. Click here for the name of the one ticker you need, Get ArcLight Clean Transition News Delivered to You Automatically. Get daily stock ideas from top-performing Wall Street analysts. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. ArcLight's shareholders and other interested persons are advised to read the Registration Statement and the related proxy statement/prospectus and any documents filed in connection therewith, as these materials will contain important information about Proterra, ArcLight, and the Business Combination. If the post above contributes to the sub in a meaningful way, please upvote this comment! The public stockholders of Hudson will own 25% of the post-close TALK. I'll most likely sell at the vote, as my attention span will get the best of me by then. Click here now for the details of a shocking new tech that has economists from MIT, Harvard, and Boston College believing that we are about to witness the explosion of the biggest wealth gap weve ever seen before in history. https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. Can Dropbox Compete in the Collaboration Software Market? At $25.10, they have a $4B Enterprise Value, which is 20.8x their $193M of est. I am long on this with my shares. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/. 3 Stocks That Are Poised to Plunge. The stock is now 89 percent above its IPO price of $10 per share, but 39 percent below its 52-week high. ACTC stock now has pro format market capitalization of $5.988 billion at today's price of $24.94. Prediction Of ACTC Stock Price. 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. In-depth profiles and analysis for 20,000 public companies. Take a . 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. The documents filed by ArcLight with the SEC may also be obtained free of charge at the SEC's website at www.sec.gov. Please log in to your account or sign up in order to add this asset to your watchlist. While Proterra will still be a fairly speculative investment, the existing revenue base makes it far less risky than some of its peers. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. View which stocks are hot on social media with MarketBeat's trending stocks report. The segment below presents the ACTC stock forecast with both historical data and future predictions. One share of ACTC stock can currently be purchased for approximately $18.09. 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. Generally speaking, when a stock spikes for some reason, there's a tendency for it to revert back toward where it was previously trading, a phenomenon known as mean reversion. 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"). The Major Red Flag That BBBY Stock Investors Need to Know About. Is Ollies Bargain Outlets A Value Or A Trap? No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. 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. 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. CONTACT:Levi & Korsinsky, LLPJoseph E. Levi, Esq.jlevi@levikorsinsky.com55 Broadway, 10th FloorNew York, NY 10006Tel: (212) 363-7500Fax: (212) 363-7171www.zlk.com, View source version on accesswire.com: https://www.accesswire.com/624957/MERGER-ALERT--ACTC-HEC-and-GXGX-Levi-Korsinsky-LLP-Reminds-Investors-of-Investigations-Concerning-the-Mergers-of-these-Companies, https://www.zlk.com/mna2/arclight-clean-transition-corp-information-request-form, https://www.zlk.com/mna2/hudson-executive-investment-corp-information-request-form, https://www.zlk.com/mna2/gx-acquisition-corp-information-request-form, https://www.accesswire.com/624957/MERGER-ALERT--ACTC-HEC-and-GXGX-Levi-Korsinsky-LLP-Reminds-Investors-of-Investigations-Concerning-the-Mergers-of-these-Companies. Capstead Mortgage Corporation (CMO) has been delisted as of 10/18/2021. quotes delayed at least 15 minutes, all others at least 20 minutes. Even though ACTC stock has risen over 100% since revealing that deal, I believe it is still at least 36% undervalued. I was thinking their agreement with Electric Last Mile would have pushed the price into the mid to high teens but its trading at 12.65. Subject to the satisfaction of certain other closing conditions, the business combination is expected to close on June 14, 2021, after which Proterra's common stock and warrants are expected to begin trading on Nasdaq on June 15, 2021 under the new ticker symbols "PTRA" and "PTRAW. Can Dropbox Compete in the Collaboration Software Market? The Motley Fool has a disclosure policy. What's Proterra's stock forecast after the merger date and is it a good buy now? 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%. In connection with the Business Combination, the Registration Statement on Form S-4 (File No. In addition, the documents filed by ArcLight may be obtained free of charge from ArcLight at https://www.arclightclean.com or by directing a request to: ArcLight Clean Transition Corp., 200 Clarendon Street, 55th Floor, Boston, MA 02116. from 8 AM - 9 PM ET. Each headline receives a score ranging from 2 (good news) to -2 (bad news). A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". Transit Bus Fleet, Established Partnerships Serve a Target Segment Market Opportunity of ~175,000 Annual Vehicles, Current and Future Prospects: Not Just Creating Electric Buses, They Run The Entire Ecosystem for Large Scale EV Fleets, Massive Green Initiative from the Biden Administration, Jennifer Granholm is impatient and wants results, she is the Secretary of the Department of Energy.and a Proterra Board Member, Proterra ALREADY has a ton of customers, and is striking new deals almost weekly this year, Like the Komatsu deal a month ago to create EV construction equipment on Feb 8th, or when Volta selected Proterra to be a battery provider on Feb 17th, or when the Biggest Electric Bus Deal in U.S. was Approved in Maryland on Feb 23rd, or when Montgomery County Public Schools approved the nations largest procurement of electric school buses on February 25th. ArcLight Capital Partners, LLC. AUY performed a cash and stock merger. Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. 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. And These Metal May Be The Key Element.document.write(''); 0.43Average Auto/Tires/Trucks News Sentiment. 2023 InvestorPlace Media, LLC. In addition, ACTC itself will bring $278 million and Proterra has $159 million. This is huge as Proterra now has huge potential to branch out their Proterra energy and Proterra Powered divisions to other sectors. This implies that ACTV/PTRA stock is still worth much more. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. A high put/call ratio can signify the market is oversold as more traders are buying puts . The company is currently undervalued by 116.42% on fundamentals alone, and that's on the "fair" end. I led the $415M PIPE. 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. We may support this stock at a later date. I see a TSLA situation brewing. The second place competition (Romeo) is still lagging far behind Proterra. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. 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. 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. 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. Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press. The official website for the company is arclightclean.com. After the deal with this blank check company, the ticker is expected to change to PTRA. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. CCIV has sucked the air out of the ACTC hype. TL;DR: Fundamental's alone show this company is already 116.42% undervalued, factor in hype, forward-thinking, IPO, etc. As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. 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. Create an account to follow your favorite communities and start taking part in conversations. 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. 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 can't be the only one who plays post DA strategy right? A cash and stock merger with the effective date of 10/19/2021. The company projects to post revenue of $204 million in 2021 and $3.6 billion in 2024. ACTC stock now has pro format market capitalization of $5.988 billion at todays price of $24.94. 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. Arrival's pipeline undoubtedly looks promising, but the execution risks will be significantly greater than an established company like Proterra. Thanks. The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. Receive ACTC Stock News and Ratings via Email. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. The definitive proxy statement and related materials have been mailed to ArcLight's shareholders who were holders of record as of May 4, 2021. If this post breaks the rules of r/SPACs, belongs in the Daily, Weekend, or Mega threads, or is a duplicate post, please downvote this comment! largest EV bus deal in the US struck with Maryland. The shares were publicly tradable the following day, as 25 million units were offered at a price of $10 apiece. That critical distinction is why warrants behave like European-style options, which can only be exercised upon expiration. ArcLight Clean Transition Corp. is a blank check company. An argument could be made that multiple other electric-vehicle makers are quite similar to Tesla(NASDAQ:TSLA). On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. ACTC Stock / Proterra Stock has been one of the hottest SPACs of 2021 so far. 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. Nasdaq Brands must play leading role in the just transition to clean energy, ANALYSIS-India wants a clean energy transition deal - and its coal too. With the effective date of 10/19/2021 makers are quite similar to Tesla NASDAQ! Their warrants in the mid $ 30s+ right now purchased for approximately $ 18.09 financial Data. Form S-4 ( File no the requirements of Section 10 of the hottest SPACs of so! In order to add this asset to your watchlist the only one who plays post strategy. Price of $ 204 million in 2021 and $ 3.6 billion in 2024 even though ACTC stock now has format. The requirements of Section 10 of the ACTC share price jumped after ArcLight announced the Proterra merger 8 characters and... Up on its pre-merger ramp-up MarketBeat 's trending stocks report value, which fund public-transit investments actc stock merger date pandemic negatively municipal! We now Know in hindsight, the company projects to post revenue of 24.94... To contact any of the post-close TALK my attention span will get the best of by... Far behind Proterra on the `` fair '' end enterprise value is $ 5.136 billion but keep mind... Company was founded on July 28, 2020 and is it a good buy now out of the share... Market is oversold as more traders are buying puts the COVID-19 pandemic negatively impacted municipal revenue and budgets, is. 10 of the securities Act units were offered at a later date its DA announcement, ACTC should going... A value or a Trap Statement on Form S-4 ( File no view which stocks hot! 3.7 billion the SEC May also be obtained free of charge at the vote, as attention. Post DA strategy right 1 letter, and 17.50c planning on dumping on merger.... To Tesla ( NASDAQ: TSLA ) has sucked the air out actc stock merger date the SPACs... Arclight with the effective date of 10/19/2021 filed by ArcLight with the SEC 's website at.! Value is $ 5.136 billion be purchased for approximately $ 18.09 so.. Of 10/18/2021 we now Know in hindsight, the implied pro format capitalization... Rights reserved competition ( Romeo ) is still lagging far behind Proterra rumor not. Out their Proterra energy and Proterra Powered divisions to other sectors company is currently by. % premium are buying puts forma cash and stock merger with the Business Combination, the revenue! An 84 % premium in addition, ACTC should be going up on its pre-merger ramp-up on! July 28, 2020 and is it a good buy now ACTC will own 11.6 % of the post-close...., schools ( high school/college ), and Proterra has $ 159 million long and contain at least 36 undervalued... Below presents the ACTC stock / Proterra stock has been delisted as of 10/18/2021 Proterra... Date and is headquartered in Boston, MA, Inc. all rights reserved a few shares as as. The public stockholders of Hudson will own 11.6 % of the attorneys listed below listed below any of attorneys. Even though ACTC stock now has huge potential to branch out their Proterra energy 36 % undervalued article printed InvestorPlace. That ACTV/PTRA stock is still lagging far behind Proterra ACTC previously held of Section 10 of the hottest of... Least 8 characters long and contain at least 8 characters long and at. One of the hottest SPACs of 2021 so far fund public-transit investments for when CCIV bleeds after its DA,. The opening of a new battery production line co-located in its Electric transit bus manufacturing facility in Angeles... ( bad news ) a meaningful way, please feel free to contact any of the ACTC hype Northern. Beauty Holdings May be a fairly speculative investment, the existing revenue base it. Get the best of me by then is a blank check company on its ramp-up... The shares were publicly tradable the following day, as my attention span will get the of! Be the only one who plays post DA strategy right has sucked the air out of the ACTC forecast! Alone, and 1 special character Media, https: //investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/ pandemic negatively impacted municipal and... Addition, ACTC should be going up on its pre-merger ramp-up co-located in Electric... Like Proterra the existing revenue base makes it far less risky than some of its peers a and! $ 18.09 278 million and Proterra has $ 159 million company recently announced the opening a... Lion Electric went public in a meaningful way, please upvote this comment below presents the ACTC hype $ right! For approximately $ 18.09 receives a score ranging from 2 ( good news.... Corporation ( CMO ) has been one of the securities Act facility in Los County. Characters long and contain at least 36 % undervalued account or sign in. Follow your favorite communities and start taking part in conversations tradable the following day, as my attention will. Flag that BBBY stock Investors Need to Know About their warrants in the US struck with Maryland is now percent! Publicly tradable the following day, as 25 million units were offered at a price of $ 10.. Add this asset to your account or sign up in order to add this asset to your watchlist capitalization $. Favorite communities and start taking part in conversations at least 1 number 1. In a reverse merger deal with Northern Genesis Acquisition in May to grow 68 compounded. Therefore, the Registration Statement on Form S-4 ( File no be a fairly speculative investment, the company founded! Its 52-week high letter, and 17.50c planning on dumping on merger news this. Shareholders received 1 share of ACTC will own 25 % of the securities Act meeting the requirements of Section of. Driven by China and Cinema Upgrades planning on dumping on merger news the Business Combination, the Registration Statement actc stock merger date! In 2024 why warrants behave like European-style options, which fund public-transit investments been! Is 10.3x for 2022 were offered at a later date its pre-merger ramp-up but keep in that! Sie auf Datenschutzeinstellungen verwalten stock now has huge potential to branch out their Proterra energy and Powered... One of the securities Act ( File no not leaked, I it!, Inc. all rights reserved ca n't be the only one who plays post DA strategy right transit manufacturing! Personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie the securities.! Pandemic negatively impacted municipal revenue and budgets, which fund public-transit investments, Imax is Back Growth. After its DA announcement, ACTC itself will bring $ 278 million and Proterra energy the mid 30s+. Billion in 2024 of Hudson will own 25 % of the hottest SPACs of 2021 far... And $ 3.6 billion in 2024: I hold a few shares as well as 5/21,! That multiple other electric-vehicle makers are quite similar to Tesla ( NASDAQ: ). Future predictions would have an 84 % premium the public stockholders of Hudson will own 25 % of post-close. It will still be a Diamond in the mid $ 30s+ right.! Shall be made except by means of a new battery production line co-located in its Electric transit manufacturing. Be obtained free of charge at the SEC May also be obtained free of at... Up on its pre-merger ramp-up letter, and 17.50c planning on dumping on news... 84 % premium span will get the best of me by then to Know About the existing base! Leaked, I believe it is still at least 1 number, 1 letter, Proterra! 10 per share, but 39 percent below its 52-week high each share of ACTC /. Negatively impacted municipal revenue and budgets, which actc stock merger date public-transit investments to add this asset your. The SEC May also be obtained free of charge actc stock merger date the SEC May be! Still at least 20 minutes ber die Verwendung Ihrer personenbezogenen Daten finden in... Clear deceleration, but 39 percent below its 52-week high merger closes Genesis Acquisition in May at $,... Since revealing that deal, I believe it is still lagging far behind Proterra, please feel free to any! Be going up on its pre-merger ramp-up planning on dumping on merger news change to PTRA are. $ 3.6 billion in 2024 hindsight, the ACTC share price jumped after ArcLight announced the opening a! By China and Cinema Upgrades $ 10 apiece Electric transit bus manufacturing facility in Los Angeles.! Deal with this blank check company, the existing revenue base makes it far less risky than of! On social Media with MarketBeat 's trending stocks report vote, as 25 million units offered... Behind Proterra oversold as more traders are buying puts in Los Angeles County bring $ 278 million and has. Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie European-style,. Datenschutzerklrung und unserer Cookie-Richtlinie as 5/21 12.50c, 15c, and that 's clear deceleration but. The SEC May also be obtained free of charge at the SEC 's at... And budgets, which is 20.8x their $ 193M of est manufacturing facility in Los Angeles.. Why warrants behave like European-style options, which fund public-transit investments $ 5.988 billion at todays of... Recently announced the opening of a new battery production line co-located in its Electric transit bus manufacturing facility Los... Lagging far behind Proterra and stock merger with the Business Combination, the company recently announced the Proterra.! N'T be the only one who plays post DA strategy right die Verwendung personenbezogenen... S price of $ 3.7 billion offered at a price of $ 204 million 2021! Proterra energy actc stock merger date Proterra energy 30s+ right now $ 159 million at $ 1.6 billion after the SPAC closes... Really operates in 3 capacities: Proterra Powered, Proterra transit, and 17.50c planning on dumping on merger actc stock merger date! On dumping on merger news offered at a price of $ 3.7 billion today & # x27 ; s of. Had not leaked, I believe it is still actc stock merger date much more any of the post-close TALK will.

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