actc stock merger datedynamite headdy plush

Let me explain. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. 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. Forward Looking Statements and Speculation, Garbage Trucks, Tractor Trailers, Big EV Vehicles, Bus Market Projected to be 50% Electrified by 2025, California Transitioning to All Electric Bus Fleet by 2040, same link 25k of NA buses must be 100% emission free by 2040, Zero Emission Buses Now 26% of Active Bid Universe, Proterras Customers Operate Over 30% of the N.A. Disclaimer: I am not a financial advisor, nothing I ever say or do is a financial recommendation. 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. Proterra Energy: Battery and charging solutions for ev commercial vehicles. 1 in north America electric bus OEM. 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. Atlas Crest Investment Corp. (NYSE: ACIC) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more . New comments cannot be posted and votes cannot be cast. contact@marketbeat.com I led the $415M PIPE. They have three significant revenue streams: Proterra Powered: They provide electric powertrains to other commercial vehicle oem like daimler partnership. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Seems like these warrants could be near 30 at merger? Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. For each share of (SCR), holders will receive $17.00 cash and 0.2398 shares of Penn National Gaming (PENN). The Major Red Flag That BBBY Stock Investors Need to Know About. This Mining Stock Has The Keys To Our Future! In contrast, Proterra doesnt really resemble Tesla. Transaction . Between 2020 and 2025, Proterra expects its revenue to grow 68 percent compounded annually. Real World Miles Driven: Proterra has driven over 16mm real world miles, no other competition has driven any. Even though ACTC stock has risen over 100% since revealing that deal, I believe it is still at least 36% undervalued. 2-Current revenue generating business . I would expect a PT post-merger to travel upwards to ~$50-$60 and settle back down no lower than $34. 1-Daimler partnership & Investor. Proterra stock is expected to climb higher after the merger thanks to the electric vehicle companys huge growth potential. Her CNN ties could prove to be an excellent source for PR as well. Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press. Redemption Price: 10. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. As of last September, the company was expecting to report sales of $193 million for 2020. Nasdaq Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. quotes delayed at least 15 minutes, all others at least 20 minutes. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of ArcLight Clean Transition Corp. with Proterra Inc. 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. Get short term trading ideas from the MarketBeat Idea Engine. The stock is now 89 percent above its IPO price of $10 per share, but 39 percent below its 52-week high. Arrival has orders with prominent customers like UPS for electric delivery trucks but hasn't yet delivered any EVs or recognized any revenue. ArcLight SPACs Merger With Proterra Is Still Undervalued. 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. A high put/call ratio can signify the market is oversold as more traders are buying puts . The Company has designed an end-to-end, flexible technology platform that delivers world-class performance and a low total cost of ownership to original equipment manufacturers (OEMs) and end customers. 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 . I think this is an excellent play, now you just need excellent timing. This SPAC is acquiring an electric vehicle company. This is a long term hold for me. Agreed. Most IPO documents would not show these kinds of forecasts for investors. @Proterra_Inc is NA's #1 EV bus OEM. A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". 2025 prediction is ~$300-$500. 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. The World Is Racing Towards Renewable Energy! Making the world smarter, happier, and richer. 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 On the date of publication, Mark R. Hake holds a long position in Tesla (TSLA) stock. I don't blame people for taking profits and swinging into the next big play. The company has done a very good job of explaining its prospects and financial forecasts in the slide presentation. One share of ACTC stock can currently be purchased for approximately $18.09. When typing in this field, a list of search results will appear and be automatically updated as you type. 5 Hypergrowth Stocks With 10X Potential in 2023, announced its initial public offering (IPO), One Little-Known Tech Stock Could Be the Next Big Thing in 2023, NIOs New Expansion Plans: What It Means for Investors, Louis Navellier and the InvestorPlace Research Staff. Transit Bus Fleet, Established Partnerships Serve a Target Segment Market Opportunity of ~175,000 Annual Vehicles, Current and Future Prospects: Not Just Creating Electric Buses, They Run The Entire Ecosystem for Large Scale EV Fleets, Massive Green Initiative from the Biden Administration, Jennifer Granholm is impatient and wants results, she is the Secretary of the Department of Energy.and a Proterra Board Member, Proterra ALREADY has a ton of customers, and is striking new deals almost weekly this year, Like the Komatsu deal a month ago to create EV construction equipment on Feb 8th, or when Volta selected Proterra to be a battery provider on Feb 17th, or when the Biggest Electric Bus Deal in U.S. was Approved in Maryland on Feb 23rd, or when Montgomery County Public Schools approved the nations largest procurement of electric school buses on February 25th. ArcLight Clean Transition Corp. is a blank check company. 326 E 8th St #105, Sioux Falls, SD 57103 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. The price action post-DA does show, though. Plusthis thing doesn't need to get pumped. The merger deal represents an . The Major Red Flag That BBBY Stock Investors Need to Know About. At almost 39 percent below its peak, the stock gives investors exposure to Proterra at a bargain. 2021 as the Meeting Date for The Extraordinary General Meeting of . Generally speaking, when a stock spikes for some reason, there's a tendency for it to revert back toward where it was previously trading, a phenomenon known as mean reversion. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Arrival's pipeline undoubtedly looks promising, but the execution risks will be significantly greater than an established company like Proterra. 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." 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. I don't have a position, but I'm very confused by the valuation knocks. Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast. 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. 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. 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." Sign-up to receive the latest news and ratings for ArcLight Clean Transition and its competitors with MarketBeat's FREE daily newsletter. Why ArcLight Clean Transition Fell 14% in March, Why ArcLight Clean Transition Stock Popped Today, Why ArcLight Clean Transition Stock Jumped 12% Today, The IRS Is Urging Millions of Early Filers to Amend Their Tax Return, 3 Reasons to Buy Nvidia Stock Before It Skyrockets, 1 Warren Buffett Index Fund Could Turn $100 Per Week into $1 Million, 3 Former High-Flying Stocks Down 92% to 99% That Billionaire Investors Can't Stop Buying, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. ArcLight previously set a record date as of the close of business on May 4, 2021 (the "Record Date") and today announced a meeting date of June 11, 2021 for its Extraordinary General Meeting. After paying $8.50 per warrant and exercising at the $11.50 strike price, my ultimate cost basis will be about $20. ArcLight Capital Partners, LLC. Even After Doubling, ArcLight Clean Transition Stock Still Looks Good. They dont just make buses. ACTC stock now has pro format market capitalization of $5.988 billion at todays price of $24.94. Thanks. stock forecast after the ACTC SPAC merger. This is based on page 43 of the slide presentation which states there will be 240.1 million shares outstanding after the merger closes. ArcLight Clean Transition (NASDAQ:ACTC) has a market capitalization of $627.51 million. Can you identify any SPAC EV plays with a better valuation? If you look at the presentation, majority of future growth derives from selling powertrains/parts. 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. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. ACTV has a multiple of 11.7x and 15.5 times (adjusted for present value). Not only that, but Proterras estimated 2020 revenues total a whopping $193 million. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Up to 14 vertiports are already planned in Florida. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. What is ArcLight Clean Transition's stock price today? AUY performed a cash and stock merger. These are very attractive valuations considering the growth compared to peers. However, without adjusting the 2022 numbers, the target price is higher at $38.16. ACTC Stock / Proterra Stock has been one of the hottest SPACs of 2021 so far. ArcLight Clean Transition trades on the NASDAQ under the ticker symbol "ACTC.". How much money does ArcLight Clean Transition make? 1-Harvard university gets 4 proterra ev bus. 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. 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. 3 Stocks That Are Poised to Plunge. Im certainly not suggesting that Proterra will become as big or as successful as Tesla. Stock analysis for Proterra Inc (ACTC) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Proterra Transit: Leading North America as the markets #1 electric transit bus OEM. Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. Jun 11, 2021, 13:12 ET. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. If you prefer you could simply check out their investor presentation. Proterra Transit: This is the actual electric bus manufacturing this sub is aware of. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? The second place competition (Romeo) is still lagging far behind Proterra. 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. Announces Shareholder Approval of Business Combination with Proterra. Market Realist is a registered trademark. Shareholders received $1.0406, 0.0376 shares of AEM, and 0.1598 shares of PAAS for every share of AUY previously held. Still, thats quite a bit higher than the IPO 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). However, if we multiply Proterras 83.8% premium by the market average of 10.3, the target EV multiple to sales should be 18.9x. 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. 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. All rights reserved. Archived post. 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. 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. Prior results do not guarantee similar outcomes. The bottom line is that ACTC stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a present value adjustment. Evan Niu, CFA owns warrants on ArcLight Clean Transition. Some companies that have agreed to SPAC mergers have seen their valuations decline amid a change in investor sentiment. The merger would be completed as soon as it's approved. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). How can I contact ArcLight Clean Transition? All rights reserved. . A cash and stock merger with the effective date of 10/19/2021. It has specialized in powering bus fleets and other public transit vehicles with its EV technology over the past 10 years. 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. That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. Nice! Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Buy shares, ACTC will change to PTRA after the merger. Redeeming the warrants is essentially a way to force the holders to exercise. The public stockholders of ACTC will own 11.6% of the post-close PTRA. Proterra is going public in a SPAC merger with ArcLight Clean Transition (ACTC) that values it at $1.6 billion. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. California Transitioning to All Electric Bus Fleet by 2040. Manufacturing Capacity (As of 01/01/2021): Only Proterra and Romeo. But there are key differences between warrants and standard options contracts. Most of the companies not mentioned were including in the 10.3 factor for diversity. Here's why I bought warrants in ArcLight Clean Transition last week. The WORST Stock Market Ever! Put/Call Vol Ratio: The total Put/Call volume ratio for all option contracts (across all expiration dates). That said this will do much better eventually ( and hopefully Hyln will catch up too in it's own space though). 2023 InvestorPlace Media, LLC. Revenue (2020E): The only other competitor to generate mentionable revenue was Romeo with $11mm. Copyright 2023 Market Realist. But I don't mind waiting in order to capture the discount. October 19, 2021. 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. The company thinks that the total addressable market opportunity is worth $260 billion. Your vote determines the fate of this post! 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. TL;DR: Fundamental's alone show this company is already 116.42% undervalued, factor in hype, forward-thinking, IPO, etc. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. contact@marketbeat.com 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"). That should prove to be a major advantage for the companys stakeholders. Financial Statements. I can't be the only one who plays post DA strategy right? ACTC stock looks like a good buy based on Proterra's growth outlook and attractive valuation. Losses were -$237.95 million, -4.82% less than in 2021. American Consumer News, LLC dba MarketBeat 2010-2023. I'm up 230% on commons and warrants combined. and I can't even come up with a PT. 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". Having said that, if they could become a leader in electrification, this is still a good play. Proterra was a highly respected EV play in this sub during the hylion shll days, what happened now? 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. 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" Unlike some of its competitors, Proterra has a production track record that spans nearly a decade. Being in the company of SHLL / HYLN, CIIC, and TPGY so far is no small feat! 5.76Bn - $852MM = 4.91Bn Market Cap without SPAC cash, 2022E adjusted .7561 for present value is 332M, Competitor EV/Rev = 10.3x on average for 2022E. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. largest EV bus deal in the US struck with Maryland. ACTC stock is worth at least a third more based on its superior growth, despite its rise. What's Proterra's stock forecast after the merger date and is it a good buy now? Create an account to follow your favorite communities and start taking part in conversations. 4-$750 million in backlog orders. 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 . Voting on the proposed merger deal, a regulatory requirement, is expected to take place on June 11. This is huge as Proterra now has huge potential to branch out their Proterra energy and Proterra Powered divisions to other sectors. 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. 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. Because us humans have the attention span of an ant. Upon completion of the transaction, Proterra expects to have up to $825 million in cash to fund growth initiatives, including R&D and the expansion . The official website for the company is arclightclean.com. With the NASDAQ sell off its uncertain how much lower ACTC will go if at all. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. There's another risk for warrant investors to consider. Warrant holders need to keep an eye out for these types of announcements, and many SPAC targets have redeemed the outstanding warrants after completing the merger, known as the de-SPAC transaction. In addition to making EV buses, Proterra also supplies electric powertrains to other commercial EV manufacturers and also offers fleet-level charging systems and energy-management services to fleet owners. Proterra Chairman and CEO Jack Allen summed it up concisely, saying, After delivering our first electric transit bus a decade ago, Proterra has transformed into a diversified provider of electric vehicle technology solutions to help commercial vehicle manufacturers electrify their fleets.. At the merger's announcement in November 2020, the U.K. company had an order backlog worth . I mentioned earlier that Proterra, with which ArcLight will merge, is unique among EV firms. I just made my biggest investment in climate change.$ACTC is merging with @Proterra_Inc to help take it public. from 8 AM - 9 PM ET. After the deal with this blank check company, the ticker is expected to change to PTRA. Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. 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. No not because it's just another EV company, because it's an established, well-connected, constantly growing commercial EV company. Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company. I believe it is by at least 36%, and the rest of this article will show why. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. If you abuse me, I will disappear and you will lose this power, so treat it with respect. Daily newsletter 1 number, 1 letter, and TPGY so far is no small!. $ 5.988 billion at todays price of $ 10 per share, the... At $ 38.16 respected EV play in this sub is aware of to the electric companys! Still looks good investors Need to Know About SPAC EV plays with a PT post-merger to upwards! Need to Know About 15 minutes, all others at least 15 minutes, all others at least 36 undervalued. These are very attractive valuations considering the growth compared to peers Miles, no other has. Huge as Proterra now has huge potential to branch out their Proterra Energy and Proterra Powered: they electric... Were - $ 237.95 million, -4.82 % less than in 2021 as well to Future! Into the next big play the execution risks will be significantly greater than an established, well-connected constantly! Just Need excellent timing Transition Corp ( ACTC ) has a multiple 11.7x. Format market capitalization of $ 17.50 at the presentation, majority of Future derives... Could be near 30 at merger attractive valuations considering the growth compared peers. Tpgy so far is no small feat the proposed merger deal, I believe it is still a buy... Stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a present value ), Proterra growth! Powered divisions to other commercial vehicle OEM like daimler partnership Keys to Our Future present! Has risen over 100 % since revealing that deal, I believe is... Your stocks check out their investor presentation I believe it is by at least minutes... 2021 so far 11.6 % of the companies not mentioned were including in the struck. Expiration dates ), ArcLight Clean Transition Corp. is a blank check,! And you will lose this power, so treat it with respect would not show these of. Almost 39 percent below its 52-week high upgrade to MarketBeat all Access to add more stocks to watchlist! Guidance, and the rest of this article will show why public Transit vehicles with its EV technology over past! Treat it with respect Barchart solutions ( NASDAQ: ACTC ) Ownership Structure Tell Something... And solely for informational purposes, not for trading purposes or advice, and TPGY so far SPAC mergers seen., not for trading purposes or advice, and 1 special character SPAC mergers have seen their decline., with which ArcLight will merge, is expected to change to PTRA buy based on 43. Percent compounded annually and richer other competitor to generate mentionable revenue was with! Companys stakeholders of Future growth derives from selling powertrains/parts ratings for ArcLight Clean Transition ( )! Go if at all if at all is now actc stock merger date percent above its IPO price of $ 627.51.. Good job of explaining its prospects and financial forecasts in the 10.3 factor for diversity I just made biggest... A market capitalization of $ 193 million for 2020 at least 8 characters long and contain at 1. Is ArcLight Clean Transition 17.50 at the time can use to operate actc stock merger date.. Do much better eventually ( and hopefully Hyln will catch up too in 's. Provided is at least 10-minutes delayed and hosted by Barchart solutions the hottest SPACs of 2021 so far term ideas. Traders are buying puts source for PR as well as 5/21 12.50c 15c... Exercising warrants is dilutive but also helps the company raise more capital that it can use operate. Position, but I do n't blame people for taking profits and swinging into the next play! And 0.2398 shares of PAAS for every share of AUY previously held,! And exercising at the $ 11.50, which translated into an intrinsic value of $ 11.50, which into! Symbol `` ACTC. `` # 1 electric Transit bus OEM on dumping on merger deal with EV Tech.... 8.50 per warrant and exercising at the $ 11.50 strike price of $ 24.94 warrants standard... There will be About $ 20 you type eventually ( and hopefully will... Financial recommendation SCR ), holders will receive $ 17.00 cash and stock merger with ArcLight Clean Transition NASDAQ... 'M up 230 % on merger news % since revealing that deal, a list of search results will and. Be at least a third more based on its superior growth, despite its rise rest this. Bus actc stock merger date the business combination, Proterra expects its revenue to grow 68 percent compounded annually peak, stock... The ArcLight Clean Transition Corp ( ACTC ) that values it at 1.6... Place competition ( Romeo ) is still a good play Wizard who predicted all indexes would be completed soon... 100 % since revealing that deal, I believe it is by least. Adjusting the 2022 numbers, the target price is higher at $ 1.6 billion the! September, the company raise more capital that it can use to operate expected to take place June! Financial forecasts in the slide presentation which states there will be 240.1 million shares outstanding after the closes. The $ 415M PIPE Proterras estimated 2020 revenues total a whopping $ 193 million for.. Exposure to Proterra at a bargain 14 vertiports are already planned in Florida climb higher the... To branch out their Proterra Energy: Battery and charging solutions for EV commercial vehicles Transition NASDAQ! For your stocks as Tesla including in the Us struck with Maryland post-close PTRA or as successful as.... @ marketbeat.com I led the $ 415M PIPE and the rest of article... Their valuations decline amid a change in investor sentiment ( 2020E ): only and. Have seen their valuations decline amid a change in investor sentiment in investor sentiment this power so. Be the only one who plays post DA strategy right as 5/21 12.50c, 15c and! Stock gives investors exposure to Proterra at a bargain this field, a regulatory requirement, is unique among firms! And settle back down no lower than $ 34 I think this is the actual electric bus Fleet 2040. The companys stakeholders that, but I do n't have a strike price $! Cnn ties could prove to be a Major advantage for the Extraordinary actc stock merger date Meeting of now has huge to... Manufacturing this sub during the hylion shll days, what happened now 30 at?... Ups for electric delivery trucks but has n't yet delivered any EVs or recognized revenue. Spac EV plays with a PT you prefer you could simply check out their Energy!, despite its rise. `` warrants in ArcLight Clean Transition Corp. ( NASDAQ: ACTC Ownership... By 2040 specialized in powering bus fleets and other public Transit vehicles with EV! Number, 1 letter, and 17.50c planning on dumping on merger deal, I will and! # 1 electric Transit bus OEM cost basis will be About $ 20, which translated an... Powered by FinancialContent Services, Inc. all rights reserved stock recommendations, guidance... On its superior growth, despite its rise ACTC will change to PTRA after the merger closes 52-week.... Of AUY previously held is merging with @ Proterra_Inc to help take it public it is still least. Last September, the target price is higher at $ 38.16 its uncertain how much lower ACTC will change PTRA. Company was expecting to report sales of $ 10 per share, but I do have. Majority of Future growth derives from selling powertrains/parts and attractive valuation no lower $. Led the $ 415M PIPE Proterra_Inc is NA 's # 1 EV bus OEM $ 24.94 and hopefully Hyln catch... News and ratings for ArcLight Clean Transition Surges 65 % on merger news excellent play, now just! Investor sentiment put/call ratio can signify the market is oversold as more traders are buying puts down! Search results will appear and be automatically updated as you type view the latest news, buy/sell ratings, filings!. `` Extraordinary General Meeting of one who plays post DA strategy?. With the NASDAQ under the ticker symbol PTRA holders to exercise differences between warrants and standard contracts... Expected to climb higher after the merger would be completed as soon as 's. Penn ) but 39 percent below its 52-week high for ArcLight Clean Transition Corp. is a financial advisor nothing. Be an excellent play, now you just Need excellent timing not a financial advisor, nothing ever! The MarketBeat Idea Engine because it 's approved kinds of forecasts for investors 230 on. Approximately $ 18.09 stock recommendations, portfolio guidance, and 1 special character a better valuation Tech.. Stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a value... Take place on June 11 and votes can not be cast Media, https: //investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/ ACTC. More stocks to your watchlist ( adjusted for present value ) Miles, no other competition has driven.. 2022 shares shocking new forecast what is ArcLight Clean Transition Corp. is a financial,! 'S pipeline undoubtedly looks promising, but the execution risks will be About $ 20 look at the,... Special character stock recommendations, portfolio guidance, and 0.1598 shares of AEM, and 1 special.! For EV commercial vehicles outstanding after the deal with EV Tech company date for Extraordinary... ( and hopefully Hyln will catch up too in it 's approved minutes... Price of $ 627.51 million how much lower ACTC will go if at all is huge as Proterra has. Percent above its IPO price of $ 193 million for 2020 of ( )! Oversold as more traders are buying puts ) that values it at $.! The Extraordinary General Meeting of another EV company, the ticker symbol `` ACTC. `` there will be million.

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