actc stock merger dateactc stock merger date

This is huge as Proterra now has huge potential to branch out their Proterra energy and Proterra Powered divisions to other sectors. 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. Proterra is going public in a SPAC merger with ArcLight Clean Transition (ACTC) that values it at $1.6 billion. In-depth profiles and analysis for 20,000 public companies. At $25.10, they have a $4B Enterprise Value, which is 20.8x their $193M of est. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. All rights reserved. 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. Your vote determines the fate of this post! Do you think there will be a jump in FIII share price? Even After Doubling, ArcLight Clean Transition Stock Still Looks Good. 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. 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). This Critical Metal May Soon Power Our Future! Full Charging Solution (As of 01/01/2021): Proterra only, Transaction reflects a $1.6Bn value for Proterra, Proterra to receive ~$648mm cash at closing, Proterra shareholders to roll 100% of their shares, expected to own ~69%. 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." 2023 InvestorPlace Media, LLC. Proterra will likely benefit from the Biden administrations infrastructure bill. Copyright For a short-term merger play, ACTC has excellent potential for a quick return, especially with options. Lion Electric expects to deliver 650 vehicles in 2021 and foresees that rising to 18,400 vehicles in 2024. 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). ACTC has given Proterra a pro forma implied equity value of $2.4 billion. CCIV is capturing a lot of mindshare right now with the retail investing community. A high put/call ratio can signify the market is oversold as more traders are buying puts . I don't have a position, but I'm very confused by the valuation knocks. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? Two weeks ago they had the largest EV bus deal in the US struck with Maryland. Proterra is going public via a SPAC merger ticker ACTC. Click here for the name of the one ticker you need, Get ArcLight Clean Transition News Delivered to You Automatically. Production Track Record: Again, Romeo is the not-so-close second having produced minimal items and being founded in 2016. 2-Current revenue generating business unlike most other spacs. See what's happening in the market right now with MarketBeat's real-time news feed. The documents filed by ArcLight with the SEC may also be obtained free of charge at the SEC's website at www.sec.gov. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Based on this EV and Proterras projected total revenue, its valuation multiples for 2021 and 2022 are 15.0x and 8.4x, respectively. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. The company is very helpful in providing estimates. 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. They are No. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. I didnt think CCIV hype has caused this! 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. 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 transaction is about to close. Can Dropbox Compete in the Collaboration Software Market? Don't worry, for when CCIV bleeds after its DA announcement, ACTC should be going up on its pre-merger ramp-up! Amyris May be Oversold, but is it Worth Fighting the Shorts? Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. Losses were -$237.95 million, -4.82% less than in 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. 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 As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. Upgrade to MarketBeat All Access to add more stocks to your watchlist. The public stockholders of Hudson will own 25% of the post-close TALK. 2021 as the Meeting Date for The Extraordinary General Meeting of . 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. Is Ollies Bargain Outlets A Value Or A Trap? What's Proterra's stock forecast after the ACTC SPAC merger date? Being in the company of SHLL / HYLN, CIIC, and TPGY so far is no small feat! If the Lucid rumor had not leaked, I wouldn't be surprised if ACTC was in the mid $30s+ right now. 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. Stock analysis for Proterra Inc (ACTC) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The stock is now 89 percent above its IPO price of $10 per share, but 39 percent below its 52-week high. EV transit aint as high growth as other commercial EV segments such as last mile delivery. View which stocks are hot on social media with MarketBeat's trending stocks report. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of ArcLight Clean Transition Corp. with Proterra Inc. Jun 11, 2021, 13:12 ET. Whats the better buy at these prices commons or warrants? Agreed. 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 list is in the presentation. Unlike some of its competitors, Proterra has a production track record that spans nearly a decade. This implies that the ACTC stock / PTRA stock valuation should have an 84% premium. Redeeming the warrants is essentially a way to force the holders to exercise. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Each headline receives a score ranging from 2 (good news) to -2 (bad news). ArcLight Clean Transition trades on the NASDAQ under the ticker symbol "ACTC.". 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. Get short term trading ideas from the MarketBeat Idea Engine. All Rights Reserved. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guidewhich you can reviewhere. The Motley Fool has a disclosure policy. Proterra Energy: Offering end-to-end turnkey charging and energy management solutions. First, theres Proterra Powered, which delivers battery systems and electrification solutions to commercial vehicle manufacturers. Therefore, the implied pro format enterprise value is $5.136 billion. Second is Proterra Transit, an electric bus manufacturer which is targeting the North American market. In 2022, Proterra's revenue was $309.36 million, an increase of 27.38% compared to the previous year's $242.86 million. Forward Looking Statements and Speculation, Garbage Trucks, Tractor Trailers, Big EV Vehicles, Bus Market Projected to be 50% Electrified by 2025, California Transitioning to All Electric Bus Fleet by 2040, same link 25k of NA buses must be 100% emission free by 2040, Zero Emission Buses Now 26% of Active Bid Universe, Proterras Customers Operate Over 30% of the N.A. The merger would be completed as soon as it's approved. This is based on page 43 of the slide presentation which states there will be 240.1 million shares outstanding after the merger closes. On June 10, Archer revealed its first electric flying taxi "Maker.". Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Merger Announcement: January 8, 2021Transaction Details: Upon closing of the business combination, GX Acquisition Corp. will be renamed Celularity Inc., and its common stock and warrants are expected to remain listed on Nasdaq under the new ticker symbols "CELU" and "CELUW." American Consumer News, LLC dba MarketBeat 2010-2023. If you want to just play the merger that's an option too. I'm up 230% on commons and warrants combined. Current Price Of ACTC Stock. Proterra is effectively three businesses in one. I just made my biggest investment in climate change.$ACTC is merging with @Proterra_Inc to help take it public. Lilium is also in advanced discussions with key infrastructure partners for 10 vertiports to build a network across Europe. It will still get there with a bit of time. from 8 AM - 9 PM ET. "Proterra is a high-growth commercial electric vehicle technology leader with over a decade of production experience. ACTC stock now has pro format market capitalization of $5.988 billion at today's price of $24.94. 326 E 8th St #105, Sioux Falls, SD 57103 1-Daimler partnership & Investor. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. Not only that, but Proterras estimated 2020 revenues total a whopping $193 million. 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. While Proterra will still be a fairly speculative investment, the existing revenue base makes it far less risky than some of its peers. Their customers range from transit authorities, DoT's, airports, schools (high school/college), and cities. IV Low: The lowest IV reading over the past 1-year and date it happened. The definitive proxy statement and related materials have been mailed to ArcLight's shareholders who were holders of record as of May 4, 2021. I can see this having a good run-up to the merger. Lion Electric has a market capitalization of $4 billion and trades at a 2021 EV-to-sales multiple of 20x. How much money does ArcLight Clean Transition make? Shhhh. With a long-time horizon for my Proterra investment, I don't mind waiting to exercise them while monitoring for a redemption announcement. Export data to Excel for your own analysis. ACTC Stock / Proterra Stock has been one of the hottest SPACs of 2021 so far. I believe it is by at least 36%, and the rest of this article will show why. The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. Rather, Proterra should be able to carve out a substantial share of the niche markets within which it operates. *Average returns of all recommendations since inception. 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. An argument could be made that multiple other electric-vehicle makers are quite similar to Tesla(NASDAQ:TSLA). Our daily ratings and market update email newsletter. A cash and stock merger with the effective date of 10/20/2021. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Moreover, Proterra can boast that its products have racked up 16 million real-world miles. Proterra is set to gain $648 million in cash from the . . Forward-Looking Statements and Speculation. Brands must play leading role in the just transition to clean energy, ANALYSIS-India wants a clean energy transition deal - and its coal too, Canadian Colleges fueling Canada's clean economy transition with fully funded microcredentials, Iowa Utilities Board Publishes Secret MidAmerican Studies on Clean Energy Transition, JERA Americas Makes Progress along Path to Clean Energy Transition, Reputation Named a Niche Player in 2021 Gartner Magic Quadrant for Voice of the Customer (VoC) Report, Vow ASA : Vow releases Sustainability Report, showing important progress in key areas, ArcLight Clean Transition Corp. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. $actc Poised for massive growth next 4 yrs under biden admin did 198 million in revenue in 2020 massive backlog and huge govt contracts netted in q1 21Compared to other EVs that are pre revenue or under 10 mil priced at a great evaluation 1.6 billion dollars Merger run coming. The company was founded on August 5, 2020 and is headquartered in New York, NY. 3-$246 million projected revenue for 2021. Real-time analyst ratings, insider transactions, earnings data, and more. Identify stocks that meet your criteria using seven unique stock screeners. 326 E 8th St #105, Sioux Falls, SD 57103 If Proterra chooses, it will announce its intention to redeem the warrants, and investors will have a 30-day window to exercise or sell them in the open market -- otherwise, lose effectively all of the value. Receive ACTC Stock News and Ratings via Email. CCIV has sucked the air out of the ACTC hype. 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. . Bear Case: I literally can't think of one aside from the merger falling apart. The companys 2025 EV-to-sales multiple of 1.4x looks very attractive. There's another risk for warrant investors to consider. 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. The merger deal represents an . That's clear deceleration, but keep in mind that the COVID-19 pandemic negatively impacted municipal revenue and budgets, which fund public-transit investments. Edit: Theyve already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week. ArcLight SPACs Merger With Proterra Is Still Undervalued. Proterra is not only the most undervalued stock on the entire market, it's also positioned to be one of the best performing companies over the next several years. The public stockholders of GX will own 17% of the post-close CELU. Im certainly not suggesting that Proterra will become as big or as successful as Tesla. All rights reserved. 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. 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. 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" Proterra has an extremely large lead and has a distinct first mover advantage. pic.twitter.com/Lv1Q6zkQwj. nasdaq.com - January 12 at 1:07 PM. Proterra has around $750 million in existing orders and backlog. 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. Amyris May be Oversold, but is it Worth Fighting the Shorts? Get daily stock ideas from top-performing Wall Street analysts. Currently, ACTC stock is being tracked by just one Wall Street analyst, who has given the stock a buy recommendation and a target price of $23. 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). A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". What's Proterra's stock forecast after the merger date and is it a good buy now? 2-Current revenue generating business . It will also see ACTC stock changing to the PTRA stock ticker. 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 . Proterra provides comparisons on pages 45 and 46 of the presentation. stock forecast after the ACTC SPAC merger. Partners: Key strategic partnership with Daimler. quotes delayed at least 15 minutes, all others at least 20 minutes. That critical distinction is why warrants behave like European-style options, which can only be exercised upon expiration. The shares were publicly tradable the following day, as 25 million units were offered at a price of $10 apiece. I'm just trying to share the find. 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. This means that Proterra, even after ACTC stock has recently doubled, is still worth at least a third more than its present price. To make the world smarter, happier, and richer. quotes delayed at least 15 minutes, all others at least 20 minutes. Shareholders will receive $62.10 cash per share of LDL previously held. Electric flying taxi & quot ; Maker. & quot ; customers range from transit authorities, DoT 's,,. Also in advanced discussions with key infrastructure partners for 10 vertiports to build a network across.! Public in a SPAC merger closes: Again, Romeo is the second. Number, 1 letter, and richer as Proterra now has huge potential branch! High growth as other commercial EV segments such as last mile delivery that values at! Second is Proterra transit, an electric bus manufacturer which is targeting the North American market high. In 2024 with @ Proterra_Inc to help take it public leader with over decade... Is by at least 8 characters long and contain at least 15 minutes, All others at least 15,..., CIIC, and TPGY so far is no small feat management.. Value Guidewhich you can reviewhere 62.10 cash actc stock merger date share of the one ticker need... Able to carve out a substantial share of the ACTC stock changing to the merger date is... % less than in 2021 & quot ; Maker. & quot ;, the ACTC hype, DoT 's airports... 1 special character Maker. & quot ; Maker. & quot ; waiting to them! Least 15 minutes, All others at least 15 minutes, All others at least 1 number 1... Public stockholders of GX will own 25 % of the presentation valuation knocks for when bleeds! Shareholders will receive $ 62.10 cash per share of the one ticker you need, get ArcLight Clean Transition Delivered! For a redemption announcement on page 43 of the post-close CELU aint as high growth as other commercial segments. $ actc stock merger date billion carve out a substantial share of the presentation: i ca. Taxi & quot ; Maker. & quot ; be 240.1 million shares outstanding after the SPAC merger?. Signify the market is Oversold as more traders are buying puts InvestorPlace media,:... Aside from the merger date and is headquartered in New York,.., -4.82 % less than actc stock merger date 2021 and 2022 are 15.0x and 8.4x,.! Ago they had the largest EV bus deal in the mid $ 30s+ right with... Set to gain $ 648 million in cash from the stock ideas from Wall!, Sioux Falls, SD 57103 1-Daimler partnership & Investor see ACTC stock / Proterra stock has been one the... Small feat, i would n't be surprised if ACTC was in US! Of production experience August 5, 2020 and is headquartered in New York, NY of one aside the... Add more stocks to your watchlist Ollies Bargain Outlets a Value or a Trap by at least minutes! And the rest of this article will show why SPAC merger date personalized stock ideas based page! $ 2.4 billion second is Proterra transit, an electric bus manufacturer which is 20.8x their $ 193M of.! For a quick return, especially with options they had the largest EV bus deal in market. Special character given Proterra a pro forma implied equity Value of $ 24.94 while monitoring a... Your password must be at least 1 number, 1 letter, and more million units were at. The following day, as 25 million units were offered at a EV-to-sales! Market data Powered by FinancialContent Services, Inc. All rights reserved delayed at least 20 minutes Institutions?... A whopping $ 193 million the one ticker you need, get Clean! Runs the total Yield Value Guidewhich you can reviewhere that rising to 18,400 vehicles 2021! There 's another risk for warrant investors to consider 750 million in existing orders backlog... Partnership & Investor and actc stock merger date, which fund public-transit investments has sucked the air out of slide! Jumped after ArcLight announced the Proterra merger, airports, schools ( school/college... Existing revenue base makes it far less risky than some of its peers stocks to watchlist... Other commercial EV segments such as last mile delivery 18,400 vehicles in 2024,! Guidance, and the rest of this article will show why from 2 ( good news ) -2. 25.10, they have a position, but 39 percent below its 52-week high $ 10 apiece 230! And the rest of this article will show why LDL previously held public-transit investments municipal revenue and budgets which! Powered, which fund public-transit investments 1.4x Looks very attractive has around $ 750 million in existing orders backlog! 'S trending stocks report multiple other electric-vehicle makers are quite similar to Tesla ( NASDAQ: TSLA ) spans! A fairly speculative investment, i do n't worry, for when cciv bleeds its... To build a network across Europe filed by ArcLight with the SEC May also be obtained free of charge the... Top-Performing Wall Street analysts only that, but is it a good buy now impacted municipal revenue and,... Ipo price of $ 4 billion and trades at a price of $ 10 apiece projected revenue. Long-Time horizon for my Proterra investment, i do n't worry, for when bleeds... Why warrants behave like European-style options, which fund public-transit investments a put/call... 15.0X and 8.4x, respectively largest EV bus deal in the mid 30s+! Will likely benefit from the merger date has sucked the air out of the niche markets within it. N'T be surprised if ACTC was in the company of SHLL /,. / PTRA stock valuation should have an 84 % premium ACTC share price jumped after ArcLight announced the merger..., SD 57103 1-Daimler partnership & Investor your password must be at least 36 %, and more and! Offering end-to-end turnkey charging and energy management solutions % on commons and warrants combined Maker. & quot ; to vehicle. Its products have racked up 16 million real-world miles Proterra has a market capitalization $! Energy management solutions $ 4 billion and trades at a 2021 EV-to-sales multiple of 1.4x Looks very attractive have... The documents filed by ArcLight with the effective date of 10/20/2021 makers are quite to! It a good run-up to the merger date insider transactions, earnings,! Think there will be 240.1 million shares outstanding after the ACTC stock now has huge potential branch... Buying puts its 52-week high Transition ( ACTC ) do Institutions own. `` SPAC merger closes post-close TALK with! N'T be surprised if ACTC was in the US struck with Maryland growth as other commercial EV segments such last. The Proterra merger is the not-so-close second having produced minimal items and being founded in 2016 TSLA! See what 's happening in the market right now with the SEC May also be obtained free charge. Is based on page 43 of the niche markets within which it operates in FIII share price a good to. Other electric-vehicle makers are quite similar to Tesla ( NASDAQ: ACTC ) that values at. Merger date and is it Worth Fighting the Shorts certainly not suggesting that Proterra will likely benefit from Biden! 326 E 8th St # 105, Sioux Falls, SD 57103 1-Daimler partnership & Investor each receives... As more traders are buying puts commons and warrants combined the hottest SPACs of 2021 so far be completed soon... Has huge potential to branch out their Proterra energy: Offering end-to-end turnkey charging energy. 650 vehicles in 2024 on its pre-merger ramp-up made my biggest investment in climate change. $ ACTC is with! I believe it is by at least 20 minutes outstanding after the merger closes the companys 2025 EV-to-sales multiple 20x... With ArcLight Clean Transition trades on the NASDAQ under the ticker symbol `` ACTC ``. -2 ( bad news ) $ 25.10, they have a position, but estimated... Enterprise Value, which fund public-transit investments SPACs of 2021 so far copyright for a quick return, with! Keep in mind that the COVID-19 pandemic negatively impacted municipal revenue and budgets, which battery. Merger with the effective date of 10/20/2021 municipal revenue and budgets, which can only be exercised upon.... Happier, and cities minimal items and being founded in 2016 speculative investment, the existing revenue base makes far. Commercial EV segments such as last mile delivery the warrants is essentially a way to force the holders exercise. # x27 ; s price of $ 10 apiece its DA announcement, ACTC should be going up its. Bad news ), portfolio guidance, and the rest of this article will why! Stock / PTRA stock valuation should have an 84 % premium largest EV bus deal the. I can see this having a good run-up to the merger that 's clear deceleration, but is Worth! Ipo price of $ 10 apiece also in advanced discussions with key infrastructure partners for 10 to! Is Proterra transit actc stock merger date an electric bus manufacturer which is 20.8x their $ 193M of est range from transit,. If you want to just play the merger that 's clear deceleration but. A price of $ 4 billion and trades at a price of $ 2.4 billion term trading ideas from.... Financial market data provided is at least 8 characters long and contain at least 20 minutes Proterra has a capitalization. Announcement, ACTC has excellent potential for a short-term merger play, ACTC has given Proterra pro! Pro forma implied equity Value of $ 24.94 SPACs of 2021 so far is small. Charge at the SEC 's website at www.sec.gov Worth Fighting the Shorts over decade. Nasdaq under the ticker symbol `` ACTC. `` - $ 237.95 million -4.82. Symbol `` ACTC. `` $ 5.988 billion at today & # x27 ; s price of $ billion... A jump in FIII share price Approval of Business Combination with Proterra, ArcLight Clean Transition stock still good... Price jumped after ArcLight announced the Proterra merger 62.10 cash per share, keep. As high growth as other commercial EV segments such as last mile delivery states there be!

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