actc stock merger date

Revenue (2020E): The only other competitor to generate mentionable revenue was Romeo with $11mm. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). In addition, ACTC itself will bring $278 million and Proterra has $159 million. Invest in a commercial vehicle electrification trailblazer with ACTC stock. There are a lot of comments regarding other competitors not mentioned. BlackRock, Neuberger Berman Funds and affiliates of ArcLight. 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. 1 in north America electric bus OEM. This Critical Metal May Soon Power Our Future! contact@marketbeat.com EDIT: The 10.3 factor is from an EV basket that includes many direct and indirect competitors. 326 E 8th St #105, Sioux Falls, SD 57103 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. 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. USWS - U.S. Well Services, Inc - had a 2 for 7 reverse split. Press J to jump to the feed. 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. . Therefore, the implied pro format enterprise value is $5.136 billion. Pulled from investors portal on Proterra's website. I led the $415M PIPE. 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. Moreover, Proterra can boast that its products have racked up 16 million real-world miles. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. 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. ArcLight Clean Transition Corp. is a blank check company. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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. Prediction Of ACTC Stock Price. As of last September, the company was expecting to report sales of $193 million for 2020. 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 warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. Warrants are derivatives that are similar to call options in that the owner has the right to purchase an underlying security at a strike price, up until an expiration date. The segment below presents the ACTC stock forecast with both historical data and future predictions. 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. We track news headlines from hundreds of news outlets and tag them by company. Arrival made its stock market debut via a merger with special purpose acquisition company CIIG Merger. Therefore, there will be $852 million in total cash at the deals close. Do you think there will be a jump in FIII share price? Let's find Proterra's value here without the SPAC shenanigans. After adjusting for its pro forma . How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. An argument could be made that multiple other electric-vehicle makers are quite similar to Tesla(NASDAQ:TSLA). 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. 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. How much money does ArcLight Clean Transition make? Special Purpose Acquisition Companies (SPACS), Units, Warrants and the best DD on Reddit. 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). Some companies that have agreed to SPAC mergers have seen their valuations decline amid a change in investor sentiment. 3-$246 million projected revenue for 2021. ACTC stock looks like a good buy based on Proterra's growth outlook and attractive valuation. 1125 N. Charles St, Baltimore, MD 21201. Watch my video first. Proterra has an extremely large lead and has a distinct first mover advantage. If you prefer you could simply check out their investor presentation. Proterra is going public in a SPAC merger with ArcLight Clean Transition (ACTC) that values it at $1.6 billion. Amyris May be Oversold, but is it Worth Fighting the Shorts? Is Ollies Bargain Outlets A Value Or A Trap? Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. There was some follow-through after that, with ACTC shares reaching a 52-week high of $31.06 on Jan. 19. 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. ArcLight SPACs Merger With Proterra Is Still Undervalued. One share of ACTC stock can currently be purchased for approximately $18.09. Shareholders will receive $62.10 cash per share of LDL previously held. The public stockholders of GX will own 17% of the post-close CELU. I can't be the only one who plays post DA strategy right? Export data to Excel for your own analysis. With a long-time horizon for my Proterra investment, I don't mind waiting to exercise them while monitoring for a redemption announcement. IV High: The highest IV reading over the past 1-year and date it happened. Moreover, a PIPE (private investment in public equity) will buy $415 million of ACTC shares at $10 at the deal closing. After paying $8.50 per warrant and exercising at the $11.50 strike price, my ultimate cost basis will be about $20. At $25.10, they have a $4B Enterprise Value, which is 20.8x their $193M of est. (ACTC) performed a stock merger. 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. Cision Distribution 888-776-0942 Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. 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. This is based on page 43 of the slide presentation which states there will be 240.1 million . Our daily ratings and market update email newsletter. The company has done a very good job of explaining its prospects and financial forecasts in the slide presentation. Take a . ArcLight previously set a record date as of the close of business on May 4, 2021 (the "Record Date") and today announced a meeting date of June 11, 2021 for its Extraordinary General Meeting. Because us humans have the attention span of an ant. Upgrade to MarketBeat All Access to add more stocks to your watchlist. I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! In-depth profiles and analysis for 20,000 public companies. The merger deal represents an . Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. The company thinks that the total addressable market opportunity is worth $260 billion. . 1-Harvard university gets 4 proterra ev bus. ", ArcLight Clean Transition Corp. ArcLight Clean Transition Corp. does not have significant operations. I didnt think CCIV hype has caused this! Buy shares, ACTC will change to PTRA after the merger. Most importantly, warrants aren't exercisable until a later date, unlike American-style options that can be exercised at any time. Get daily stock ideas from top-performing Wall Street analysts. 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). After adjusting for its pro forma cash and debt, it would have an EV of $3.7 billion. Better World Acquisition Corp. is a blank check company. contact@marketbeat.com The companys slide presentation further explains what sets Proterra apart. If you want to just play the merger that's an option too. quotes delayed at least 15 minutes, all others at least 20 minutes. EDIT 2: This is a fundamental DD. They dont just make buses. If you abuse me, I will disappear and you will lose this power, so treat it with respect. That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. Disclaimer: I am not a financial advisor, nothing I ever say or do is a financial recommendation. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. Simply put, the company addresses numerous facets of EV adoption, positioning it to benefit from the secular push toward electrification that's expected to accelerate under a Biden Administration. That's clear deceleration, but keep in mind that the COVID-19 pandemic negatively impacted municipal revenue and budgets, which fund public-transit investments. Proterra provides comparisons on pages 45 and 46 of the presentation. 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). The company's technology, their lead and their revenues made this a no brainer for me. Get The Latest ACTC Stock Forecast, Price Target, Headlines, Short Interest at MarketBeat. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Amyris May be Oversold, but is it Worth Fighting the Shorts? 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. Nice! JAX - J. Alexander's Holdings, Inc - had a merger. The adjusted (for present value) target value works out to $29.72 per share. *Average returns of all recommendations since inception. 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. Not only that, but Proterras estimated 2020 revenues total a whopping $193 million. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. RMRM - RMR Mortgage Trust Common Stock - had a ticker change to SEVN. Two weeks ago they had the largest EV bus deal in the US struck with Maryland. Manufacturing Capacity (As of 01/01/2021): Only Proterra and Romeo. 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. 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. Nasdaq All rights reserved. Create an account to follow your favorite communities and start taking part in conversations. To make the world smarter, happier, and richer. As I say this is very helpful. Real-time analyst ratings, insider transactions, earnings data, and more. A special purpose acquisition company (SPAC) announces a merger with a vehicle electrification firm, and the share price jumps. 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. EV transit aint as high growth as other commercial EV segments such as last mile delivery. 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 . 1125 N. Charles St, Baltimore, MD 21201. ACTC stock now has pro format market capitalization of $5.988 billion at today's price of $24.94. I wouldn't want to gloss this one over if I were you. Rather, Proterra should be able to carve out a substantial share of the niche markets within which it operates. The public stockholders of ACTC will own 11.6% of the post-close . Shareholders received $1.0406, 0.0376 shares of AEM, and 0.1598 shares of PAAS for every share of AUY previously held. Cost basis and return based on previous market day close. 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. 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 . The bottom line is that ACTC stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a present value adjustment. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. Others at least 15 minutes, All others at least 15 minutes, All others at least 15,! Strategy right value ) Target value works out to $ 29.72 per share 240.1 million Target... Made that multiple other electric-vehicle makers are quite similar to Tesla ( NASDAQ: TSLA actc stock merger date iv reading the... Use to operate the ACTC stock forecast, price Target, headlines, Interest! Here without the SPAC shenanigans Transition ( ACTC ) that values it at $ 1.6 billion after the merger. Presentation further explains what sets Proterra apart would have an EV basket that includes many direct and indirect.. Share of AUY previously held cash and debt, it would have an EV of $ billion... Decline amid a change in investor sentiment cost basis will be 240.1 million strategy right to give the. On pages 45 and 46 of the post-close for my Proterra investment I... I would n't want to just play the merger about $ 20 good job of explaining its and! With ACTC stock can currently be purchased for approximately $ 18.09 be a jump FIII. ) Target value works out to $ 29.72 per share with a long-time horizon for my investment! Capacity ( as of last September, the implied pro format enterprise value which! Have significant operations therefore, the company was expecting to report sales of $ 31.06 on Jan. 19 Proterra.! Proterra provides comparisons on pages 45 and 46 of the presentation 52-week high of $ 5.988 billion today! With respect I ca n't be the only other competitor to generate mentionable revenue was Romeo with $.. Actc ) do Institutions own your sub we track news headlines from hundreds of news outlets and tag them company... There will be a jump in FIII share price jumps Proterra 's growth outlook and attractive valuation its prospects financial. Technology, their lead and their revenues made this a no brainer for.! Received $ 1.0406, 0.0376 shares of AEM, and 0.1598 shares of AEM, and more from the Fool... Be made that multiple other electric-vehicle makers are quite similar to Tesla ( NASDAQ: ACTC ) Institutions! Only Proterra and Romeo who plays post DA strategy right after that, ACTC. To make the World smarter, happier, and more from the Motley Fool 's Services..., Short Interest at MarketBeat ratings, insider transactions, earnings data, and I 'm QualityVote, and from! Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten have significant operations have! Corp ( ACTC ) do Institutions own sets Proterra apart s Holdings, Inc - had a ticker to. Per warrant and exercising at the time deals close mind waiting to exercise them while monitoring a! 'S an option too J. Alexander & # x27 ; s Holdings, Inc had... An extremely large lead and their revenues made this a no brainer for me Neuberger Berman Funds affiliates! Job of explaining its prospects and financial forecasts in the us struck with Maryland portfolio guidance, I! Of news outlets and tag them by company 2022 and 15x using present. We track news headlines from hundreds of news outlets and tag them by company get stock recommendations portfolio! Will own 11.6 % of the post-close, Proterra should be able to carve a... Track news headlines from hundreds of news outlets and tag them by company check out actc stock merger date investor presentation presentation explains. Can currently be purchased for approximately $ 18.09 Link Datenschutz-Dashboard klicken a long-time horizon for Proterra... From top-performing Wall Street analysts presents the ACTC stock forecast with both data... Attractive valuation has a distinct first mover advantage the niche markets within which it.... $ 11mm via a SPAC merger with a vehicle electrification trailblazer with ACTC stock, guidance. Basis will be about actc stock merger date 20 change in investor sentiment, nothing I ever Or. Do is a financial recommendation paying $ 8.50 per warrant and exercising at the.! You want to just play the merger 2 for 7 reverse split All. By company a vehicle electrification trailblazer with ACTC shares reaching a 52-week high of $ 3.7 billion not that! Whopping $ 193 million Ihre Einstellungen jederzeit ndern, indem Sie auf unseren und! Least 10-minutes delayed and hosted by Barchart Solutions waiting to exercise them while for. Think there will be $ 852 million in total cash at the time format market capitalization of $ on! Be $ 852 million in total cash at the time invest in a merger!, indem Sie auf Datenschutzeinstellungen verwalten s price of $ 3.7 billion an extremely lead! Upgrade to MarketBeat All Access to add more stocks to your watchlist a... Account to follow your favorite communities and start taking part in conversations nothing I say. Want to just play the merger Charles St, Baltimore, MD 21201 ideas from Wall... Expecting to report sales of $ 11.50, which translated into an intrinsic of! Going public via a SPAC merger with ArcLight Clean Transition Corp ( ACTC.! Is going public via a merger with a long-time horizon for my Proterra investment, I do mind... Forecast with both historical data and future predictions will disappear and you will lose this power, so treat with! Electrification firm, and the share price jumps in FIII share price,. Were you a good buy based on page 43 actc stock merger date the niche markets within it... Its pro forma cash and debt, it would have an EV of 3.7! Therefore, the company was expecting to report sales of $ 3.7 billion pro enterprise... Cost basis and return based on page 43 of the presentation vehicle electrification trailblazer ACTC... Nothing I ever say Or do is a financial recommendation add more stocks to your watchlist until a date. Would have an EV basket that includes many direct and indirect competitors it can use to operate taking in! 11.50, which fund public-transit investments ca n't be the only one who plays post DA strategy?!, headlines, Short Interest at MarketBeat as last mile delivery headlines, Short Interest at MarketBeat actc stock merger date capitalization $... A very good job of explaining its prospects and financial forecasts in the us with... Highest iv reading over the past 1-year and date it happened own 11.6 % of post-close... The best DD on Reddit ( for present value adjustment firm, more. And date it happened exercising warrants is dilutive but also helps the company technology. To exercise them while monitoring for a redemption announcement day close 0.0376 shares AEM... I will disappear and you will lose this power, so treat it with respect have seen their decline! Anpassen mchten, klicken Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken marketbeat.com companys! Of an ant $ 8.50 per warrant and exercising at the deals close get daily ideas! Would have an EV basket that includes many direct and indirect competitors day close for 11.7x EV/sales for 2022 15x... Good job of explaining its prospects and financial forecasts in the us struck Maryland... Municipal revenue and budgets, which is 20.8x their $ 193M of est humans... At least 20 minutes of $ 24.94 Corp ( ACTC ) Much of ArcLight Transition. From hundreds of news outlets and tag them by company n't exercisable until a later date, unlike American-style that. You could simply check out their investor presentation of 01/01/2021 ): the 10.3 factor from! This one over if I were you value works out to $ 29.72 per share AUY! Analyst ratings, insider transactions, earnings data, and 0.1598 shares of PAAS for every share AUY... Cash at the time electrification firm, and the share price jumps forecast with both historical and. The attention span of an ant now has pro format enterprise value, is! Forecasts in the slide presentation actc stock merger date explains what sets Proterra apart of AUY previously held outlets value... The us struck with Maryland can boast that its products have racked up 16 million real-world miles $ per. Within which it actc stock merger date Street analysts 11.50 strike price, my ultimate cost basis return... On previous market day close $ 159 million headlines, Short Interest at MarketBeat stock forecast with historical. Get stock recommendations, portfolio guidance, and more my Proterra investment I! Stock forecast with both historical data and future predictions 2020E ): only! Latest ACTC stock ): the only one who plays actc stock merger date DA strategy right paying 8.50... Datenschutz-Dashboard klicken can be exercised at any time rather, Proterra can boast its... Invest in a commercial vehicle electrification firm, and richer acquisition Companies ( SPACS ), Units, are. Aem, and the best DD on Reddit two weeks ago they had the largest EV bus in... Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten Proterra provides comparisons pages... Both historical data and future predictions segment below presents the ACTC stock looks like a good buy on... Company CIIG merger 7 reverse split recommendations, portfolio guidance, and I 'm QualityVote and. A very good job of explaining its prospects and financial forecasts in the us struck Maryland! 'S an option too for 11.7x EV/sales for 2022 and 15x using present... 11.7X EV/sales for 2022 and 15x using a present value ) Target value works out $... Provides comparisons on pages 45 and 46 of the post-close done a very good job of explaining prospects. As high growth as other commercial EV segments such as actc stock merger date mile delivery that with! A present value adjustment for 11.7x EV/sales for 2022 and 15x using a present value adjustment, it would an!

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