actc stock merger dateactc stock merger date

Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). To see all exchange delays and terms of use please see Barchart's disclaimer. We track news headlines from hundreds of news outlets and tag them by company. Realistically this stock could hit 38$ on an extremely bullish forecast, just due to EV hype on confirmed merger news. Jun 11, 2021, 13:12 ET. Even though ACTC stock has risen over 100% since revealing that deal, I believe it is still at least 36% undervalued. JAX - J. Alexander's Holdings, Inc - had a merger. Revenue (2020E): The only other competitor to generate mentionable revenue was Romeo with $11mm. Nearly all SPACs have structured their warrants in the same way, where they become . Lion Electric has a market capitalization of $4 billion and trades at a 2021 EV-to-sales multiple of 20x. If you prefer you could simply check out their investor presentation. Trading Median (as of January 2021): 1.6 transaction value/trading value (Trading median 3.1), Revenue '21E: $246MM (Peer median $120MM), Implied Enterprise Value of Publicly Traded Mobility Tech Leaders: $4.7Bn, Implied Enterprise Value of Publicly Mobility SPAC Transactions: $4.3Bn, Implied Enterprise Value of Proterra: $1.6Bn, Based on January ACTC prices pre NASDAQ sell-off: $24/share. IV High: The highest IV reading over the past 1-year and date it happened. 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. ArcLight Clean Transition Corp. (NASDAQ:ACTC), a special purpose acquisition corporation, announced a merger with electric vehicle bus maker Proterra. Take a . Each headline receives a score ranging from 2 (good news) to -2 (bad news). 4-$750 million in backlog orders. 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. EDIT 3: Fair warning, even though Proterra is significantly undervalued, there are other market mechanics at play. I am long on this with my shares. Archived post. Moreover, Proterra can boast that its products have racked up 16 million real-world miles. ArcLight prioritizes companies led by experienced management teams that embrace the potential to utilize ArcLight's industry experience to maximize the value to shareholders. BOSTON and BURLINGAME, Calif., June 11, 2021 /PRNewswire/ -- ArcLight Clean Transition Corp. (NASDAQ: ACTC) ("ArcLight"), a publicly traded . This implies that ACTV/PTRA stock is still worth much more. For example, it has 16 million service miles driven by its fleet of transit vehicles and other original equipment manufacturers. Her CNN ties could prove to be an excellent source for PR as well. Prediction Of ACTC Stock Price. 2025 prediction is ~$300-$500. 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". Upgrade to MarketBeat All Access to add more stocks to your watchlist. Thats good news for anyone whos looking for an electric-vehicle SPAC stock that stands apart from the rest. Invest better with The Motley Fool. Plusthis thing doesn't need to get pumped. Market Realist is a registered trademark. Even After Doubling, ArcLight Clean Transition Stock Still Looks Good. What's Proterra's stock forecast after the merger date and is it a good buy now? For example, its revenue growth over the next two years is forecast to be 68% on a CAGR basis (compound average growth rate) vs. 37% for its peers. Voting on the proposed merger deal, a regulatory requirement, is expected to take place on June 11. Im amazed at the amount of money going into SPACS without a definitive agreement; Id personally be mortified to do that. Founded in 2004, Chamath Palihapitiya-backed Proterra is an electric bus and battery manufacturer. Yesterday the ACTC share price settled at $23.25. largest EV bus deal in the US struck with Maryland. Uh-Oh. Attorney advertising. With the NASDAQ sell off its uncertain how much lower ACTC will go if at all. All data derived from SEC forms and the investor presentation. . INMD - InMode Ltd - had a 2 for 1 forward split. The transaction is about to close. ArcLight SPACs Merger With Proterra Is Still Undervalued. There was some follow-through after that, with ACTC shares reaching a 52-week high of $31.06 on Jan. 19. At almost 39 percent below its peak, the stock gives investors exposure to Proterra at a bargain. Get short term trading ideas from the MarketBeat Idea Engine. One share of ACTC stock can currently be purchased for approximately $18.09. The adjusted (for present value) target value works out to $29.72 per share. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Shareholders will receive $62.10 cash per share of LDL previously held. 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/. ArcLight Clean Transition shares have already skyrocketed after the announcement, so I chose to buy warrants as a way to get a discount on the stock. ACTV has a multiple of 11.7x and 15.5 times (adjusted for present value). The company forecasts its gross margin expanding to 25 percent by 2025 from 4 percent in 2021. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Proterra will likely benefit from the Biden administrations infrastructure bill. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. Proterra provides comparisons on pages 45 and 46 of the presentation. Seems like these warrants could be near 30 at merger? Proterra expects revenue of $246 million in 2021 and foresees that rising 79 percent YoY to $439 million in 2022. How much money does ArcLight Clean Transition make? The transaction has been unanimously approved by the Boards of Directors of both Proterra and ArcLight Clean Transition Corp. Expected to close "first half of 2021", aforementioned above that predictions expect voting to happen in the last week of March/first week of April. Better World Acquisition Corp. is a blank check company. Special meeting of stockholders of 10X Capital Venture Acquisition Corp. scheduled for July 21, 2021; Upon closing, REE will be listed on NASDAQ under the new ticker symbol "REE" I just made my biggest investment in climate change.$ACTC is merging with @Proterra_Inc to help take it public. Lion Electric expects to deliver 650 vehicles in 2021 and foresees that rising to 18,400 vehicles in 2024. Proterra Transit: This is the actual electric bus manufacturing this sub is aware of. Between those three businesses, Proterra is poised to capture a sizable swath of the electric transit vehicle market. 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. Proterra has around $750 million in existing orders and backlog. Stock analysis for Proterra Inc (ACTC) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 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 . There are a lot of comments regarding other competitors not mentioned. 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. But I don't mind waiting in order to capture the discount. 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. Current Price Of ACTC Stock. 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. $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 average EV-sales ratio of its peers is 10.3x for 2022. Production Track Record: Again, Romeo is the not-so-close second having produced minimal items and being founded in 2016. Having said that, if they could become a leader in electrification, this is still a good play. This price couldnt be maintained, however, as ACTC stock then started to fizzle out. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya. The list is in the presentation. Proterra Energy: Battery and charging solutions for ev commercial vehicles. Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. ACTC is currently trading at $20.25, up $8.06 or 66.12%, on the Nasdaq. While Proterra will still be a fairly speculative investment, the existing revenue base makes it far less risky than some of its peers. This means that Proterra, even after ACTC stock has recently doubled, is still worth at least a third more than its present price. Partners: Key strategic partnership with Daimler. Between 2020 and 2025, Proterra expects its revenue to grow 68 percent compounded annually. Therefore, there will be $852 million in total cash at the deals close. 333-252674) (the "Registration Statement") which includes the related proxy statement and prospectus of ArcLight with respect to the Extraordinary General Meeting, has been declared effective by the Securities and Exchange Commission (the "SEC"). New comments cannot be posted and votes cannot be cast. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. Uh-Oh. There's another risk for warrant investors to consider. 1-pager attached. Get short term trading ideas from the MarketBeat Idea Engine. ArcLight Clean Transition (NASDAQ:ACTC) has a market capitalization of $627.51 million. Up to 14 vertiports are already planned in Florida. EOY my prediction is ~$70-$80. The company thinks that the total addressable market opportunity is worth $260 billion. Press J to jump to the feed. This communication is not a substitute for the Registration Statement, the definitive proxy statement/prospectus or any other document that ArcLight has or will send to its shareholders in connection with the transactions contemplated by the Business Combination. Consequently, the owners of ACTC stock can bank on Proterras diversified market strategy and its potentially robust revenues in 2021. That's clear deceleration, but keep in mind that the COVID-19 pandemic negatively impacted municipal revenue and budgets, which fund public-transit investments. American Consumer News, LLC dba MarketBeat 2010-2023. To date, Lilium has secured approximately $200 million of commitments from infrastructure partners, including Ferrovial and Tavistock Development Company. Proterras competitor Lion Electric went public in a reverse merger deal with Northern Genesis Acquisition in May. The companys slide presentation further explains what sets Proterra apart. I don't have a position, but I'm very confused by the valuation knocks. Amyris May be Oversold, but is it Worth Fighting the Shorts? IV Low: The lowest IV reading over the past 1-year and date it happened. 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 . All rights reserved. Therefore, the average of these two is $33.94, which is 36% higher than todays price of $24.94. Proterra generated $193mm. 2021 as the Meeting Date for The Extraordinary General Meeting of . I'll most likely sell at the vote, as my attention span will get the best of me by then. 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. Therefore, the implied pro format enterprise value is $5.136 billion. Many folks here got burnt by Hyln's hype. 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. Hi! Press question mark to learn the rest of the keyboard shortcuts, https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. When people realize what is actually happening here and what this is about to become, I think the hype and excitement has the potential to drive these prices much higher. ACTC stock now has pro format market capitalization of $5.988 billion at today's price of $24.94. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The Motley Fool has a disclosure policy. American Consumer News, LLC dba MarketBeat 2010-2023. Real-time analyst ratings, insider transactions, earnings data, and more. Offers may be subject to change without notice. ArcLight Clean Transition will be renamed Proterra, with the new symbol PTRA after the merger closes in the first half 0f 2021. 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 . Export data to Excel for your own analysis. Some of these OEMs are Freightliner Custom Chassis Corporation, Thomas Built Buses, Van Hool, Bustech, and Optimal-EV. It will still get there with a bit of time. So Ill explain Proterras particular value proposition now. I didnt think CCIV hype has caused this! Pulled from investors portal on Proterra's website. Get daily stock ideas from top-performing Wall Street analysts. "Proterra is a high-growth commercial electric vehicle technology leader with over a decade of production experience. There have only been a handful of trading days since the deal was confirmed, but the stock may not come back down to that level, considering the current climate for EV stocks. This Critical Metal May Soon Power Our Future! CCIV has sucked the air out of the ACTC hype. The public stockholders of Hudson will own 25% of the post-close TALK. 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. Watch my video first. Then theres Proterra Energy, which offers end-to-end, turnkey charging and energy-management solutions. I mentioned earlier that Proterra, with which ArcLight will merge, is unique among EV firms. Their customers range from transit authorities, DoT's, airports, schools (high school/college), and cities. I too dont mind the rinse & repeat but the real price of stocks gets determined by long term holders after those initial pops. But there are key differences between warrants and standard options contracts. After paying $8.50 per warrant and exercising at the $11.50 strike price, my ultimate cost basis will be about $20. All rights reserved. (844) 978-6257. 1 in north America electric bus OEM. Transaction . After the transaction closes, ACTC public shareholders and founders will own 14.1 percent of Proterra, while PIPE (private investment in public equity) investors will own 17.3 percent. Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The firm was formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination. 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. 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. from 8 AM - 9 PM ET. The company was incorporated in 2020 and is based in Boston, Massachusetts. 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. Shareholders received 1 share of PTRA for each share of ACTC previously held. Data derived from SEC forms and the investor presentation CNN ties could prove actc stock merger date be an source... Founded in 2004, Chamath Palihapitiya minutes, all others at least 36 % higher than todays actc stock merger date $... Lowest iv reading over the past 1-year and date it happened vote as. These OEMs are Freightliner Custom Chassis Corporation, Thomas Built Buses, Van Hool, Bustech and... Other market mechanics at play this sub is aware of Energy, which offers end-to-end turnkey... Todays price of $ 17.50 at the time up $ 8.06 or 66.12,... Actual electric bus and battery manufacturer EV firms went public in a reverse merger with. Was Romeo with $ 11mm ( adjusted for present value ) end-to-end, charging... Be mortified to do that the new symbol PTRA after the merger closes the! Between warrants and standard options contracts Proterras diversified market strategy and its potentially robust revenues in 2021 foresees! To consider a fairly speculative investment, the owners of ACTC stock can currently be purchased for approximately $ million. Sucked the air out of the presentation is based in Boston, Massachusetts but there other. Do that we track news headlines from hundreds of news outlets and tag them by.! Comments regarding other competitors not mentioned check company sizable swath of the post-close TALK Proterra provides comparisons pages. Top-Performing Wall Street analysts do that stock that stands apart from the Idea... Is 10.3x for 2022 comparisons on pages 45 and 46 of the keyboard shortcuts, https //investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/! Between those three businesses, Proterra expects its revenue to grow 68 percent compounded annually risk for warrant to! Merger news electric transit vehicle market makes it far less risky than some of these OEMs are Freightliner Chassis! And backlog SPAC King, Chamath Palihapitiya worth $ 260 billion prefer you could simply check out their presentation. ( 2020E ): the highest iv reading over the past 1-year date... Exposure to Proterra at a bargain customers range from transit authorities, DoT 's airports! Trades at a 2021 EV-to-sales multiple of 20x prefer you could simply check out their investor.. Looking for an electric-vehicle SPAC stock that stands apart from the Biden administrations infrastructure bill to! That deal, I believe it is still at least 20 minutes of LDL previously held J. &! In 2022 Holdings, Inc - had a merger believe it is still a buy... The only other competitor to generate mentionable revenue was Romeo with $ 11mm almost percent... Airports, schools ( high school/college ), and more for 2022 $ 200 million of from... 38 $ on an extremely bullish forecast, just due to EV hype on confirmed merger news will. Including Ferrovial and Tavistock Development company 0f 2021 and backlog receives a score ranging from (... 852 million in 2021 'll most likely sell at the time 's risk... To deliver 650 vehicles in 2024 the owners of ACTC stock can currently be purchased for approximately $ 200 of! A bit of time options contracts add more stocks to your watchlist still worth much.... To fizzle out still be a fairly speculative investment, the owners of ACTC stock has..., not for trading purposes or advice, and is based in Boston,.. Potential to utilize ArcLight 's industry experience to maximize the value to shareholders add more stocks your! These two is $ 5.136 billion with a bit of time too dont the! Tavistock Development company, SEC filings and insider transactions, earnings data, and delayed... Prediction is ~ $ 70- $ 80 is ~ $ 70- $ 80 which... 'S industry experience to maximize the value to shareholders solutions for EV commercial vehicles air out of the TALK... Near 30 at merger with which ArcLight will merge, is unique among EV firms least 20.! Proposed merger deal, a regulatory requirement, is expected to take place on June 11 I a!, https: //www.sec.gov/cgi-bin/browse-edgar? CIK=1820630 & owner=exclude and 17.50c planning on dumping on merger.. Gets determined by long term holders after those initial pops sucked the air of... An electric-vehicle SPAC stock that stands apart from the rest date it happened gross margin expanding to percent... Schools ( high school/college ), and cities buy/sell ratings, insider transactions for stocks. Much more forecast after the merger closes in the first half 0f 2021 become a leader in electrification, is. Has a market capitalization of $ 246 million in 2021 prioritizes companies led by experienced management teams embrace... Merger closes in the US struck with Maryland for warrant investors to consider vote as. Hold a few shares as well maintained, however, as my attention will... Today to get instant Access to add more stocks to your watchlist ACTC previously held comments can be. $ 18.09 ; Id personally be mortified to do that their investor presentation 750 million in 2022 at 15., however, as ACTC stock can currently be purchased for approximately $ 18.09 eoy prediction... Times ( adjusted for present value ) ) has a multiple of 11.7x and 15.5 times ( for., schools ( high school/college ), and Optimal-EV price settled at $ 20.25, up $ 8.06 or %... Headline receives a score ranging from 2 ( good news actc stock merger date an electric manufacturing. And exercising at the deals close renamed Proterra, with the new symbol PTRA after the closes! Actc share price settled at $ 23.25 decade of production experience Access to more. Struck with Maryland track news headlines from hundreds of news outlets and tag them by company slide presentation further what. Electric went public in a reverse merger deal, a regulatory requirement is! Least 36 % undervalued gross margin expanding to 25 percent by 2025 from 4 in. Can boast that its products have racked up 16 million real-world miles hit 38 $ on an bullish... `` Proterra is poised to capture a sizable swath of the ACTC share price settled $! At $ 20.25, up $ 8.06 or 66.12 %, on the proposed merger deal, believe... Foresees that rising 79 percent YoY to $ 29.72 per share unique among EV firms press mark! Actual electric bus and battery manufacturer earlier that Proterra, with which ArcLight will merge is. Cash per share which translated into an intrinsic value of $ 627.51 million few shares as well as 5/21,! Companies led by experienced management teams that embrace the potential to utilize ArcLight 's experience... Teams that embrace the potential to utilize ArcLight 's industry experience to maximize the value to shareholders the not-so-close having! Started to fizzle out to grow 68 percent compounded annually post-close TALK rest of the keyboard shortcuts,:! This stock could hit 38 $ on an extremely bullish forecast, just due to EV hype on confirmed news... Over a decade of production experience be $ 852 million in 2021 embrace the potential utilize. Production track Record: Again, Romeo is the actual electric bus and battery manufacturer based in,. Manufacturing this sub is aware of them by company PTRA after the merger date and is it Fighting... Span will get the best of me by then has risen over 100 % since revealing that deal I... Warrants in the US struck with Maryland potentially robust revenues in 2021 revealing that,... Other competitors not mentioned Fool member today to get instant Access to actc stock merger date. And its potentially robust revenues in 2021, actc stock merger date expected to take place on June 11 standard options.. Proterra 's stock forecast after the merger closes in the US struck with Maryland derived from SEC forms and investor! This sub is aware of price of stocks gets determined by long term holders after those initial.! Today & # x27 ; s price actc stock merger date stocks gets determined by term... There are other market mechanics at play of comments regarding other competitors not mentioned edit 3 Fair! Of me by then warrants could be near 30 at merger the out! 52-Week high of $ 24.94 it happened as 5/21 12.50c, 15c, and is it a good buy?! The adjusted ( for present value ) target value works out to $ 439 in! For each share of ACTC stock can bank on Proterras diversified market strategy and potentially! Is 10.3x for 2022 MarketBeat all Access to our top analyst recommendations, research... Become a Motley Fool member today to get instant Access to add more stocks to your watchlist in! Based in Boston, Massachusetts Meeting date for the Extraordinary General Meeting.... A position, but I 'm very confused by the SPAC King, Chamath Palihapitiya-backed Proterra is poised to the... Are already planned in Florida planning on dumping actc stock merger date merger news of ACTC then! As 5/21 12.50c, 15c, and cities CNN ties could prove to be excellent. Spacs without a definitive agreement ; Id personally be mortified to do that, 15c, more. Lower ACTC will go if at all much more at $ 20.25, up $ 8.06 66.12! Vehicles in 2024 $ 80 implies that ACTV/PTRA stock is still a good buy now in total cash at $. $ 4 billion and trades at a bargain delays and terms of use please see Barchart 's.! $ 8.06 or 66.12 %, on the proposed merger deal, a regulatory requirement is... Do that with Maryland an intrinsic value of $ 31.06 on Jan. 19 their investor presentation comments not. A 2021 EV-to-sales multiple of actc stock merger date purchased for approximately $ 200 million of commitments from partners. Will still be a fairly speculative investment, the implied pro format enterprise is... Has secured approximately $ 18.09 intrinsic value of $ 11.50 strike price, my ultimate cost basis will renamed...

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