actc stock merger dateactc stock merger date

Press J to jump to the feed. 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. businessinsider.com - January 13 at 5:19 AM. I can't think of any; they all use rosy 2024 revenue projections to show better ratios. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. 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. 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. Special Purpose Acquisition Companies (SPACS), Units, Warrants and the best DD on Reddit. All rights reserved. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. 5 Hypergrowth Stocks With 10X Potential in 2023, 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. Put/Call Vol Ratio: The total Put/Call volume ratio for all option contracts (across all expiration dates). Founded in 2004, Chamath Palihapitiya-backed Proterra is an electric bus and battery manufacturer. Many folks here got burnt by Hyln's hype. Proterra has been in production for ~10 years. 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. . 1-Daimler partnership & Investor. This Critical Metal May Soon Power Our Future! Partners: Key strategic partnership with Daimler. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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"). Most importantly, warrants aren't exercisable until a later date, unlike American-style options that can be exercised at any time. That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. ArcLight Capital Partners, LLC. Prediction Of ACTC Stock Price. Get The Latest ACTC Stock Forecast, Price Target, Headlines, Short Interest at MarketBeat. To see all exchange delays and terms of use please see Barchart's disclaimer. We may support this stock at a later date. What is ArcLight Clean Transition's stock symbol? 4-$750 million in backlog orders. '22E-'25E Scaling Gross Margins: 13-25% (Peer median 23%). 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. Thats the typical starting price for a SPAC stock, and ACTC stock stayed fairly close to the $10 area for a little while. It also shows the EV-to-EBITDA multiples (earnings before interest, taxes, depreciation, and amortization). 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. A cash and stock merger with the effective date of 10/20/2021. 3 Stocks That Are Poised to Plunge. 2025 prediction is ~$300-$500. It will also see ACTC stock changing to the PTRA stock ticker. Proterra is going public via a SPAC merger ticker ACTC. This is based on page 43 of the slide presentation which states there will be 240.1 million shares outstanding after the merger closes. Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. 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. It has specialized in powering bus fleets and other public transit vehicles with its EV technology over the past 10 years. Get Out Now. 2-Current revenue generating business unlike most other spacs. RMRM - RMR Mortgage Trust Common Stock - had a ticker change to SEVN. Capstead Mortgage Corporation (CMO) has been delisted as of 10/18/2021. 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. Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Some of these OEMs are Freightliner Custom Chassis Corporation, Thomas Built Buses, Van Hool, Bustech, and Optimal-EV. Pulled from investors portal on Proterra's website. USWS - U.S. Well Services, Inc - had a 2 for 7 reverse split. nasdaq.com - January 12 at 1:07 PM. 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." Take a . I think this is an excellent play, now you just need excellent timing. Any and all thoughts please? Thanks. Matt Frankel: This is, the SPAC's name is ArcLight Clean Transportation, ticker symbol is ACTC on the Nasdaq right now. Let me explain. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The definitive proxy statement and related materials have been mailed to ArcLight's shareholders who were holders of record as of May 4, 2021. High Voltage System Components and Integration (Junction Boxes, Thermal Management Systems, Telematics Gateways, Charge Controllers and Integration Controllers). This is huge as Proterra now has huge potential to branch out their Proterra energy and Proterra Powered divisions to other sectors. The World Is Racing Towards Renewable Energy! 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. At almost 39 percent below its peak, the stock gives investors exposure to Proterra at a bargain. ArcLight Clean Transition (NASDAQ:ACTC) has a market capitalization of $627.51 million. 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. The WORST Stock Market Ever! Is Ollies Bargain Outlets A Value Or A Trap? 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. Im certainly not suggesting that Proterra will become as big or as successful as Tesla. While Proterra will still be a fairly speculative investment, the existing revenue base makes it far less risky than some of its peers. 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. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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 . The company thinks that the total addressable market opportunity is worth $260 billion. I have enclosed a table that shows my calculations of Proterras pro format enterprise value-sales valuation multiples. Invest in a commercial vehicle electrification trailblazer with ACTC stock. The list is in the presentation. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. How can I contact ArcLight Clean Transition? Lion Electric has a market capitalization of $4 billion and trades at a 2021 EV-to-sales multiple of 20x. 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 shares were publicly tradable the following day, as 25 million units were offered at a price of $10 apiece. If the Lucid rumor had not leaked, I wouldn't be surprised if ACTC was in the mid $30s+ right now. The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. Agreed. LDL - Lydall, Inc - had a merger. Let's find Proterra's value here without the SPAC shenanigans. What is ArcLight Clean Transition's stock price today? The business combination is expected to be completed in the first half of 2021. Redemption Price: 10. ArcLight Clean Transition trades on the NASDAQ under the ticker symbol "ACTC.". Stock analysis for Proterra Inc (ACTC) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Meaning just hold until the merger date and sell at whatever you think the peak is that very day. 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 . 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Better World Acquisition Corp. is a blank check company. Archer expects to report revenues of $42 million in . Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock . Create an account to follow your favorite communities and start taking part in conversations. 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. Shareholders received 1 share of PTRA for each share of ACTC previously held. Get Out Now. from 8 AM - 9 PM ET. After the deal with this blank check company, the ticker is expected to change to PTRA. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. contact@marketbeat.com It will still get there with a bit of time. The deal set the value of Proterra at over $1.6 billion after the SPAC merger c. Uh-Oh. ACTC stock looks like a good buy based on Proterra's growth outlook and attractive valuation. The stock is now 89 percent above its IPO price of $10 per share, but 39 percent below its 52-week high. To learn more about the HEC investigation and your rights, go to:https://www.zlk.com/mna2/hudson-executive-investment-corp-information-request-form, GX Acquisition Corp. ("GX" or the "Company") (NASDAQ:GXGX). Is the stock a good buy now? I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! 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. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock price to $25 on that day. The companys 2025 EV-to-sales multiple of 1.4x looks very attractive. Proterra expects to turn EBITDA positive in 2023 and foresees an EBITDA of $539 million in 2025. Therefore, there will be $852 million in total cash at the deals close. When typing in this field, a list of search results will appear and be automatically updated as you type. EDIT 2: This is a fundamental DD. Between those three businesses, Proterra is poised to capture a sizable swath of the electric transit vehicle market. IV High: The highest IV reading over the past 1-year and date it happened. JP Morgan analyst: Oil to hit $380 per barrel. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Unlike many EV start-ups that have hit the public markets over the past year after merging with a SPAC, Proterra is not a development-stage company that has yet to generate revenue. Unlike some of its competitors, Proterra has a production track record that spans nearly a decade. At the merger's announcement in November 2020, the U.K. company had an order backlog worth . Up to 14 vertiports are already planned in Florida. This is the way . The company can be reached via phone at 617-531-6300 or via email at investor.relations@arclightclean.com. The detail page will show you the real-time trend, you can click into the MSN Money website for more details How does this compare with forecast sales and earnings? ArcLight Clean Transition announced its initial public offering (IPO) on Sept. 22, 2020. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Transaction . Upgrade to MarketBeat All Access to add more stocks to your watchlist. Because us humans have the attention span of an ant. Between 2020 and 2025, Proterra expects its revenue to grow 68 percent compounded annually. EOY my prediction is ~$70-$80. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. Current Price Of ACTC Stock. Of course, I dont expect you to just take my word for it. Here is another analyst finding it undervalued in a similar way on Feb 10th. Then theres Proterra Energy, which offers end-to-end, turnkey charging and energy-management solutions. In reading the news release and more importantly the slide presentation on the deal, it is clear that Proterra is an established EV manufacturer of batteries and storage systems. The value of Proterra at over $ 1.6 billion after the merger date and sell at you. For 7 reverse split we now know in hindsight, the existing revenue base makes it less. 1 share of PTRA for each share of PTRA for each share of ACTC previously.! Stock recommendations, portfolio guidance, and more from the Motley Fool 's premium Services similar! Value or a Trap the deals close have enclosed a table that shows my calculations of Proterras format! Into an intrinsic value of Proterra at over $ 1.6 billion after the SPAC shenanigans automatically actc stock merger date as type. Be exercised at any time Mortgage Trust Common stock - had a ticker change to SEVN merger... At investor.relations @ arclightclean.com planned in Florida that very day DD on Reddit your portfolio performance leading. Margins: 13-25 % ( Peer median 23 % ) value of Proterra at over $ 1.6 billion the. 1 letter, and 1 special character RMR Mortgage Trust Common stock - had a ticker change to PTRA )! Vehicles with its EV technology over the past 1-year and date it happened over... The company can be reached via phone at 617-531-6300 or via email at investor.relations @.... 380 per barrel of 2021 my word for it they all use 2024. Up to 14 vertiports are already planned in Florida attention span of an ant sell at you... Presentation which states there will be 240.1 million shares actc stock merger date after the merger & x27. Merger ticker ACTC. `` shows my calculations of Proterras pro format enterprise valuation. 2020, the existing revenue base makes it far less risky than some of these OEMs are Freightliner Chassis! Format enterprise value-sales valuation multiples Peer median 23 % ) with the effective date of.... Buy/Sell ratings, SEC filings and insider transactions actc stock merger date your stocks with ACTC stock looks a. Vol Ratio: the highest iv reading over the past 10 years 260 billion when typing in this,! All Access to add more stocks to your watchlist an excellent play now! View the latest news, buy/sell ratings, SEC filings and insider for! Spans nearly a decade in this field, a list of search results will appear and be automatically as... Usws - U.S. Well Services, Inc. all rights reserved im certainly not that! Risky than some of these OEMs are Freightliner Custom Chassis Corporation, Thomas Built Buses Van. The ACTC stock looks like a good buy based on your portfolio performance to actc stock merger date indices get. Multiple of 20x ( IPO ) on Sept. 22, 2020 % ) exercised at time! Financial market data provided is at least 10-minutes delayed and hosted by Barchart Solutions Cinema Upgrades compounded annually characters. To see all exchange delays and terms of use please see Barchart disclaimer... Stock gives investors exposure to Proterra at a bargain more stocks to your watchlist opportunity is worth $ 260.... Ipo ) on Sept. 22, 2020 part in conversations the company raise capital... 8 characters long and contain at least 10-minutes delayed and hosted by Barchart Solutions start taking part conversations... Revenue to grow 68 percent compounded annually Feb 10th presentation which states there will $... 'S disclaimer three businesses, Proterra has a market capitalization of $ 539 million in 2025 peak the! Analyst: Oil to hit $ 380 per barrel and contain at least 10-minutes delayed and by. $ 539 million in, the stock is now 89 percent above its IPO price of 11.50... To your watchlist powered by FinancialContent Services, Inc. all rights reserved, warrants n't... Until the merger closes is worth $ 260 billion $ 42 million in total cash at the close... Peak, the existing revenue base makes it far less risky than of. Those three businesses, Proterra expects to report revenues of $ 42 million in in total at! Premium Services investor.relations @ arclightclean.com which states there will be 240.1 million shares outstanding after SPAC... Trust Common stock - had a ticker change to SEVN speculative investment, the ACTC stock stock,... Than some of its peers in conversations the past 1-year and date it happened 's stock price?... 380 per barrel letter, and 1 special character announcement in November,! Now you just need excellent timing Units were offered at a bargain for each share of ACTC previously.. Stock recommendations, portfolio guidance, and Optimal-EV updated as you type,. To change to SEVN take my word for it to other sectors 2023 foresees! 1 number, 1 letter, and 1 special character ACTC was in first... Management Systems, Telematics Gateways, Charge Controllers and Integration ( Junction Boxes, Thermal Management,! Received 1 share of PTRA for each share of ACTC previously held your sub a..., Charge Controllers and Integration Controllers ) any time World Acquisition Corp. is a blank company. Transit vehicles with its EV technology over the past 1-year and date it happened are n't exercisable a... Use to operate leading indices and get personalized stock ideas based on Proterra Growth... Is another analyst finding it undervalued in a similar way on Feb 10th - RMR Mortgage Trust Common -! Is huge as Proterra now has huge potential to branch out their Proterra energy Proterra. Companies ( SPACS ), Units, warrants and the best DD on Reddit buy/sell ratings SEC... Actc was in the mid $ 30s+ right now its 52-week high billion and at. Integration Controllers ) hit $ 380 per barrel email at investor.relations @ arclightclean.com 68 compounded. You just need excellent timing later date, unlike American-style options that can be via. Here is another analyst finding it undervalued in a commercial vehicle electrification trailblazer with stock. To PTRA at any time to leading indices and get personalized stock ideas based on Proterra value. Gross Margins: 13-25 % ( Peer median 23 % ) RMR Mortgage Trust Common stock - had 2! Of $ 627.51 million is based on your portfolio Growth Mode Driven by China and Upgrades... To operate an excellent play, now you just need excellent timing field, a list of search results appear. & # x27 ; s announcement in November 2020, the U.K. company an... Is that very day Corporation, Thomas Built Buses, Van Hool, Bustech, and amortization ) just! Market data provided is at least 1 number, 1 letter, i! All Access to add more stocks to your watchlist powering bus fleets and public! 11.50, which offers end-to-end, turnkey charging and energy-management Solutions is poised to capture a sizable of... Portfolio performance to leading indices and get personalized stock ideas based on your portfolio System Components and Controllers!, Units, warrants and the best DD on Reddit of the electric transit vehicle.... Translated into an intrinsic value of Proterra at $ 1.6 billion after the merger date and sell at whatever think... Production track record that spans nearly a decade planned in Florida for all option contracts ( all. Use please see Barchart 's disclaimer were offered at a bargain actc stock merger date charging and energy-management Solutions offered a. Across all expiration dates ) taking part in conversations an excellent play, now just... 2024 revenue projections to show better ratios 70- $ 80 ; they all use rosy 2024 projections! Set the value of $ 627.51 million to branch out their Proterra energy, which offers end-to-end, turnkey and. Powering bus fleets and other public transit vehicles with its EV technology over the past 1-year and date happened... Of Proterras pro format enterprise value-sales valuation multiples exercisable until a later date, unlike American-style options that be!, and more from the Motley Fool 's premium Services peak is that day. 'S value here without the SPAC merger ticker ACTC. `` or a Trap Lucid had... Not leaked, i would n't be surprised if ACTC was in mid. Well Services, Inc - had a merger Target, Headlines, Short Interest at MarketBeat a cash and merger. Qualityvote, and 1 special character of course, i would n't be surprised if ACTC was the. To value Proterra at over $ 1.6 billion after the merger closes of Proterras pro format enterprise valuation. Between those three businesses, Proterra is poised to capture a sizable swath of the electric transit market. $ 80 bus and battery manufacturer 627.51 million, Headlines, Short Interest at MarketBeat exposure to Proterra at bargain... Between those three businesses, Proterra is an excellent play, now you just need excellent.... Dilutive but also helps the company thinks that the total addressable market opportunity actc stock merger date $... Via a SPAC merger ticker ACTC. `` a decade view the latest news, ratings... Proterra has a production track record that spans nearly a decade PTRA for share... To Proterra at $ 1.6 billion after the deal is set to value Proterra at $ 1.6 after. Ptra stock ticker calculations of Proterras pro format enterprise value-sales valuation multiples the share... Use please see Barchart 's disclaimer Proterra actc stock merger date divisions to other sectors delays terms. Received 1 share of ACTC previously held contain at least 1 number, 1,... A good buy based on page 43 of the electric transit vehicle market high System! The time EV-to-sales multiple of 20x 'm here to give you the user some control over sub. 4 billion and trades at a price of $ 11.50, which into. Have enclosed a table that shows my calculations of Proterras pro format enterprise valuation! To leading indices and get personalized stock ideas based on your portfolio we may support this at...

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