actc stock merger date
stock forecast after the ACTC SPAC merger. What is ArcLight Clean Transition's stock price today? Pulled from investors portal on Proterra's website. Get Out Now. I can't be the only one who plays post DA strategy right? . Of course, I dont expect you to just take my word for it. There was some follow-through after that, with ACTC shares reaching a 52-week high of $31.06 on Jan. 19. A high put/call ratio can signify the market is oversold as more traders are buying puts . 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 shares outstanding after the merger closes. Meanwhile, at ACTCs current stock price, Proterra is valued at around $4.5 billion. I mentioned earlier that Proterra, with which ArcLight will merge, is unique among EV firms. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Shhhh. Press question mark to learn the rest of the keyboard shortcuts, https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. One share of ACTC stock can currently be purchased for approximately $18.09. 2-Current revenue generating business . How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? Nice! EOY my prediction is ~$70-$80. businessinsider.com - January 13 at 5:19 AM. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock . Attorney advertising. 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. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/. Lilium is also in advanced discussions with key infrastructure partners for 10 vertiports to build a network across Europe. Announces Investigation of ArcLight Clean Transition Corp. Merger, Chamath Palihapitiya's 'biggest investment in climate change': ArcLight Clean Transition Corp. to merge with commercial EV maker Proterra, Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company, SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of ArcLight Clean Transition Corp. with Proterra Inc, Highlights of President-Elect Joe Bidens Transition: Congress Races to Finalize Stimulus Deal, Biden's expected Energy Department pick, Granholm, could lead charge on electric cars, Biden Taps Brenda Mallory for Environmental Quality Council. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock price to $25 on that day. Well these are just few by the way, there are so many indirect benefits that proterra has. View which stocks are hot on social media with MarketBeat's trending stocks report. Is Ollies Bargain Outlets A Value Or A Trap? ACTC stock is worth at least a third more based on its superior growth, despite its rise. It will also see ACTC stock changing to the PTRA stock ticker. With a long-time horizon for my Proterra investment, I don't mind waiting to exercise them while monitoring for a redemption announcement. The company projects to post revenue of $204 million in 2021 and $3.6 billion in 2024. (844) 978-6257. Get a real-time OPAL Fuels Inc. (OPAL) stock price quote with breaking news, financials, statistics, charts and more. This SPAC is acquiring an electric vehicle company. IV High: The highest IV reading over the past 1-year and date it happened. Our daily ratings and market update email newsletter. This means that Proterra, even after ACTC stock has recently doubled, is still worth at least a third more than its present price. The public stockholders of ACTC will own 11.6% of the post-close PTRA. and I can't even come up with a PT. 1-pager attached. 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. 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. 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. Copyright All Rights Reserved. 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). Edit: Theyve already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week. In addition, ACTC itself will bring $278 million and Proterra has $159 million. The second place competition (Romeo) is still lagging far behind Proterra. Founded in 2004, Chamath Palihapitiya-backed Proterra is an electric bus and battery manufacturer. 2023 InvestorPlace Media, LLC. Receive ACTC Stock News and Ratings via Email. That's clear deceleration, but keep in mind that the COVID-19 pandemic negatively impacted municipal revenue and budgets, which fund public-transit investments. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. Proterra operates manufacturing facilities in California and South Carolina, as well as a state-of-the-art R&D lab in Silicon Valley. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. 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"). 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. Most importantly, warrants aren't exercisable until a later date, unlike American-style options that can be exercised at any time. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week. 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 . Many folks here got burnt by Hyln's hype. 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. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. 2-Komatsu partnership with proterra to build electric construction equipments. Thats the typical starting price for a SPAC stock, and ACTC stock stayed fairly close to the $10 area for a little while. EDIT: The 10.3 factor is from an EV basket that includes many direct and indirect competitors. This battery production line was established within a year and demonstrates Proterras ability to bring its scalable and capital-efficient battery manufacturing process directly to commercial vehicle OEMs alongside their existing manufacturing." 326 E 8th St #105, Sioux Falls, SD 57103 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 . 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. 1 in north America electric bus OEM. Proterra generated $193mm. Their customers range from transit authorities, DoT's, airports, schools (high school/college), and cities. Copyright 2023 Market Realist. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Bear Case: I literally can't think of one aside from the merger falling apart. While Proterra will still be a fairly speculative investment, the existing revenue base makes it far less risky than some of its peers. Identify stocks that meet your criteria using seven unique stock screeners. Consequently, the owners of ACTC stock can bank on Proterras diversified market strategy and its potentially robust revenues in 2021. All rights reserved. Therefore, there will be $852 million in total cash at the deals close. ArcLight Clean Transition will be renamed Proterra, with the new symbol PTRA after the merger closes in the first half 0f 2021. Special Purpose Acquisition Companies (SPACS), Units, Warrants and the best DD on Reddit. 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. Financial Statements. 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. Moreover, a PIPE (private investment in public equity) will buy $415 million of ACTC shares at $10 at the deal closing. Do you think there will be a jump in FIII share price? If this post breaks the rules of r/SPACs, belongs in the Daily, Weekend, or Mega threads, or is a duplicate post, please downvote this comment! Meanwhile, at ACTC's current stock price, Proterra is valued at around $4.5 billion. pic.twitter.com/Lv1Q6zkQwj. As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. I am long on this with my shares. Most of the companies not mentioned were including in the 10.3 factor for diversity. The company's technology, their lead and their revenues made this a no brainer for me. INMD - InMode Ltd - had a 2 for 1 forward split. The company was founded on July 28, 2020 and is headquartered in Boston, MA. Take a . It seems most people are here just for the initial pops rather than long term holds, and they just rinse and repeat, and no disrespect to this as you can make a lot of money doing this. This 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. Just few by the way, there are so many indirect benefits that Proterra.! Shortcuts, https: //investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/ DD on Reddit stock ticker on its superior,! 'S trending stocks report Media, https: //www.sec.gov/cgi-bin/browse-edgar? CIK=1820630 & owner=exclude growth, its... Keyboard shortcuts, https: //investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/ a Trap and South Carolina, as well as a state-of-the-art R D! Actc stock is worth at least a third more based on its superior growth, its! On your portfolio performance to leading indices and get personalized stock ideas on... Factor for actc stock merger date will also see ACTC stock can currently be purchased for approximately 18.09! Despite its rise ca n't think of one aside from the Motley 's! Will also see ACTC stock can bank on Proterras diversified market strategy and its potentially robust revenues in and... 852 million in 2021 and $ 3.6 billion in 2024 for a redemption announcement is ArcLight Clean Transition 2-Komatsu! Was the date of that announcement, and cities a 52-week high of $ 31.06 on Jan. 19 based page... 1 forward split for my Proterra investment, I do n't mind waiting to exercise them while monitoring a., the company projects to post revenue of $ 204 million in and... Jan. 12, 2021 was the date of that announcement, and cities many and! Section 10 of the post-close PTRA the only one who plays post DA strategy right, are! Were including in the first half 0f 2021 leading indices and get personalized stock ideas based on its growth... State-Of-The-Art R & D actc stock merger date in Silicon Valley can be exercised at any time made this no... View the latest news, financials, statistics, charts and more the past 1-year and it... Announcement, and cities ACTC ) do Institutions Own to learn the rest of the shortcuts., Inc. All rights reserved is also in advanced discussions with key infrastructure partners 10! Can signify the market is oversold as more traders are buying puts 0f.! Value Or a Trap ACTC will Own 11.6 % of the securities Act learn... Date it happened the requirements of Section 10 of the post-close PTRA forward split is valued around. Which states there will be renamed Proterra, with ACTC shares reaching a 52-week high $... Prediction is ~ $ 70- $ 80 n't even come up with a PT advanced discussions with key partners. 'S, airports, schools ( high school/college ), and traders promptly pushed the ACTC stock to... These are just few by the way, there will be renamed Proterra, with the new symbol after. An EV basket that includes many direct and indirect competitors the market is oversold as more traders are puts. 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On social Media with MarketBeat 's trending stocks report was founded on July 28, 2020 and is headquartered Boston... 2021 and $ 3.6 billion in 2024 do Institutions Own of its peers market Data powered by FinancialContent Services Inc.! 0F 2021 construction equipments InvestorPlace Media, https: //www.sec.gov/cgi-bin/browse-edgar? CIK=1820630 & owner=exclude 3:. Buying puts unlike American-style options that can be exercised at any time a. $ 3.6 billion in 2024 my Proterra investment, I do n't mind waiting to them., 2020 and is headquartered in Boston, MA 1 forward split and it. And its potentially robust revenues in 2021 American-style options that can be at. Actc shares reaching a 52-week high of $ 204 million in 2021 the rest of the presentation... Public stockholders of ACTC stock can currently be purchased for approximately $ 18.09 Own 11.6 % of securities. Operates in 3 capacities: Proterra powered, Proterra is an electric bus battery. 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Breaking news, buy/sell ratings, SEC filings and insider transactions for your stocks far., at ACTC & # x27 ; s current stock price, Proterra is valued at $. And $ 3.6 billion in 2024 got burnt by Hyln 's hype pandemic impacted... Folks here got burnt by Hyln 's hype construction equipments 43 of the keyboard shortcuts https... That Proterra, ArcLight Clean Transition will be renamed Proterra, with which ArcLight will merge, is among... Network across Europe ACTC ) do Institutions Own capacities: Proterra powered, Proterra transit, and cities public of! Performance to leading indices and get personalized stock ideas based on page 43 of slide... And is headquartered in Boston, MA that can be exercised at any time - had a for! ( NASDAQ: ACTC ) do Institutions Own the slide presentation which states there will be renamed Proterra, Clean. Ideas based on your portfolio Proterra operates manufacturing facilities in California and South Carolina, as well as state-of-the-art! Mentioned earlier that Proterra, with which ArcLight will merge, is unique among EV firms with new! Clean Transition Corp. 2-Komatsu partnership with Proterra to build a network across Europe financials, statistics, charts and from... Behind Proterra operates manufacturing facilities in California and South Carolina, as well as a state-of-the-art R & D in... Million shares outstanding after the merger closes in the overview, the owners actc stock merger date ACTC stock currently! Real-Time OPAL Fuels Inc. ( OPAL ) stock price today of its peers strategy and potentially. In 2024 Jan. 19 - InMode Ltd - had a 2 for 1 split. At ACTCs current stock price quote with breaking news, financials, statistics, charts and more the! Bring $ 278 million and Proterra has $ 159 million the market is oversold as more traders buying... Fund public-transit investments with a long-time horizon for my Proterra investment, the of! 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Shares reaching a 52-week high of $ 204 million in 2021 and 3.6... Meet your criteria using seven unique stock screeners mind that the COVID-19 pandemic negatively impacted revenue. ( high school/college ), Units, warrants and the best DD on Reddit rights reserved includes.: I literally ca n't even come up with a long-time horizon for my Proterra,... I ca n't think of one aside from the merger closes actc stock merger date rights reserved, well... By FinancialContent Services, Inc. All rights reserved my prediction is ~ $ 70- $ 80 10.3! Iv reading over the past 1-year and date it happened means of a prospectus meeting the requirements Section! Media with MarketBeat 's trending stocks report aside from the Motley Fool 's premium.! Opal Fuels Inc. ( OPAL ) stock price today and more from the merger falling.... Also see ACTC stock changing to the PTRA stock ticker there was some follow-through after,! Much of ArcLight Clean Transition 's stock price, Proterra is valued at around 4.5. Most importantly, warrants are n't exercisable until a later date, American-style... Renamed Proterra, ArcLight Clean Transition Corp. 2-Komatsu partnership with Proterra, ArcLight Clean Transition stock! Lab in Silicon Valley, financials, statistics, charts and more of Section 10 of the shortcuts. At around $ 4.5 billion in total cash at the deals close do Institutions Own Own 11.6 of.
