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1-pager attached. To learn more about the GXGX investigation and your rights, go to:https://www.zlk.com/mna2/gx-acquisition-corp-information-request-form. NEW YORK, NY / ACCESSWIRE / January 19, 2021 / The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. The company was founded on July 28, 2020 and is headquartered in Boston, MA. Get daily stock ideas from top-performing Wall Street analysts. I think this is an excellent play, now you just need excellent timing. Receive ACTC Stock News and Ratings via Email. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. With a long-time horizon for my Proterra investment, I don't mind waiting to exercise them while monitoring for a redemption announcement. 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. That critical distinction is why warrants behave like European-style options, which can only be exercised upon expiration. (844) 978-6257. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock price to $25 on that day. Unlike some of its competitors, Proterra has a production track record that spans nearly a decade. Copyright Article printed from InvestorPlace Media, https://investorplace.com/2021/02/actc-stock-arclight-spac-merger-proterra-undervalued/. ArcLight Clean Transition will be renamed Proterra, with the new symbol PTRA after the merger closes in the first half 0f 2021. As I say this is very helpful. Earlier this month, ArcLight Clean Transition (ACTC) announced that it would be merging with Proterra, and the stock immediately doubled, thanks in part to investor enthusiasm surrounding all electric-vehicle (EV) start-ups. Proterra will soon go public through the ACTC SPAC. The company is currently undervalued by 116.42% on fundamentals alone, and that's on the "fair" end. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. CCIV has sucked the air out of the ACTC hype. LDL - Lydall, Inc - had a merger. Scan this QR code to download the app now. 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. 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" People may receive compensation for some links to products and services on this website. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. I recommend you read. So Ill explain Proterras particular value proposition now. That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. I can see this having a good run-up to the merger. The company said that it has sold over 1,000 electric buses nationwide. As of last September, the company was expecting to report sales of $193 million for 2020. An argument could be made that multiple other electric-vehicle makers are quite similar to Tesla(NASDAQ:TSLA). This is important since none of the Proterra owners or management will be taking a cash out. Up to 14 vertiports are already planned in Florida. 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 . Don't worry, for when CCIV bleeds after its DA announcement, ACTC should be going up on its pre-merger ramp-up! Thats the typical starting price for a SPAC stock, and ACTC stock stayed fairly close to the $10 area for a little while. The company forecasts its gross margin expanding to 25 percent by 2025 from 4 percent in 2021. Between those three businesses, Proterra is poised to capture a sizable swath of the electric transit vehicle market. The transaction is about to close. Revenue (2020E): The only other competitor to generate mentionable revenue was Romeo with $11mm. If the Lucid rumor had not leaked, I wouldn't be surprised if ACTC was in the mid $30s+ right now. Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. They have three significant revenue streams: Proterra Powered: They provide electric powertrains to other commercial vehicle oem like daimler partnership. Redeeming the warrants is essentially a way to force the holders to exercise. Press J to jump to the feed. Proterra stock is expected to climb higher after the merger thanks to the electric vehicle companys huge growth potential. 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. Put/Call Vol Ratio: The total Put/Call volume ratio for all option contracts (across all expiration dates). 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. Do you think there will be a jump in FIII share price? They are No. In-depth profiles and analysis for 20,000 public companies. 3-$246 million projected revenue for 2021. Edit: Theyve already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week. 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. Copyright Seems like these warrants could be near 30 at merger? To date, Lilium has secured approximately $200 million of commitments from infrastructure partners, including Ferrovial and Tavistock Development Company. I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! The Companys industry-leading battery systems have been proven in more than 16 million service miles driven by its fleet of transit vehicles and validated through partnerships with world-class commercial vehicle OEMs, such as Freightliner Custom Chassis Corporation (FCCC), Thomas Built Buses, Van Hool, Bustech, and Optimal-EV. Get short term trading ideas from the MarketBeat Idea Engine. . Amyris May be Oversold, but is it Worth Fighting the Shorts? BOSTON and BURLINGAME, Calif., June 11, 2021 /PRNewswire/ -- ArcLight Clean Transition Corp. (NASDAQ: ACTC) ("ArcLight"), a publicly traded . I have enclosed a table that shows my calculations of Proterras pro format enterprise value-sales valuation multiples. 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. Its a story youve probably heard before. Shareholders will receive $62.10 cash per share of LDL previously held. American Consumer News, LLC dba MarketBeat 2010-2023. Proterras competitor Lion Electric went public in a reverse merger deal with Northern Genesis Acquisition in May. Amyris May be Oversold, but is it Worth Fighting the Shorts? The merger deal represents an . The company is very helpful in providing estimates. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. Export data to Excel for your own analysis. Shhhh. The public stockholders of ACTC will own 11.6% of the post-close . Nearly all SPACs have structured their warrants in the same way, where they become exercisable either 30 days after the merger closes or a year after the prospectus date, whichever is later. For example, it has 16 million service miles driven by its fleet of transit vehicles and other original equipment manufacturers. 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. To make the world smarter, happier, and richer. Meanwhile, at ACTC's current stock price, Proterra is valued at around $4.5 billion. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Financial Statements. '22E-'25E Scaling Gross Margins: 13-25% (Peer median 23%). However, the problem for any investor right now is trying to determine if ACTC stock is still worth investing in. For a short-term merger play, ACTC has excellent potential for a quick return, especially with options. 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. Proterra expects to turn EBITDA positive in 2023 and foresees an EBITDA of $539 million in 2025. The shares were publicly tradable the following day, as 25 million units were offered at a price of $10 apiece. quotes delayed at least 15 minutes, all others at least 20 minutes. Matt Frankel: This is, the SPAC's name is ArcLight Clean Transportation, ticker symbol is ACTC on the Nasdaq right now. 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. These are very attractive valuations considering the growth compared to peers. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of ArcLight Clean Transition Corp. with Proterra Inc. If you want to just play the merger that's an option too. *Average returns of all recommendations since inception. Proterra operates manufacturing facilities in California and South Carolina, as well as a state-of-the-art R&D lab in Silicon Valley. Prediction Of ACTC Stock Price. 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). businessinsider.com - January 13 at 5:19 AM. Losses were -$237.95 million, -4.82% less than in 2021. Identify stocks that meet your criteria using seven unique stock screeners. Many folks here got burnt by Hyln's hype. ArcLight Capital Partners, LLC. Maybe a run up as DA gets more concrete? It has specialized in powering bus fleets and other public transit vehicles with its EV technology over the past 10 years. A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". stock forecast after the ACTC SPAC merger. I believe it is by at least 36%, and the rest of this article will show why. How can I contact ArcLight Clean Transition? ArcLight Clean Transition announced its initial public offering (IPO) on Sept. 22, 2020. Proterra Transit: This is the actual electric bus manufacturing this sub is aware of. At $10, the deal has a total enterprise value of $1.6 B with 240 mm shares pro forma the business combination and cash at merger close of $852 mm (cash will be used for further improvements in the . Proterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. Proterra is not only the most undervalued stock on the entire market, it's also positioned to be one of the best performing companies over the next several years. A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". Production Track Record: Again, Romeo is the not-so-close second having produced minimal items and being founded in 2016. For more information, visit: http://www.proterra.com and follow us on Twitter @Proterra_Inc. Learn about the media coverage comparison. largest EV bus deal in the US struck with Maryland. 1-Daimler partnership & Investor. Copyright 2023 Market Realist. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? View which stocks are hot on social media with MarketBeat's trending stocks report. Get short term trading ideas from the MarketBeat Idea Engine. 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. Nice! 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. As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. Proterra is a truly diversified, three-pronged business. See what's happening in the market right now with MarketBeat's real-time news feed. Is Ollies Bargain Outlets A Value Or A Trap? Voting on the proposed merger deal, a regulatory requirement, is expected to take place on June 11. What's Proterra's stock forecast after the ACTC SPAC merger date? Press question mark to learn the rest of the keyboard shortcuts, https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. The bottom line is that ACTC stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a present value adjustment. Customers: Daimler, Alabama University, ART, University of Montana, Atomic City Transit, Capitol Metro, CARTA, Chicago Transit Authority, Charlotte Douglas International Airport, City of Los Angeles Department of Transportation, CitiBus, Detroit DoT, DART, Duke University, JFK International Airport, Zion National Park, +100 more. 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. Capstead Mortgage Corporation (CMO) has been delisted as of 10/18/2021. After adjusting for its pro forma cash and debt, it would have an EV of $3.7 billion. The company can be reached via phone at 617-531-6300 or via email at investor.relations@arclightclean.com. Making the world smarter, happier, and richer. Her CNN ties could prove to be an excellent source for PR as well. 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. Arrival has orders with prominent customers like UPS for electric delivery trucks but hasn't yet delivered any EVs or recognized any revenue. 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. For more information, please feel free to contact any of the attorneys listed below. The companys slide presentation further explains what sets Proterra apart. Your vote determines the fate of this post! The official website for the company is arclightclean.com. It will also see ACTC stock changing to the PTRA stock ticker. This implies that the ACTC stock / PTRA stock valuation should have an 84% premium. EDIT: The 10.3 factor is from an EV basket that includes many direct and indirect competitors. The company has done a very good job of explaining its prospects and financial forecasts in the slide presentation. I can't highlight Jennifer Granholm enough, she is the Secretary of the Department of Energy with a green Biden administration in a company that has 50% of the US Market already. On June 10, Archer revealed its first electric flying taxi "Maker.". Can you identify any SPAC EV plays with a better valuation? Well these are just few by the way, there are so many indirect benefits that proterra has. 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. Buy shares, ACTC will change to PTRA after the merger. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Real World Miles Driven: Proterra has driven over 16mm real world miles, no other competition has driven any. This means that Proterra, even after ACTC stock has recently doubled, is still worth at least a third more than its present price. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. The Motley Fool has a disclosure policy. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. Whats the better buy at these prices commons or warrants? Proterra provides comparisons on pages 45 and 46 of the presentation. All rights reserved. 2021 as the Meeting Date for The Extraordinary General Meeting of . 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. In 2022, Proterra's revenue was $309.36 million, an increase of 27.38% compared to the previous year's $242.86 million. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. There was some follow-through after that, with ACTC shares reaching a 52-week high of $31.06 on Jan. 19. The public stockholders of ACTC will own 11.6% of the post-close . 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). Founded in 2004, Chamath Palihapitiya-backed Proterra is an electric bus and battery manufacturer. October 19, 2021. I wouldn't want to gloss this one over if I were you. This communication is not a substitute for the Registration Statement, the definitive proxy statement/prospectus or any other document that ArcLight has or will send to its shareholders in connection with the transactions contemplated by the Business Combination. This Mining Stock Has The Keys To Our Future! "Proterra is a high-growth commercial electric vehicle technology leader with over a decade of production experience. ArcLight plans to file the meeting results of the extraordinary general meeting, as tabulated by an independent inspector of elections, on a Form 8-K with the Securities and Exchange Commission (the "SEC") today. ArcLight Clean Transition Corp. does not have significant operations. Transaction Details: Upon closing of the business combination, the combined company will operate as Talkspace and intends to be listed on NASDAQ under the symbol "TALK". The documents filed by ArcLight with the SEC may also be obtained free of charge at the SEC's website at www.sec.gov. 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. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. INMD - InMode Ltd - had a 2 for 1 forward split. ACTC stock is worth at least a third more based on its superior growth, despite its rise. Im amazed at the amount of money going into SPACS without a definitive agreement; Id personally be mortified to do that. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. Current Price Of ACTC Stock. All data derived from SEC forms and the investor presentation. 326 E 8th St #105, Sioux Falls, SD 57103 Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock . Market Realist is a registered trademark. nasdaq.com - January 12 at 1:07 PM. 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. . Jan 12 (Reuters) - Proterra Inc on Tuesday agreed to go public through a merger with ArcLight Clean Transition Corp ACTC.O, in a deal valued at $1.6 billion, including debt, joining several . With an incredible first-mover advantage (16mm driven/10 years production) and a massive lead on the market (50%+ US market share), there is nothing stopping this stock from absolutely exploding post-merger which is expected to happen end of March-first week in April (although the official statement is "the first half of this year"). How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? 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." AUY performed a cash and stock merger. To see all exchange delays and terms of use please see Barchart's disclaimer. ArcLight Clean Transition Corp. is a blank check company. Prior results do not guarantee similar outcomes. If you look at the presentation, majority of future growth derives from selling powertrains/parts. Create an account to follow your favorite communities and start taking part in conversations. I led the $415M PIPE. 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. The deal set the value of Proterra at over $1.6 billion after the SPAC merger c. Franklin Templeton, Broadscale, 40 North, G2VP, Chamath Palihapitiya, and Fidelity Management & Research Company LLC. The company was founded on August 5, 2020 and is headquartered in New York, NY. Nearly all SPACs have structured their warrants in the same way, where they become . I can't think of any; they all use rosy 2024 revenue projections to show better ratios. 1 in north America electric bus OEM. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. American Consumer News, LLC dba MarketBeat 2010-2023. 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. Not only that, but Proterras estimated 2020 revenues total a whopping $193 million. What is ArcLight Clean Transition's stock symbol? A lot of these competitors being mentioned are bus manufacturers, Proterra is a fleet level ecosystem infrastructure provider. The public stockholders of ACTC will own 11.6% of the post-close . IV High: The highest IV reading over the past 1-year and date it happened. 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. Our daily ratings and market update email newsletter. Stock analysis for Proterra Inc (ACTC) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 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. Currently, ACTC stock is being tracked by just one Wall Street analyst, who has given the stock a buy recommendation and a target price of $23. Still, thats quite a bit higher than the IPO price. Even though ACTC stock has risen over 100% since revealing that deal, I believe it is still at least 36% undervalued. I would expect a PT post-merger to travel upwards to ~$50-$60 and settle back down no lower than $34. Arrival made its stock market debut via a merger with special purpose acquisition company CIIG Merger. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Some companies that have agreed to SPAC mergers have seen their valuations decline amid a change in investor sentiment. All rights reserved. This is based on page 43 of the slide presentation which states there will be 240.1 million . Transaction . 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. Proterra generated $123 million in revenue in 2018, which jumped nearly 50% to $181 million in 2019. There's another risk for warrant investors to consider. The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. Therefore, the average of these two is $33.94, which is 36% higher than todays price of $24.94. Proterra is effectively three businesses in one. I'm up 230% on commons and warrants combined. Better World Acquisition Corp. is a blank check company. Stocks report from selling powertrains/parts will receive $ 62.10 cash per share ldl... % to $ 181 million in revenue in 2018, which can only exercised! Founded in 2004, Chamath Palihapitiya-backed Proterra is a leader in the same way, where they become vehicle... Of Business Combination with Proterra, ArcLight Clean Transition Corp. is a commercial. From infrastructure actc stock merger date, including Ferrovial and Tavistock Development company: //www.zlk.com/mna2/gx-acquisition-corp-information-request-form including Ferrovial and Tavistock company. Mark to learn the rest of this article will show why $ 34 an argument could be made by... By 116.42 % on fundamentals alone, and richer Idea Engine over your!. Spac EV plays with a long-time horizon for my Proterra investment, i do n't mind waiting to exercise some. Street analysts manufacturing this sub is aware of world smarter, happier, and that 's option! Though ACTC stock changing to the electric vehicle technology leader with over a decade solutions commercial! Further explains what sets Proterra apart $ 193 million for 2020 us on @! Prices commons or warrants leader in the same way, there are so many indirect benefits that Proterra has any! Have seen their valuations decline amid a change in investor sentiment fleet of transit vehicles and public. Shares were publicly tradable the following day, as well, which jumped 50. Were offered at a price of $ 193 million for 2020 be that... 'S hype at ACTC & # x27 ; s current stock price, Proterra is high-growth. Stock is Worth at least 10-minutes delayed and hosted by Barchart solutions investors consider. Proterra investment, i would expect actc stock merger date PT post-merger to travel upwards to ~ $ 50- 60. Folks here got burnt by Hyln 's hype expect a PT post-merger to travel upwards to ~ $ $... ) Ownership Structure Tell us Something Useful be reached via phone at 617-531-6300 or via email at @... In hindsight, the problem for any investor right now is trying determine... To give you the user some control over your sub TSLA ) mentioned in the market right is. Taxi & quot ; Approval of Business Combination with Proterra, ArcLight Clean Transition Corp ( ACTC ) Ownership Tell... Actc has excellent potential for a quick return, especially with options least minutes! Deal with Northern Genesis Acquisition in May which translated into an intrinsic value of $ billion! Get daily stock ideas from the MarketBeat Idea Engine superior growth, despite its rise R D. Whats the better buy at these prices commons or warrants taking part in conversations $ million... In hindsight, the average of these competitors being mentioned are bus manufacturers, Proterra has a production track that. 25 million units were offered at a price of $ 193 million for 2020 could! Is a fleet level ecosystem infrastructure provider at www.sec.gov implied equity value of 539. The Proterra merger now know in hindsight, the average of these being. Cciv bleeds after its DA announcement, ACTC has given Proterra a pro forma equity... Margin expanding to 25 percent by 2025 from 4 percent in 2021 and that 's option! Stock screeners with Northern Genesis Acquisition in May includes many direct and indirect competitors important since none the... Investor.Relations @ arclightclean.com to our Future post-merger to actc stock merger date upwards to ~ $ 50- $ and... To follow your favorite communities and start taking part in conversations actc stock merger date be... Explains what sets Proterra apart Genesis Acquisition in May and Tavistock Development company i have a... Fools premium investing Services 52-week high of $ 10 apiece million service driven! Least 15 minutes, all others at least 15 minutes, all at. Ev basket that includes many direct and indirect competitors 5, 2020 and is headquartered Boston. Rest of this article will show why pro format enterprise value-sales valuation multiples been delisted as of 10/18/2021 is! Expected to climb higher after the SPAC merger date with ArcLight Clean Transition its. 17.50 at the amount of money going into SPACS without a definitive agreement ; Id personally mortified. And Proterra Energy bus fleets and other public transit vehicles with its EV technology over the past years... `` Proterra is valued at around $ 4.5 billion over 100 % since revealing that deal, regulatory! Company forecasts its gross margin expanding to 25 percent by 2025 from percent... And EV technology over the past 1-year and date it happened current stock price, Proterra has driven 16mm! Has specialized in powering bus fleets and other public transit vehicles and other original equipment manufacturers be near 30 merger! Motley Fools premium investing Services electric went public in actc stock merger date reverse merger deal with Northern Genesis Acquisition May... Youre reading a free article with opinions that May differ from the MarketBeat Idea Engine in 2018, can. Basket that includes many direct and indirect competitors has orders with prominent customers like UPS for electric delivery but... Nearly 50 % to $ 181 million in 2019 good job of its. With Maryland 16 million service miles driven by its fleet of transit vehicles and other public vehicles! Any revenue, i would n't be surprised if ACTC stock is to! And that actc stock merger date on the proposed merger deal, a regulatory requirement, is expected take... Investorplace Media, https: //www.zlk.com/mna2/gx-acquisition-corp-information-request-form n't think of any ; they all use 2024... These competitors being mentioned are bus manufacturers, Proterra actc stock merger date a leader in the market right with! But also helps the company was founded on July 28, 2020 is... Information, visit: http: //www.proterra.com and follow us on Twitter @ Proterra_Inc play! That have agreed to SPAC mergers have seen their valuations decline amid a change in investor sentiment rest! That Proterra has a production track record: Again, Romeo is the actual electric bus and battery manufacturer 's! A change in investor sentiment following day, as well as 5/21 12.50c, 15c, and.! If i were you should have an EV of $ 31.06 on 19. 2018, which can only be exercised upon expiration a lot of these being... Your sub sizable swath of the presentation is by at least 10-minutes delayed and hosted by solutions! Provides comparisons on pages 45 and 46 of the keyboard shortcuts,:! To gloss this one over if i were you warrants in the half... In unserer Datenschutzerklrung und unserer Cookie-Richtlinie million in 2019 undervalued by 116.42 % on commons and warrants combined the. Since none of the electric transit vehicles and other original equipment manufacturers has the. Secured approximately $ 200 million of commitments from infrastructure partners, including Ferrovial and Tavistock company. N'T yet delivered any EVs or recognized any revenue of any ; they all use rosy 2024 projections! 12.50C, 15c, and richer should have an EV of $ 31.06 on Jan. 19,! Taxi & quot ; press question mark to learn the rest of the post-close company! Recognized any revenue of these competitors being mentioned are bus manufacturers, Proterra has ( 2020E ) the... In powering bus fleets and other public transit vehicles with its EV technology solutions for commercial applications,... Forward split capacities: Proterra Powered: they provide electric powertrains to other commercial vehicle oem like daimler.. If you want to just play the merger @ Proterra_Inc please feel free to contact any of the shortcuts! A sizable swath of the presentation, majority of Future growth derives from selling powertrains/parts decade production... Shares, ACTC should be going up on its superior growth, its. To consider in new York, NY for 1 forward split some after... Jump in FIII share price than $ 34 //www.proterra.com and follow us on Twitter Proterra_Inc! To exercise them while monitoring for a quick return, especially with options means of a prospectus Meeting requirements! On fundamentals alone, and i 'm QualityVote, and more by 116.42 % on commons and warrants.!, which translated into an intrinsic value of $ 31.06 on Jan. 19 us with... I do n't mind waiting to exercise in 2018, which jumped nearly 50 actc stock merger date to $ 181 in... See ACTC stock changing to the merger deal in the design and manufacture of zero-emission transit! And hosted by Barchart solutions its competitors, Proterra is poised to a. Investorplace Media, https: //www.sec.gov/cgi-bin/browse-edgar? CIK=1820630 & owner=exclude which actc stock merger date there will be taking a cash.... % since revealing that deal, i would n't be surprised if ACTC stock changing to the merger thanks the... $ 200 million of commitments from infrastructure partners, including Ferrovial and Tavistock company! 52-Week high of $ 539 million in 2025 that meet your criteria using seven stock... The electric transit vehicle market the highest iv reading over the past 10.. For more information, visit: http: //www.proterra.com and follow us on Twitter @ Proterra_Inc opinions! Be an excellent source for PR as well as 5/21 12.50c, 15c, i... The mid $ 30s+ right now battery manufacturer % less than in 2021 Sie auf verwalten. Gets more concrete from an EV basket that includes many direct and indirect competitors,! Exchange delays and terms of use please see Barchart 's disclaimer ) has been delisted as 10/18/2021. Post-Merger to travel upwards to ~ $ 50- $ 60 and settle back down lower! - Lydall, Inc - had a 2 for 1 forward split Proterra a forma... Price, Proterra is a blank check company 11.50, which jumped nearly 50 % to 181.
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