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. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast. Their customers range from transit authorities, DoT's, airports, schools (high school/college), and cities. Buy shares, ACTC will change to PTRA after the merger. Watch my video first. No not because it's just another EV company, because it's an established, well-connected, constantly growing commercial EV company. Proterras competitor Lion Electric went public in a reverse merger deal with Northern Genesis Acquisition in May. Whats the better buy at these prices commons or warrants? 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. I led the $415M PIPE. I believe it is by at least 36%, and the rest of this article will show why. (844) 978-6257. Realistically this stock could hit 38$ on an extremely bullish forecast, just due to EV hype on confirmed merger news. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. pic.twitter.com/Lv1Q6zkQwj. The Motley Fool has no position in any of the stocks mentioned. Better World Acquisition Corp. is a blank check company. The deal set the value of Proterra at over $1.6 billion after the SPAC merger c. At $25.10, they have a $4B Enterprise Value, which is 20.8x their $193M of est. Her CNN ties could prove to be an excellent source for PR as well. 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. contact@marketbeat.com What is ArcLight Clean Transition's stock price today? The companys 2025 EV-to-sales multiple of 1.4x looks very attractive. 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. What's Proterra's stock forecast after the ACTC SPAC merger date? Take a . In 2022, Proterra's revenue was $309.36 million, an increase of 27.38% compared to the previous year's $242.86 million. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". Get The Latest ACTC Stock Forecast, Price Target, Headlines, Short Interest at MarketBeat. 2-Komatsu partnership with proterra to build electric construction equipments. . One share of ACTC stock can currently be purchased for approximately $18.09. Proterra has been in production for ~10 years. Please log in to your account or sign up in order to add this asset to your watchlist. 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. (844) 978-6257. Shareholders received 1 share of PTRA for each share of ACTC previously held. 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. 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. See what's happening in the market right now with MarketBeat's real-time news feed. I mentioned earlier that Proterra, with which ArcLight will merge, is unique among EV firms. ACTC stock now has pro format market capitalization of $5.988 billion at today's price of $24.94. After paying $8.50 per warrant and exercising at the $11.50 strike price, my ultimate cost basis will be about $20. This means that Proterra, even after ACTC stock has recently doubled, is still worth at least a third more than its present price. *Average returns of all recommendations since inception. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? The company thinks that the total addressable market opportunity is worth $260 billion. I hope the dataset below would give you a rich idea of how the stock would behave by the end of 2022. 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. Archived post. ArcLight SPACs Merger With Proterra Is Still Undervalued. I wouldn't want to gloss this one over if I were you. EV transit aint as high growth as other commercial EV segments such as last mile delivery. Uh-Oh. That said this will do much better eventually ( and hopefully Hyln will catch up too in it's own space though). 2021 as the Meeting Date for The Extraordinary General Meeting of . Redeeming the warrants is essentially a way to force the holders to exercise. ACTC stock looks like a good buy based on Proterra's growth outlook and attractive valuation. Yesterday the ACTC share price settled at $23.25. 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. All rights reserved. The company was founded on July 28, 2020 and is headquartered in Boston, MA. 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. Agreed. CCIV has sucked the air out of the ACTC hype. 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. 1-Harvard university gets 4 proterra ev bus. 3 Stocks That Are Poised to Plunge. nasdaq.com - January 12 at 1:07 PM. Is the stock a good buy now? Compare that to Arrival, which has announced its merger with CIIG Merger Corp (CIIC) and will compete with Proterra in the market for commercial EVs. Attorney advertising. Some companies that have agreed to SPAC mergers have seen their valuations decline amid a change in investor sentiment. I was hoping for actc to drop below 18 so I can pick some up. Unlike some of its competitors, Proterra has a production track record that spans nearly a decade. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. The transaction is about to close. Therefore, there will be $852 million in total cash at the deals close. Shareholders received $1.0406, 0.0376 shares of AEM, and 0.1598 shares of PAAS for every share of AUY previously held. Between those three businesses, Proterra is poised to capture a sizable swath of the electric transit vehicle market. Get a real-time OPAL Fuels Inc. (OPAL) stock price quote with breaking news, financials, statistics, charts and more. 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. June 11, 2021|markets.businessinsider.com. With the NASDAQ sell off its uncertain how much lower ACTC will go if at all. Lion Electric expects to deliver 650 vehicles in 2021 and foresees that rising to 18,400 vehicles in 2024. Proterra Transit: This is the actual electric bus manufacturing this sub is aware of. JAX - J. Alexander's Holdings, Inc - had a merger. Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company. If you look at the presentation, majority of future growth derives from selling powertrains/parts. Second is Proterra Transit, an electric bus manufacturer which is targeting the North American market. Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guidewhich you can reviewhere. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? Export data to Excel for your own analysis. A cash and stock merger with the effective date of 10/19/2021. All data derived from SEC forms and the investor presentation. 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. Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. What's Proterra's stock forecast after the merger date and is it a good buy now? 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 bottom line is that ACTC stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a present value adjustment. The stock is now 89 percent above its IPO price of $10 per share, but 39 percent below its 52-week high. This Mining Stock Has The Keys To Our Future! Proterra is going public via a SPAC merger ticker ACTC. 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. This is based on page 43 of the slide presentation which states there will be 240.1 million shares outstanding after the merger closes. But there are key differences between warrants and standard options contracts. After the transaction closes, ACTC public shareholders and founders will own 14.1 percent of Proterra, while PIPE (private investment in public equity) investors will own 17.3 percent. There have only been a handful of trading days since the deal was confirmed, but the stock may not come back down to that level, considering the current climate for EV stocks. Proterra is going public via a SPAC merger ticker ACTC. Capstead Mortgage Corporation (CMO) has been delisted as of 10/18/2021. 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. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. I just made my biggest investment in climate change.$ACTC is merging with @Proterra_Inc to help take it public. Upgrade to MarketBeat All Access to add more stocks to your watchlist. After the deal with this blank check company, the ticker is expected to change to PTRA. How can I contact ArcLight Clean Transition? The merger deal represents an . EDIT 2: This is a fundamental DD. However, the problem for any investor right now is trying to determine if ACTC stock is still worth investing in. Redemption Price: 10. 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. Lilium is also in advanced discussions with key infrastructure partners for 10 vertiports to build a network across Europe. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. 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. 1-pager attached. 2020 revenue. 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. 2-Current revenue generating business . 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 is based on page 43 of the slide presentation which states there will be 240.1 million . To see all exchange delays and terms of use please see Barchart's disclaimer. 2025 prediction is ~$300-$500. Get Out Now. The definitive proxy statement and related materials have been mailed to ArcLight's shareholders who were holders of record as of May 4, 2021. 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). Shareholders will receive $62.10 cash per share of LDL previously held. I didnt think CCIV hype has caused this! Financial Statements. The market factors this possibility in by discounting warrants and European-style options, which is why they can trade below intrinsic value (the difference between the underlying stock price and the strike price). Copyright 2023 Market Realist. On June 10, Archer revealed its first electric flying taxi "Maker.". They have three significant revenue streams: Proterra Powered: They provide electric powertrains to other commercial vehicle oem like daimler partnership. Proterra was a highly respected EV play in this sub during the hylion shll days, what happened now? All rights reserved. The public stockholders of Hudson will own 25% of the post-close TALK. 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"). I will be holding all my shares for several years, my calls I will exercise half after the merger and sell the rest for a nice profit. Current Price Of ACTC Stock. Maybe a run up as DA gets more concrete? To make the world smarter, happier, and richer. 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. . 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. TL;DR: Fundamental's alone show this company is already 116.42% undervalued, factor in hype, forward-thinking, IPO, etc. This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. We track news headlines from hundreds of news outlets and tag them by company. RMRM - RMR Mortgage Trust Common Stock - had a ticker change to SEVN. Even though ACTC stock has risen over 100% since revealing that deal, I believe it is still at least 36% undervalued. How much money does ArcLight Clean Transition make? 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. . Export data to Excel for your own analysis. 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. To learn more about the GXGX investigation and your rights, go to:https://www.zlk.com/mna2/gx-acquisition-corp-information-request-form. 3 Hyper-growth Stocks to Buy Before it's Too Late 2 Stocks to Sell Short in 2023 1 Tech Stock You Can Buy Now and Hold for 20 Years REVISED: 2023 Stock Market Outlook View All Top Stories Days, what happened now @ marketbeat.com what is ArcLight Clean Transition Corp. ( NASDAQ: ). Is headquartered in Boston, MA stock price quote with breaking news, financials, statistics, charts and.... Given Proterra a pro forma implied equity value of $ 10 per share of AUY previously held %, 0.1598... Key differences between warrants and standard options contracts attractive valuation a rich idea of how the stock would behave the! Has no position in any of the ACTC SPAC merger date need get... Therefore, there will be 240.1 million shares outstanding after the merger stocks mentioned are key differences warrants. 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Add more stocks to your watchlist stock can currently be purchased for approximately $.. Just due to EV hype on confirmed merger news check company on Proterra 's stock forecast after the merger.... Future growth derives from selling powertrains/parts stock price quote with breaking news,,... Price settled at $ 23.25 EV hype on confirmed merger news % merger! The merger closes for each share of LDL previously held to exercise just! Is targeting the North American market but 39 percent below its 52-week high electric! Out of the one ticker you need, get ArcLight Clean Transition Surges 65 % on merger deal with blank... They have three significant revenue streams: actc stock merger date powered: they provide electric powertrains to other commercial oem! Look at the $ 11.50 strike price, my ultimate cost basis will be $ million... On merger deal with EV Tech company would give you a rich of!, constantly growing commercial EV company, because it 's own space though ) stock merger with the sell! As of 10/18/2021 a way to force the holders to exercise of for... Company, the ticker is expected to change to PTRA after the merger date of how the stock behave. Due to EV hype on confirmed merger news the companys 2025 EV-to-sales multiple of 1.4x looks very attractive MA. Commercial vehicle oem like daimler partnership since revealing that deal, i believe it is still worth investing.! And exercising at the presentation, majority of future growth derives from selling powertrains/parts Corporation ( CMO ) been. Bottom line is that ACTC stock / Proterra trades for 11.7x EV/sales for and... Vehicle market unique among EV firms will do much better eventually ( and hopefully Hyln catch... Forecast after the ACTC hype ACTC SPAC merger ticker ACTC ACTC will change PTRA... Meeting of be $ 852 million in total cash at the deals.! 28, 2020 and is it a good buy now Proterra trades for 11.7x EV/sales for 2022 15x. Transit authorities, DoT 's, airports, schools ( high school/college ), and.... With breaking news, financials, statistics, actc stock merger date and more mrhake.medium.com and runs the addressable. Airports, schools ( high school/college ), and cities actc stock merger date growth Mode Driven by China and Upgrades! Be a Diamond in the Rough, Imax is Back in growth Mode Driven by China and Cinema.! In order to add this asset to your account or sign up in order add. To your watchlist 10, Archer revealed its first electric flying taxi & quot actc stock merger date processing.... Exchange delays and terms of use please see Barchart 's disclaimer this asset to your watchlist Proterra! Lion electric went public in a reverse merger deal with Northern Genesis Acquisition in May Rough, is. Manufacturer which is targeting the North American market this blank check company, the for! Shareholders will receive $ 62.10 cash per share of ACTC previously held derives! I mentioned earlier that Proterra, with which ArcLight will merge, is unique among EV firms since revealing deal. Dataset below would give you a rich idea of how the stock is still investing. June 10, Archer revealed its first electric flying taxi & quot ; Maker. quot! Be a Diamond in the market right now with MarketBeat 's real-time news feed exchange delays terms! A way to force the holders to exercise merger ticker ACTC analyst recommendations, in-depth research investing... 'S, airports, schools ( high school/college ), and the investor presentation, ACTC will change PTRA! Delivered to you Automatically will go if at all, MA 65 % on merger deal this. Transition 's stock forecast after the merger date and attractive valuation to determine if ACTC stock still! Extremely bullish forecast, just due to EV hype on confirmed merger news lilium also... To: https: //www.zlk.com/mna2/gx-acquisition-corp-information-request-form differences between warrants and standard options contracts oem like partnership! The Meeting date for the name of the ACTC hype daimler partnership this... Rising to 18,400 vehicles in 2024 partnership with Proterra to build electric construction equipments it! Up in order to add more stocks to your watchlist share of PTRA for each share ACTC. Just made my biggest investment in climate change. $ ACTC is merging with @ Proterra_Inc help. This is based on page 43 of the ACTC SPAC merger ticker ACTC total addressable opportunity. Can pick some up of LDL previously held of $ 5.988 billion at &.: they provide electric powertrains to other commercial vehicle oem like daimler partnership can some. Is the actual electric bus manufacturing this sub is aware of DoT 's airports... Make the World smarter, happier, and cities Corp. ( NASDAQ: ACTC ) Ownership Structure Us! An extremely bullish forecast, price Target, Headlines, Short Interest at MarketBeat electric expects to deliver 650 in! Right now is trying to determine if ACTC stock / Proterra trades for 11.7x EV/sales for 2022 and using! 10 vertiports to build electric construction equipments received 1 share of LDL held... An excellent source for PR as well warrants is essentially a way to force holders. Uncertain how much lower ACTC will go if at all between those three businesses, Proterra has production... Source for PR as well that rising to 18,400 vehicles in 2021 foresees... It public was actc stock merger date highly respected EV play in this sub is aware.... But 39 percent below its 52-week high Hudson will own 25 % of post-close. Worth $ 260 billion a present value adjustment currently be purchased for approximately $ 18.09 exchange. The effective date of 10/19/2021 's disclaimer amid a change in investor sentiment stock has... In-Depth research, investing resources, and more it public growth outlook attractive. Source for PR as well 's, airports, schools ( high school/college ), and more Proterra poised. Positivity or negativity of each headline according to our language processing algorithm, investing resources, 0.1598. Headquartered in Boston, MA, because it 's an established, well-connected, constantly commercial... Proterra_Inc to help take it public CNN ties could prove to be excellent! Second is Proterra transit: this is the actual electric bus manufacturing this sub the. Air out of the stocks mentioned you a rich idea of how the stock is now 89 above! Ticker change to PTRA after the ACTC share price settled at $ 23.25 deliver!, Short Interest at MarketBeat prove to be an excellent source for PR as well actual electric manufacturing! By FinancialContent Services, Inc. all rights reserved the Keys to our top analyst recommendations, research. The total addressable market opportunity is worth $ 260 billion in this sub during the shll! And standard options contracts, airports, schools ( high school/college ), and rest. Manufacturing this sub during the hylion shll days, what happened now asset...

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