largest EV bus deal in the US struck with Maryland. 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. All data derived from SEC forms and the investor presentation. So Ill explain Proterras particular value proposition now. With a long-time horizon for my Proterra investment, I don't mind waiting to exercise them while monitoring for a redemption announcement. We track news headlines from hundreds of news outlets and tag them by company. Can you identify any SPAC EV plays with a better valuation? Proterra is going public in a SPAC merger with ArcLight Clean Transition (ACTC) that values it at $1.6 billion. EOY my prediction is ~$70-$80. 1125 N. Charles St, Baltimore, MD 21201. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. No not because it's just another EV company, because it's an established, well-connected, constantly growing commercial EV company. ArcLight Clean Transition Corp. does not have significant operations. In connection with the Business Combination, the Registration Statement on Form S-4 (File No. 326 E 8th St #105, Sioux Falls, SD 57103 It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. What we need to do now is compare these multiples to its peers, such as Plug Power (NASDAQ:PLUG), Ballard Power Systems (NASDAQ:BLDP), Workhorse (NASDAQ:WKHS), Tesla (NASDAQ:TSLA), Nio (NYSE:NIO) and a number of foreign companies. 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. Thats good news for anyone whos looking for an electric-vehicle SPAC stock that stands apart from the rest. 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. (ACTC) performed a stock merger. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? Plusthis thing doesn't need to get pumped. 1-pager attached. Don't worry, for when CCIV bleeds after its DA announcement, ACTC should be going up on its pre-merger ramp-up! At almost 39 percent below its peak, the stock gives investors exposure to Proterra at a bargain. 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. Nearly all SPACs have structured their warrants in the same way, where they become exercisable either 30 days after the merger closes or a year after the prospectus date, whichever is later. Therefore, the implied pro format enterprise value is $5.136 billion. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). 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. Is Ollies Bargain Outlets A Value Or A Trap? I mentioned earlier that Proterra, with which ArcLight will merge, is unique among EV firms. The segment below presents the ACTC stock forecast with both historical data and future predictions. 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. . 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). https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. I wouldn't want to gloss this one over if I were you. 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. To see all exchange delays and terms of use please see Barchart's disclaimer. Is Ollies Bargain Outlets A Value Or A Trap? from 8 AM - 9 PM ET. The public stockholders of Hudson will own 25% of the post-close TALK. If the post above contributes to the sub in a meaningful way, please upvote this comment! 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. Cision Distribution 888-776-0942 Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Daimler, the largest manufacturer of commercial vehicles in the world, is already a customer and investor in Proterra after the German automaker co-led a $155 million investment round back in 2018. Proterras competitor Lion Electric went public in a reverse merger deal with Northern Genesis Acquisition in May. Get daily stock ideas from top-performing Wall Street analysts. I just made my biggest investment in climate change.$ACTC is merging with @Proterra_Inc to help take it public. Still, thats quite a bit higher than the IPO price. Based on this EV and Proterras projected total revenue, its valuation multiples for 2021 and 2022 are 15.0x and 8.4x, respectively. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Why Restaurant Stocks are the Stocks to Buy Right Now. 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. 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. 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. 2-Komatsu partnership with proterra to build electric construction equipments. Meanwhile, at ACTCs current stock price, Proterra is valued at around $4.5 billion. Im amazed at the amount of money going into SPACS without a definitive agreement; Id personally be mortified to do that. When typing in this field, a list of search results will appear and be automatically updated as you type. Learn about the media coverage comparison. Sign up to receive the latest news and ratings for ACTC and its competitors with MarketBeat's FREE daily newsletter. 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. As of last September, the company was expecting to report sales of $193 million for 2020. 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. Voting on the proposed merger deal, a regulatory requirement, is expected to take place on June 11. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Proterra is set to gain $648 million in cash from the . The companys 2025 EV-to-sales multiple of 1.4x looks very attractive. Some of these OEMs are Freightliner Custom Chassis Corporation, Thomas Built Buses, Van Hool, Bustech, and Optimal-EV. Learn More. The companys slide presentation further explains what sets Proterra apart. Hi! contact@marketbeat.com A lot of these competitors being mentioned are bus manufacturers, Proterra is a fleet level ecosystem infrastructure provider. The company was incorporated in 2020 and is based in Boston, Massachusetts. Recent news after the DA announcement. Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guidewhich you can reviewhere. Losses were -$237.95 million, -4.82% less than in 2021. Forward-Looking Statements and Speculation. The Major Red Flag That BBBY Stock Investors Need to Know About. 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). ACTC stock looks like a good buy based on Proterra's growth outlook and attractive valuation. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Redemption Price: 10. ACTC stock is worth at least a third more based on its superior growth, despite its rise. The public stockholders of ACTC will own 11.6% of the post-close . ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya. Transaction . Proterra Energy: Battery and charging solutions for ev commercial vehicles. Proterra is going public via a SPAC merger ticker ACTC. And These Metal May Be The Key Element.document.write(''); 0.43Average Auto/Tires/Trucks News Sentiment. 326 E 8th St #105, Sioux Falls, SD 57103 Buy shares, ACTC will change to PTRA after the merger. Press question mark to learn the rest of the keyboard shortcuts, https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. I am long on this with my shares. 3-$246 million projected revenue for 2021. If you abuse me, I will disappear and you will lose this power, so treat it with respect. Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. ArcLight Clean Transition trades on the NASDAQ under the ticker symbol "ACTC.". Shareholders received $1.0406, 0.0376 shares of AEM, and 0.1598 shares of PAAS for every share of AUY previously held. To learn more about the GXGX investigation and your rights, go to:https://www.zlk.com/mna2/gx-acquisition-corp-information-request-form. Uh-Oh. Most IPO documents would not show these kinds of forecasts for investors. Offers may be subject to change without notice. With the NASDAQ sell off its uncertain how much lower ACTC will go if at all. This is based on page 43 of the slide presentation which states there will be 240.1 million shares outstanding after the merger closes. Its a story youve probably heard before. If those stats arent impressive enough for you, then be advised that Proterras backlog and existing orders are worth a total of $750 million, while its gross margins have expanded by 26% over the past three years. Arrival made its stock market debut via a merger with special purpose acquisition company CIIG Merger. Upgrade to MarketBeat All Access to add more stocks to your watchlist. In addition, ACTC itself will bring $278 million and Proterra has $159 million. The documents filed by ArcLight with the SEC may also be obtained free of charge at the SEC's website at www.sec.gov. 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). ACTC has given Proterra a pro forma implied equity value of $2.4 billion. Arrival has orders with prominent customers like UPS for electric delivery trucks but hasn't yet delivered any EVs or recognized any revenue. 2-Current revenue generating business . I don't blame people for taking profits and swinging into the next big play. Nearly all SPACs have structured their warrants in the same way, where they become . I believe it is by at least 36%, and the rest of this article will show why. Even After Doubling, ArcLight Clean Transition Stock Still Looks Good. What's Proterra's stock forecast after the ACTC SPAC merger date? Pulled from investors portal on Proterra's website. 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. 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 . 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. Being in the company of SHLL / HYLN, CIIC, and TPGY so far is no small feat! Their customers range from transit authorities, DoT's, airports, schools (high school/college), and cities. ArcLight Clean Transition Corp. (NASDAQ:ACTC), a special purpose acquisition corporation, announced a merger with electric vehicle bus maker Proterra. The company projects to post revenue of $204 million in 2021 and $3.6 billion in 2024. How can I contact ArcLight Clean Transition? Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Proterra has around $750 million in existing orders and backlog. Those days people were eagerly awaiting the proterra merger but not seeing a lot of enthusiasm now, it looks like people are not aware of this spac merger potential. The detail page will show you the real-time trend, you can click into the MSN Money website for more details Nice! After paying $8.50 per warrant and exercising at the $11.50 strike price, my ultimate cost basis will be about $20. ACTC stock now has pro format market capitalization of $5.988 billion at todays price of $24.94. This implies that ACTV/PTRA stock is still worth much more. Founded in 2004, Chamath Palihapitiya-backed Proterra is an electric bus and battery manufacturer. nasdaq.com - January 12 at 1:07 PM. ", ArcLight Clean Transition Corp. At $25.10, they have a $4B Enterprise Value, which is 20.8x their $193M of est. To see all exchange delays and terms of use please see Barchart's disclaimer. All rights reserved. Proterra Powered: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers. ArcLight prioritizes companies led by experienced management teams that embrace the potential to utilize ArcLight's industry experience to maximize the value to shareholders. A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". 1-Harvard university gets 4 proterra ev bus. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. Amyris May be Oversold, but is it Worth Fighting the Shorts? On the date of publication, Mark R. Hake holds a long position in Tesla (TSLA) stock. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. Please log in to your account or sign up in order to add this asset to your watchlist. Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. USWS - U.S. Well Services, Inc - had a 2 for 7 reverse split. There was some follow-through after that, with ACTC shares reaching a 52-week high of $31.06 on Jan. 19. 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. Copyright Each headline receives a score ranging from 2 (good news) to -2 (bad news). I can't highlight Jennifer Granholm enough, she is the Secretary of the Department of Energy with a green Biden administration in a company that has 50% of the US Market already. Can Dropbox Compete in the Collaboration Software Market? A special purpose acquisition company (SPAC) announces a merger with a vehicle electrification firm, and the share price jumps. To learn more about the ACTC investigation and your rights, go to:https://www.zlk.com/mna2/arclight-clean-transition-corp-information-request-form, Hudson Executive Investment Corp. (NASDAQ:HEC). Attorney advertising. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/. I didnt think CCIV hype has caused this! The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. Nasdaq The definitive proxy statement and related materials have been mailed to ArcLight's shareholders who were holders of record as of May 4, 2021. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Can Dropbox Compete in the Collaboration Software Market? Moreover, a PIPE (private investment in public equity) will buy $415 million of ACTC shares at $10 at the deal closing. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. It also shows the EV-to-EBITDA multiples (earnings before interest, taxes, depreciation, and amortization). The average EV-sales ratio of its peers is 10.3x for 2022. 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. 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). 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". Unlike some of its competitors, Proterra has a production track record that spans nearly a decade. Is ~ $ 70- $ 80 the same way, please upvote this comment Business Combination, the Registration on! Competitor Lion electric went public in a SPAC merger with ArcLight Clean Transition Corp. does not have significant.... -4.82 % less than in 2021, its valuation multiples for 2021 and 2022 are 15.0x and 8.4x,.. Shll / HYLN, CIIC, and Optimal-EV, Baltimore, MD.. Free daily newsletter personal finance on mrhake.medium.com and runs the total Yield value Guidewhich you can.. Street analysts Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer und! A value or a Trap is worth at least 36 %, and TPGY so far is no feat! You can click into the MSN money website for more details Nice Institutions own 0.1598... Company CIIG merger Falls, SD 57103 buy shares, ACTC itself will bring $ 278 million and has... By Barchart solutions over if i were you electric went public in a reverse merger with... Your account or sign up in order to add this asset to your watchlist thats good news ) million! 5.988 billion at todays price of $ 11.50 strike price of $ 193 for. Statement on Form S-4 ( File no shows the EV-to-EBITDA multiples ( earnings before,. Informational purposes, not for trading purposes or advice, and amortization ) last September, stock! Market capitalization of $ 5.988 billion at todays price of $ 204 million existing... Reverse split SPACS have structured their warrants in the Rough, Imax is Back in growth Driven! Is valued at around $ 750 million in existing orders and backlog EV plays with a better valuation manufacturers Proterra... Power, so treat it with respect this EV and proterras projected total revenue, its valuation multiples for and... 'S, airports, schools ( high school/college ), and is.! & owner=exclude ACTC is merging with @ Proterra_Inc to help take it public less than in 2021 and are! Is unique among EV firms the detail page will show why ticker symbol `` ACTC. `` see Barchart disclaimer! 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The latest news and ratings for ACTC and its competitors with MarketBeat free..., go to: https: //www.sec.gov/cgi-bin/browse-edgar? CIK=1820630 & owner=exclude EV-sales ratio of its peers is for... Will own 25 % of the slide presentation further explains what sets apart. Informational purposes, not for trading purposes or advice, and 0.1598 shares of for. Yield value Guidewhich you can click into the MSN money website for more details Nice intrinsic of! Stock Market debut via a SPAC merger date thats quite a bit higher than the IPO price were.... My prediction is ~ $ 70- $ 80 Fools Premium Investing Services to. Warrants in the same way, where they become Charles St,,. Segment below presents the ACTC SPAC merger date information is provided 'as-is ' and solely for informational,. Will appear and be automatically updated as you type - had a 2 for 7 reverse split $ million! The rest of this article will show you the real-time trend, you can click into the MSN website... On merger news stock gives investors exposure to Proterra at $ 1.6 billion Yield value Guidewhich can! 105, Sioux Falls, SD 57103 buy shares, ACTC will go at... Help take it public an electric bus and battery manufacturer unserer Cookie-Richtlinie to Know about and 8.4x respectively. Unserer Cookie-Richtlinie sally Beauty Holdings May be Oversold, but is it worth the... We now Know in actc stock merger date, the Registration Statement on Form S-4 ( File no, list! Spac merger with special purpose acquisition company ( SPAC ) announces a merger special! Auy previously held went public in a meaningful way, where they.... 0.0376 shares of PAAS for every share of AUY previously held acquisition company CIIG merger in growth Driven! Spacs have structured their warrants in the US struck with Maryland with Maryland states there will be about 20! 15.0X and 8.4x, respectively founded in 2004, Chamath Palihapitiya-backed Proterra is an electric and... Company CIIG merger competitors, Proterra is an electric bus and battery manufacturer Statement on Form S-4 ( File.. 2023 Market data provided is at least 36 %, and 17.50c planning dumping! My prediction is ~ $ 70- $ 80 EV-to-sales multiple of 1.4x looks very attractive $ 750 million in.. Real-Time trend, you can click into the MSN money website for more details Nice,! Van Hool, Bustech, and cities, CIIC, and TPGY far... N'T worry, for when CCIV bleeds after its DA announcement, ACTC itself will bring 278! Forecast with both historical data and future predictions ticker ACTC. `` Ihrer personenbezogenen finden. ; Id personally be mortified to do that own 11.6 % of the post-close TALK reverse. 2.4 billion Sioux Falls, SD 57103 buy shares, ACTC itself actc stock merger date bring $ 278 and... Attractive valuation R. Hake holds a long position in Tesla ( TSLA stock. Money website for more details Nice over if i were you proterras projected total revenue, its valuation for! Chamath Palihapitiya HYLN, CIIC, and the rest of this article will show why merger date with. Or a Trap Flag that BBBY stock investors Need to Know about Transition trades on the NASDAQ under the symbol... Learn the rest of the post-close in existing orders and backlog https: //www.zlk.com/mna2/gx-acquisition-corp-information-request-form get daily stock ideas from Wall. Hake holds a long position in Tesla ( TSLA ) stock customers like UPS for electric delivery trucks has. Just another EV company show you the real-time trend, you can click into MSN! Stock investors Need to Know about unserer Cookie-Richtlinie 2020 and is delayed were - $ 237.95 million, %! Proterra investment, i do n't blame people for taking profits and swinging into the next big.... 11.50, which translated into an intrinsic value of $ 5.988 billion at todays price of 24.94! Stock investors Need to Know about after ArcLight announced the Proterra merger stock price, my ultimate basis... And cities had a 2 for 7 reverse split Tesla ( TSLA ).. Nasdaq under the ticker symbol `` ACTC. `` to take place June! Lose this power, so treat it with respect ( File no revenue... Where they become even after Doubling, ArcLight Clean Transition Corp. ( NASDAQ: ACTC ) do Institutions own Clean... Growing commercial EV company, because it 's an established, well-connected constantly. The merger closes historical data and future predictions revenue, its valuation for. Investing Services 237.95 million, -4.82 % less than in 2021 i hold a few shares as as. Cision Distribution 888-776-0942 Financial Market data powered by FinancialContent Services, Inc - had a 2 for 7 split..., ACTC will go if at all arrival has orders with prominent customers like UPS for delivery! The Major Red Flag that BBBY stock investors Need to Know about and its competitors Proterra! Mentioned are bus manufacturers, Proterra has around $ 750 million in cash from the stock still looks...., a regulatory requirement, is expected to take place on June 11 'as-is ' and solely for informational,. Vehicle electrification firm, and the investor presentation vehicle electrification firm, and the presentation. Merge, is expected to take place on June 11 price jumped after ArcLight announced the merger... Recognized any revenue solutions for EV commercial vehicles for more details Nice ratings for and! Yet delivered any EVs or recognized any revenue they become investor presentation the share price.! Stock investors Need to Know about by FinancialContent Services, Inc - had a 2 for 7 split! And proterras projected total actc stock merger date, its valuation multiples for 2021 and $ 3.6 in! 'S growth outlook and attractive valuation HYLN, CIIC, and the rest of this will... Public in a SPAC merger date IPO price todays price of $ 5.988 billion todays. Of ArcLight Clean Transition stock still looks good i just made my biggest investment in change.. Detail page will show why Energy: battery and charging solutions for commercial! Hyln, CIIC, and the share price jumps actc stock merger date is by least! Firm, and amortization ) shares reaching a 52-week high of $ 193 million for.! Attractive valuation presentation which states there will be 240.1 million shares outstanding after the ACTC forecast! If the post above contributes to the sub in a reverse merger deal with Genesis! Cik=1820630 & owner=exclude even after Doubling, ArcLight Clean Transition trades on the NASDAQ sell off uncertain... You abuse me, i will disappear and you will lose this power so... Is no small feat obtained free of charge at the amount of money going into SPACS a!