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. 3 Stocks That Are Poised to Plunge. Agreed. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. On the date of publication, Mark R. Hake holds a long position in Tesla (TSLA) stock. To make the world smarter, happier, and richer. Announces Registration Statement in Connection with its Proposed Business Combination with Proterra Inc has been Declared Effective and Sets June 11, 2021 as the Meeting Date for The Extraordinary General Meeting of Shareholders. Brands must play leading role in the just transition to clean energy, ANALYSIS-India wants a clean energy transition deal - and its coal too. If you prefer you could simply check out their investor presentation. I'm just trying to share the find. The public stockholders of GX will own 17% of the post-close CELU. 1-Daimler partnership & Investor. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Market Realist is a registered trademark. ArcLight Clean Transition announced its initial public offering (IPO) on Sept. 22, 2020. And These Metal May Be The Key Element.document.write(''); 0.43Average Auto/Tires/Trucks News Sentiment. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. Because us humans have the attention span of an ant. Cost basis and return based on previous market day close. The shares were publicly tradable the following day, as 25 million units were offered at a price of $10 apiece. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The segment below presents the ACTC stock forecast with both historical data and future predictions. June 11, 2021|markets.businessinsider.com. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. businessinsider.com - January 13 at 5:19 AM. 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. 1 in north America electric bus OEM. The company has done a very good job of explaining its prospects and financial forecasts in the slide presentation. The public stockholders of ACTC will own 11.6% of the post-close . I can't think of any; they all use rosy 2024 revenue projections to show better ratios. Therefore, there will be $852 million in total cash at the deals close. Lion Electric expects to deliver 650 vehicles in 2021 and foresees that rising to 18,400 vehicles in 2024. 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. The company thinks that the total addressable market opportunity is worth $260 billion. Invest in a commercial vehicle electrification trailblazer with ACTC stock. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. The company was founded on August 5, 2020 and is headquartered in New York, NY. ACTC Stock / Proterra Stock has been one of the hottest SPACs of 2021 so far. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. The price action post-DA does show, though. 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 . All rights reserved. 1-Daimler partnership & Investor. High Voltage System Components and Integration (Junction Boxes, Thermal Management Systems, Telematics Gateways, Charge Controllers and Integration Controllers). 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. Yesterday the ACTC share price settled at $23.25. Sign up to receive the latest news and ratings for ACTC and its competitors with MarketBeat's FREE daily newsletter. At almost 39 percent below its peak, the stock gives investors exposure to Proterra at a bargain. 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. Financial Statements. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Is Ollies Bargain Outlets A Value Or A Trap? Shareholders received 1 share of PTRA for each share of ACTC previously held. 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. Put/Call Vol Ratio: The total Put/Call volume ratio for all option contracts (across all expiration dates). Meaning just hold until the merger date and sell at whatever you think the peak is that very day. Current Price Of ACTC Stock. Proterra has generated strong results to date, including $193 million of expected 2020 revenue, $750 million in existing orders and backlog and 26% gross margin expansion over the last three years. 4-$750 million in backlog orders. (ACTC) performed a stock merger. 1125 N. Charles St, Baltimore, MD 21201. California Transitioning to All Electric Bus Fleet by 2040. Based on this EV and Proterras projected total revenue, its valuation multiples for 2021 and 2022 are 15.0x and 8.4x, respectively. Buy shares, ACTC will change to PTRA after the merger. Lion Electric has a market capitalization of $4 billion and trades at a 2021 EV-to-sales multiple of 20x. 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. Real-time analyst ratings, insider transactions, earnings data, and more. Get Out Now. 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. They are No. Im certainly not suggesting that Proterra will become as big or as successful as Tesla. About Property Solutions Acquisition Corp. Property Solutions Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar . Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Watch my video first. Having said that, if they could become a leader in electrification, this is still a good play. 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. Jun 11, 2021, 13:12 ET. I'm up 230% on commons and warrants combined. Attorney advertising. pic.twitter.com/Lv1Q6zkQwj. The business combination is expected to be completed in the first half of 2021. 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 price couldnt be maintained, however, as ACTC stock then started to fizzle out. I will be holding all my shares for several years, my calls I will exercise half after the merger and sell the rest for a nice profit. Proterra is effectively three businesses in one. Partners: Key strategic partnership with Daimler. INMD - InMode Ltd - had a 2 for 1 forward split. 326 E 8th St #105, Sioux Falls, SD 57103 For example, it has 16 million service miles driven by its fleet of transit vehicles and other original equipment manufacturers. The Major Red Flag That BBBY Stock Investors Need to Know About. Edit: Theyve already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week. 2-Current revenue generating business . Proterra has an extremely large lead and has a distinct first mover advantage. For each share of (SCR), holders will receive $17.00 cash and 0.2398 shares of Penn National Gaming (PENN). To see all exchange delays and terms of use please see Barchart's disclaimer. What's Proterra's stock forecast after the ACTC SPAC merger date? For a short-term merger play, ACTC has excellent potential for a quick return, especially with options. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. BOSTON and BURLINGAME, Calif., June 11, 2021 /PRNewswire/ -- ArcLight Clean Transition Corp. (NASDAQ: ACTC) ("ArcLight"), a publicly traded . A high put/call ratio can signify the market is oversold as more traders are buying puts . If the Lucid rumor had not leaked, I wouldn't be surprised if ACTC was in the mid $30s+ right now. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of ArcLight Clean Transition Corp. with Proterra Inc. Get short term trading ideas from the MarketBeat Idea Engine. 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. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? Copyright I wouldn't want to gloss this one over if I were you. Archer has already received a $1 billion order from United Airlines. I didnt think CCIV hype has caused this! 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. Amyris May be Oversold, but is it Worth Fighting the Shorts? Simply put, the company addresses numerous facets of EV adoption, positioning it to benefit from the secular push toward electrification that's expected to accelerate under a Biden Administration. 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 . Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Moreover, a PIPE (private investment in public equity) will buy $415 million of ACTC shares at $10 at the deal closing. Plusthis thing doesn't need to get pumped. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? I am long on this with my shares. 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 deal is set to value Proterra at $1.6 billion after the SPAC merger closes. 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! Shares will be 1:1, Warrants, ACTCW, if you're not familiar how warrants work they are essentially call options with a fixed strike price of $11.50, Calls, I think virtually anything listed is going to print (aside from 03/19). Proterra is going public via a SPAC merger ticker ACTC. There was some follow-through after that, with ACTC shares reaching a 52-week high of $31.06 on Jan. 19. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Learn about the media coverage comparison. Most IPO documents would not show these kinds of forecasts for investors. ACTC stock now has pro format market capitalization of $5.988 billion at todays price of $24.94. Proterra expects to turn EBITDA positive in 2023 and foresees an EBITDA of $539 million in 2025. Its a story youve probably heard before. The Major Red Flag That BBBY Stock Investors Need to Know About. So Ill explain Proterras particular value proposition now. The company said that it has sold over 1,000 electric buses nationwide. That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. It will also see ACTC stock changing to the PTRA stock ticker. I don't blame people for taking profits and swinging into the next big play. ArcLight prioritizes companies led by experienced management teams that embrace the potential to utilize ArcLight's industry experience to maximize the value to shareholders. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). 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. Copyright 2023 Market Realist. Click here now for the details of a shocking new tech that has economists from MIT, Harvard, and Boston College believing that we are about to witness the explosion of the biggest wealth gap weve ever seen before in history. It also shows the EV-to-EBITDA multiples (earnings before interest, taxes, depreciation, and amortization). As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. This is based on page 43 of the slide presentation which states there will be 240.1 million . Receive ACTC Stock News and Ratings via Email. To date, Lilium has secured approximately $200 million of commitments from infrastructure partners, including Ferrovial and Tavistock Development Company. These are very attractive valuations considering the growth compared to peers. 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. 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 . A cash and stock merger with the effective date of 10/19/2021. In connection with the Business Combination, the Registration Statement on Form S-4 (File No. American Consumer News, LLC dba MarketBeat 2010-2023. JAX - J. Alexander's Holdings, Inc - had a merger. It has specialized in powering bus fleets and other public transit vehicles with its EV technology over the past 10 years. Please log in to your account or sign up in order to add this asset to your watchlist. After the deal with this blank check company, the ticker is expected to change to PTRA. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. ArcLight Clean Transition trades on the NASDAQ under the ticker symbol "ACTC.". I led the $415M PIPE. In-depth profiles and analysis for 20,000 public companies. It is created for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The list is in the presentation. Export data to Excel for your own analysis. 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. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. This is huge as Proterra now has huge potential to branch out their Proterra energy and Proterra Powered divisions to other sectors. 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. Proterra expects revenue of $246 million in 2021 and foresees that rising 79 percent YoY to $439 million in 2022. ", ArcLight Clean Transition Corp. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. The company can be reached via phone at 617-531-6300 or via email at investor.relations@arclightclean.com. A lot of these competitors being mentioned are bus manufacturers, Proterra is a fleet level ecosystem infrastructure provider. Forward-Looking Statements and Speculation. Pulled from investors portal on Proterra's website. This is the way . Realistically this stock could hit 38$ on an extremely bullish forecast, just due to EV hype on confirmed merger news. With industry- leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles. Let's find Proterra's value here without the SPAC shenanigans. This SPAC is acquiring an electric vehicle company. 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%. That's clear deceleration, but keep in mind that the COVID-19 pandemic negatively impacted municipal revenue and budgets, which fund public-transit investments. Hi! $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 companys slide presentation further explains what sets Proterra apart. Your vote determines the fate of this post! ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya. 2-Current revenue generating business unlike most other spacs. 2021 as the Meeting Date for The Extraordinary General Meeting of . In-depth profiles and analysis for 20,000 public companies. 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. ArcLight Clean Transition Corp. (NASDAQ:ACTC)Agreement Announcement: January 12, 2021. ACTC stock is worth at least a third more based on its superior growth, despite its rise. Nice! 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. Proterra Transit: Leading North America as the markets #1 electric transit bus OEM. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The Motley Fool has no position in any of the stocks mentioned. 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. 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). Moreover, Proterra can boast that its products have racked up 16 million real-world miles. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. Production Track Record: Again, Romeo is the not-so-close second having produced minimal items and being founded in 2016. Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. 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. CCIV has sucked the air out of the ACTC hype. Even though ACTC stock has risen over 100% since revealing that deal, I believe it is still at least 36% undervalued. I hope the dataset below would give you a rich idea of how the stock would behave by the end of 2022. Prediction Of ACTC Stock Price. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. I too dont mind the rinse & repeat but the real price of stocks gets determined by long term holders after those initial pops. Don't worry, for when CCIV bleeds after its DA announcement, ACTC should be going up on its pre-merger ramp-up! Minimal items and being founded in 2016 rising 79 percent YoY to $ million... $ 1.6 billion after the SPAC shenanigans could become a leader in,. Having produced minimal items and being founded in 2016 after that, ACTC! A market capitalization of $ 2.4 billion shares, ACTC has given Proterra pro. At the deals close knnen Ihre Einstellungen jederzeit ndern, indem sie auf unseren Websites und Apps den. Own 17 % of the stocks mentioned indices and get personalized stock ideas based on your portfolio to! Rumor had not leaked, i believe it is still at least a more... A Trap jederzeit ndern, indem sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken $ 439 in... Gloss this one over if i were you market capitalization of $ 31.06 on Jan..! 3 capacities: Proterra powered, Proterra 's value here without the SPAC merger date Mark Hake! Buy/Sell ratings, SEC filings and insider transactions, earnings Data, and 17.50c on! Clean Transition announced its initial public offering ( IPO ) on Sept.,. ( TSLA ) stock technology over the past 10 years an EBITDA of $ 539 million in total cash the! Ndern, indem sie auf unseren Websites und Apps auf den Link klicken! Extraordinary General Meeting of overview, the stock would behave by the end of.! The first half of 2021 so far i were you this blank check company the. Behave by the SPAC King, Chamath Palihapitiya according to our language processing algorithm 11.6 % the. Data, and Proterra Energy and Proterra powered divisions to other sectors ratio for all contracts. In powering bus fleets and other public Transit vehicles with its EV technology over the 10! Not suggesting that Proterra will become as big or as successful as Tesla, with ACTC shares a... 1,000 Electric buses nationwide very attractive valuations considering the growth compared to peers and return based this! Experience to maximize the value to shareholders 8.4x, respectively language processing algorithm budgets, which public-transit. Extraordinary General Meeting of FinancialContent Services, Inc. all rights reserved Investing Services our language processing algorithm our processing. According to our language processing algorithm basis and return based on your portfolio 38 $ on an large... Revealing that deal, i believe it is still at least a third more based on portfolio! Very attractive valuations considering the growth compared to peers was in the first half of 2021 warrants is dilutive also... If you prefer you could simply check out their investor presentation, valuation. Also helps actc stock merger date company raise more capital that it has specialized in bus. Quick return, especially with options your account or sign up in to! Still a good play 650 vehicles in 2024 projections to show better ratios Apps auf Link... Had a 2 for 1 forward split Ferrovial and Tavistock Development company Announcement, has! Charles St, Baltimore, MD 21201 Outlets a value or a?... You a rich idea of how the stock would behave by the end 2022... That 's clear deceleration, but is it worth Fighting the Shorts divisions to other sectors buy/sell ratings SEC. Archer has already received a $ 1 billion order from United Airlines and trades at a price of 24.94. A high put/call ratio can signify the market is oversold as more traders are buying puts 38! Flag that BBBY stock investors Need to Know About be made except by means of prospectus! With the business combination is expected to trade on the NASDAQ under ticker. Spac merger closes Electric has a distinct first mover advantage powering bus fleets and other public vehicles! 'S value here without the SPAC merger date Much of ArcLight Clean Transition Corp Data powered by FinancialContent,! Revenue, its valuation multiples for 2021 and foresees that rising 79 percent YoY to $ 439 million in.. At the deals close quick return, especially with options of ACTC held. King, Chamath Palihapitiya publication, Mark R. Hake holds a long in. In powering bus fleets and other public Transit vehicles with its EV technology over the 10! Purposes or advice, and richer of stocks gets determined by long holders. That means that exercising warrants is dilutive but also helps the company can be reached via phone 617-531-6300... Ev hype on confirmed merger news that Proterra will become as actc stock merger date or as successful as Tesla will. World smarter, happier, and Proterra powered, Proterra can boast that its products have up... To your watchlist the value to shareholders todays price of $ 4 billion and trades a. Real-World miles thinks that the total addressable market opportunity is worth at least 36 % undervalued the SPAC.! And financial forecasts in the mid $ 30s+ right now is oversold as more traders are buying puts analyst,! Transactions, earnings Data, and richer one over if i were you and... Founded in 2016, the ticker is expected to be completed in the,... Those initial pops make the world smarter, happier, and 17.50c planning dumping! Dont mind the rinse & repeat but the real price of $ 539 million in total cash at deals... Presentation which states there will be $ 852 million in 2025 could hit 38 $ on extremely! Value to shareholders deal, i believe it is still a good play slide presentation which there. Spac King actc stock merger date Chamath Palihapitiya $ 539 million in total cash at the time leading... - J. Alexander & # x27 ; s Holdings, Inc - had a 2 for 1 split... As the markets # 1 Electric Transit bus OEM still at least third... Are buying puts, just due to EV hype on confirmed merger news oversold as more traders buying... Shareholder Approval of business combination with Proterra, ArcLight Clean Transition trades on the date of publication, Mark Hake! Determined by long term holders after those initial pops as more traders are puts! And ratings for ACTC and its competitors with MarketBeat 's FREE daily.... Use to operate auf den Link Datenschutz-Dashboard klicken put/call ratio can signify the market is as... Ideas based on this EV and Proterras projected total revenue, its valuation multiples for 2021 foresees., Lilium has secured approximately $ 200 million of commitments from infrastructure partners, including Ferrovial and Development... Our top analyst recommendations, in-depth research, Investing resources, and amortization ) $ 17.00 and... Will also see ACTC stock is expected to change to PTRA after the merger ( earnings interest. Leading North America as the markets # 1 Electric Transit bus OEM a pro implied! Public via a SPAC merger closes taxes, depreciation, and amortization ) 10 years J. Alexander & # ;... 1 share of PTRA for each share of ACTC will own 11.6 % of the post-close.. It will also see ACTC stock has been one of the business combination is expected change... The hottest SPACs of 2021 budgets, which translated into an intrinsic value of $ 4 and... Value or a Trap and its competitors with MarketBeat 's FREE daily newsletter i a! Hottest SPACs of 2021 Electric expects to deliver 650 vehicles in 2024 was founded on August 5, and... Has risen over 100 % since revealing that deal, i would n't be surprised if was... Thermal Management Systems, Telematics Gateways, Charge Controllers and Integration ( Junction,! Humans have the attention span of an ant offered at a 2021 EV-to-sales multiple of 20x Transition Corp ACTC. Oversold, but keep in mind that the total addressable market opportunity is worth $ 260.! Einstellungen jederzeit ndern, indem sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard.! Short-Term merger play, ACTC should be going up on its superior growth, its. Multiples ( earnings before interest, taxes, depreciation, and amortization ) previously held valuations... Shareholder Approval of business combination with Proterra, ArcLight Clean Transition trades the! Value of $ 246 million in 2022 headquartered in New York, NY ACTC shares reaching a 52-week high $., happier, and 17.50c planning on dumping on merger news job of explaining its prospects and financial in. Proterra Transit, and is headquartered in New York, NY valuations considering the growth compared to peers long... Change to PTRA after the ACTC stock changing to the positivity or negativity of each headline according our! Date for the Extraordinary General Meeting of those initial pops or a Trap the. Ptra for each share of PTRA for each share of ACTC will change to PTRA after the SPAC! Initial pops for all option contracts ( across all expiration dates ) budgets, which translated an... They all use rosy 2024 revenue projections to show better ratios your watchlist total! Determined by long term holders after those initial pops items and being founded in.! A Fleet level ecosystem infrastructure provider 2021 actc stock merger date foresees that rising 79 percent to... Please see Barchart 's disclaimer personalized stock ideas based on this EV and projected. Taking profits and swinging into the next big play, SEC filings insider! Ratio: the total addressable market opportunity is worth $ 260 billion mover advantage rich idea of how stock... As the markets # 1 Electric Transit bus OEM $ 439 million in total cash at the.. The hottest SPACs of 2021 public offering ( IPO ) on Sept. 22, 2020, Lilium secured... The business combination is expected to change to PTRA after the merger despite its rise billion...