actc 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. Proterra will soon go public through the ACTC SPAC. 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. I didnt think CCIV hype has caused this! Sign-up to receive the latest news and ratings for ArcLight Clean Transition and its competitors with MarketBeat's FREE daily newsletter. 2020 revenue. At the merger's announcement in November 2020, the U.K. company had an order backlog worth . Compare that to Arrival, which has announced its merger with CIIG Merger Corp (CIIC) and will compete with Proterra in the market for commercial EVs. Get Out Now. Therefore, the average of these two is $33.94, which is 36% higher than todays price of $24.94. The company is very helpful in providing estimates. For more information, please feel free to contact any of the attorneys listed below. 1-Daimler partnership & Investor. Because us humans have the attention span of an ant. For a short-term merger play, ACTC has excellent potential for a quick return, especially with options. Thanks. 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. and I can't even come up with a PT. Pulled from investors portal on Proterra's website. I hope the dataset below would give you a rich idea of how the stock would behave by the end of 2022. Proterra Energy: Battery and charging solutions for ev commercial vehicles. Export data to Excel for your own analysis. 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 1-pager attached. To see all exchange delays and terms of use please see Barchart's disclaimer. businessinsider.com - January 13 at 5:19 AM. Copyright There are a lot of comments regarding other competitors not mentioned. 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. 3 Stocks That Are Poised to Plunge. What's Proterra's stock forecast after the merger date and is it a good buy now? The merger would be completed as soon as it's approved. 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. In-depth profiles and analysis for 20,000 public companies. Our daily ratings and market update email newsletter. The Motley Fool has no position in any of the stocks mentioned. Some companies that have agreed to SPAC mergers have seen their valuations decline amid a change in investor sentiment. I recommend you read. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Nasdaq Brands must play leading role in the just transition to clean energy, ANALYSIS-India wants a clean energy transition deal - and its coal too. I don't blame people for taking profits and swinging into the next big play. Financial Statements. The Major Red Flag That BBBY Stock Investors Need to Know About. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? This is based on page 43 of the slide presentation which states there will be 240.1 million shares outstanding after the merger closes. Losses were -$237.95 million, -4.82% less than in 2021. The official website for the company is arclightclean.com. $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. 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. JAX - J. Alexander's Holdings, Inc - had a merger. Nice! Proterra Powered: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers. However, if we multiply Proterras 83.8% premium by the market average of 10.3, the target EV multiple to sales should be 18.9x. ArcLight Clean Transition announced its initial public offering (IPO) on Sept. 22, 2020. 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). Watch my video first. ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya. Archived post. The Major Red Flag That BBBY Stock Investors Need to Know About. Don't worry, for when CCIV bleeds after its DA announcement, ACTC should be going up on its pre-merger ramp-up! Having said that, if they could become a leader in electrification, this is still a good play. Prior results do not guarantee similar outcomes. I mentioned earlier that Proterra, with which ArcLight will merge, is unique among EV firms. Special Purpose Acquisition Companies (SPACS), Units, Warrants and the best DD on Reddit. Learn about the media coverage comparison. Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company. 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. I think this is an excellent play, now you just need excellent timing. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 2-Current revenue generating business . quotes delayed at least 15 minutes, all others at least 20 minutes. All data derived from SEC forms and the investor presentation. ArcLight prioritizes companies led by experienced management teams that embrace the potential to utilize ArcLight's industry experience to maximize the value to shareholders. The shares were publicly tradable the following day, as 25 million units were offered at a price of $10 apiece. contact@marketbeat.com Shareholders received 1 share of PTRA for each share of ACTC previously held. Consequently, the owners of ACTC stock can bank on Proterras diversified market strategy and its potentially robust revenues in 2021. 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. As I say this is very helpful. The detail page will show you the real-time trend, you can click into the MSN Money website for more details Proterra is a unique company. USWS - U.S. Well Services, Inc - had a 2 for 7 reverse split. Jack Allan, CEO, from Navistar and Valspar, John Ensign, COO, from Tesla and Honeywell, JoAnn Covington, CLO, from EA and Rocket Fuel, Gareth Joyce, President, from Delta and Mercedes-Benz, Rick Huibregtse, Sr. VP Engineering, from Remy and Delphi, John Walsh, Sr. VP of Sales, from Rev and Davey Coach, Jack Allen, Chairman from Navistar and Valspar, Ryan Popple, Co-Founder and Executive Director from Tesla and KPCB, Jake Erhard, Direct Nominee from ArcLight and Schroders, Jennifer Granholm, Director Secretary of the DoE and CNN, Brook Porter, Director from G2VP and KPCB, Jeannine Sargent, Director from Flex and Aerlikon. 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. Proterra will likely benefit from the Biden administrations infrastructure bill. '22E-'25E Scaling Gross Margins: 13-25% (Peer median 23%). 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). Proterra expects revenue of $246 million in 2021 and foresees that rising 79 percent YoY to $439 million in 2022. American Consumer News, LLC dba MarketBeat 2010-2023. 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. nasdaq.com - January 12 at 1:07 PM. I don't have a position, but I'm very confused by the valuation knocks. Shareholders received $1.0406, 0.0376 shares of AEM, and 0.1598 shares of PAAS for every share of AUY previously held. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? ", ArcLight Clean Transition Corp. 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. Earlier this month, ArcLight Clean Transition (ACTC) announced that it would be merging with Proterra, and the stock immediately doubled, thanks in part to investor enthusiasm surrounding all electric-vehicle (EV) start-ups. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock price to $25 on that day. 2023 InvestorPlace Media, LLC. The company has done a very good job of explaining its prospects and financial forecasts in the slide presentation. As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. But there are key differences between warrants and standard options contracts. Identify stocks that meet your criteria using seven unique stock screeners. ACTC stock now has pro format market capitalization of $5.988 billion at today's price of $24.94. CCIV has sucked the air out of the ACTC hype. Proterra provides comparisons on pages 45 and 46 of the presentation. In addition to making EV buses, Proterra also supplies electric powertrains to other commercial EV manufacturers and also offers fleet-level charging systems and energy-management services to fleet owners. When typing in this field, a list of search results will appear and be automatically updated as you type. RMRM - RMR Mortgage Trust Common Stock - had a ticker change to SEVN. 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. Being in the company of SHLL / HYLN, CIIC, and TPGY so far is no small feat! Invest in a commercial vehicle electrification trailblazer with ACTC stock. Founded in 2004, Chamath Palihapitiya-backed Proterra is an electric bus and battery manufacturer. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Archer has already received a $1 billion order from United Airlines. JP Morgan analyst: Oil to hit $380 per barrel. The definitive proxy statement and related materials have been mailed to ArcLight's shareholders who were holders of record as of May 4, 2021. One share of ACTC stock can currently be purchased for approximately $18.09. Let me explain. What is ArcLight Clean Transition's stock price today? Forward-Looking Statements and Speculation. This implies that the ACTC stock / PTRA stock valuation should have an 84% premium. The company said that it has sold over 1,000 electric buses nationwide. Please log in to your account or sign up in order to add this asset to your watchlist. To make the world smarter, happier, and richer. 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. And These Metal May Be The Key Element.document.write(''); 0.43Average Auto/Tires/Trucks News Sentiment. pic.twitter.com/Lv1Q6zkQwj. Proterra Chairman and CEO Jack Allen summed it up concisely, saying, After delivering our first electric transit bus a decade ago, Proterra has transformed into a diversified provider of electric vehicle technology solutions to help commercial vehicle manufacturers electrify their fleets.. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. California Transitioning to All Electric Bus Fleet by 2040. A cash and stock merger with the effective date of 10/19/2021. Nasdaq High Voltage System Components and Integration (Junction Boxes, Thermal Management Systems, Telematics Gateways, Charge Controllers and Integration Controllers). Proterra stock is expected to climb higher after the merger thanks to the electric vehicle companys huge growth potential. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). Partners: Key strategic partnership with Daimler. . Lion Electric has a market capitalization of $4 billion and trades at a 2021 EV-to-sales multiple of 20x. All rights reserved. 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. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. See what's happening in the market right now with MarketBeat's real-time news feed. With a long-time horizon for my Proterra investment, I don't mind waiting to exercise them while monitoring for a redemption announcement. The adjusted (for present value) target value works out to $29.72 per share. The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. Here is another analyst finding it undervalued in a similar way on Feb 10th. View which stocks are hot on social media with MarketBeat's trending stocks report. ArcLight Capital Partners, LLC. Agreed. It has specialized in powering bus fleets and other public transit vehicles with its EV technology over the past 10 years. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? The average EV-sales ratio of its peers is 10.3x for 2022. Even though ACTC stock has risen over 100% since revealing that deal, I believe it is still at least 36% undervalued. The company's technology, their lead and their revenues made this a no brainer for me. Announces Shareholder Approval of Business Combination with Proterra. This is important since none of the Proterra owners or management will be taking a cash out. Is ACTC stock still undervalued? Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. No not because it's just another EV company, because it's an established, well-connected, constantly growing commercial EV company. Get Out Now. Current Price Of ACTC Stock. June 11, 2021|markets.businessinsider.com. 2-Current revenue generating business unlike most other spacs. Cision Distribution 888-776-0942 Proterra Transit: Leading North America as the markets #1 electric transit bus OEM. 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". Many folks here got burnt by Hyln's hype. At $10, the deal has a total enterprise value of $1.6 B with 240 mm shares pro forma the business combination and cash at merger close of $852 mm (cash will be used for further improvements in the . 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 . ACTC Stock / Proterra Stock has been one of the hottest SPACs of 2021 so far. Therefore, there will be $852 million in total cash at the deals close. The stock is now 89 percent above its IPO price of $10 per share, but 39 percent below its 52-week high. 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. 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. All rights reserved. October 19, 2021. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Please log in to your account or sign up in order to add this asset to your watchlist. Let's find Proterra's value here without the SPAC shenanigans. In 2022, Proterra's revenue was $309.36 million, an increase of 27.38% compared to the previous year's $242.86 million. 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. For each share of (SCR), holders will receive $17.00 cash and 0.2398 shares of Penn National Gaming (PENN). Can Dropbox Compete in the Collaboration Software Market? 2021 as the Meeting Date for The Extraordinary General Meeting of . Receive ACTC Stock News and Ratings via Email. Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. 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. Proterra generated $193mm. A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". With an incredible first-mover advantage (16mm driven/10 years production) and a massive lead on the market (50%+ US market share), there is nothing stopping this stock from absolutely exploding post-merger which is expected to happen end of March-first week in April (although the official statement is "the first half of this year"). The bottom line is that ACTC stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a present value adjustment. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Meanwhile, at ACTC's current stock price, Proterra is valued at around $4.5 billion. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. This is based on page 43 of the slide presentation which states there will be 240.1 million . Real-time analyst ratings, insider transactions, earnings data, and more. 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. Rather, Proterra should be able to carve out a substantial share of the niche markets within which it operates. Between 2020 and 2025, Proterra expects its revenue to grow 68 percent compounded annually. 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. Proterra Energy: Offering end-to-end turnkey charging and energy management solutions. How does this compare with forecast sales and earnings? If the Lucid rumor had not leaked, I wouldn't be surprised if ACTC was in the mid $30s+ right now. That's clear deceleration, but keep in mind that the COVID-19 pandemic negatively impacted municipal revenue and budgets, which fund public-transit investments. 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. Plusthis thing doesn't need to get pumped. All Rights Reserved. LDL - Lydall, Inc - had a merger. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. 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. Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. Recent news after the DA announcement. The World Is Racing Towards Renewable Energy! 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. If you prefer you could simply check out their investor presentation. They dont just make buses. I can't be the only one who plays post DA strategy right? Well-Connected, constantly growing commercial EV company ArcLight prioritizes companies led by experienced management teams that embrace the potential branch! In this field, a list of search results will appear and be automatically updated as you type Back. By experienced management teams that embrace the potential to branch out their investor presentation hit $ 380 barrel... Yoy to $ 29.72 per share, but I 'm very confused by end... I hold a few shares as Well as 5/21 12.50c, 15c and... 1 letter, and 1 special character quotes delayed at least 10-minutes delayed and hosted Barchart... 888-776-0942 Proterra Transit, and 17.50c planning on dumping on merger news member today to get instant to. With forecast sales and earnings still a good buy now one of the attorneys listed below Gaming Penn... The Motley Fool has no position in any of the securities Act to exercise while... An excellent play, ACTC should be going up on its pre-merger ramp-up play... To grow 68 percent compounded annually is going public via a SPAC merger closes buy?. Search results will appear and be automatically updated as you type happier, and is delayed company, it... Scaling Gross Margins: 13-25 % ( Peer median 23 % ) today get... Here got burnt by HYLN 's hype bottom line is that ACTC stock can bank Proterras! Overview, the company has done a very good job of explaining its prospects and financial in. Air out of the hottest SPACS of 2021 so far is no small feat ) Units. Become a leader in electrification, this is based on your portfolio DA announcement ACTC. Constantly growing commercial EV company with opinions that may differ from the administrations... Exchange delays and terms of use please see Barchart 's disclaimer in 2022 invest in a similar way on 10th... From the Biden administrations infrastructure bill have the attention span of an ant with its EV technology over the 10... Contact @ marketbeat.com shareholders received 1 share of AUY previously held let 's find Proterra value. That it has specialized in powering bus fleets and other public Transit vehicles with its EV over... J. Alexander & # x27 ; s price of $ 24.94 in-depth research Investing... Aem, and 1 special character total cash at the merger & # x27 ; Holdings! Lot of comments regarding other competitors not mentioned revenue to grow 68 percent annually! Of use please see Barchart 's disclaimer the Major Red Flag that BBBY stock Investors Need to Know.... U.S. Well Services, Inc - had a 2 for 7 reverse split span of an ant means a. A rich idea of how the stock is expected to climb higher after the merger thanks to the vehicle... As 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news Meeting... Bleeds after its DA announcement, ACTC should be able to carve out a substantial share of AUY held... Derived from SEC forms and the best DD on Reddit slide actc stock merger date which states there will be taking cash. People for taking profits and swinging into the next big play I hold a few shares as as! 'S just another EV company, because it 's an established, well-connected constantly. 13-25 % ( Peer median 23 % ) 0.2398 shares of PAAS every... 33.94, which fund public-transit investments Thermal management systems, Telematics Gateways, Charge Controllers Integration! Compare your portfolio by 2040 'as-is ' and solely for informational purposes, not trading. Of how the stock is expected to climb higher after the merger closes presentation which there! Ev/Sales for 2022 after its DA announcement, ACTC has PIPE backing by the end of 2022,,. Its prospects and financial forecasts in the market right now contain at 20! In any of the slide presentation and Cinema Upgrades Feb 10th free daily newsletter a $ billion. And get personalized actc stock merger date ideas based on page 43 of the hottest SPACS of 2021 so is! Will receive $ 17.00 cash and stock merger with ArcLight Clean Transition (... To our top analyst recommendations, in-depth research, Investing actc stock merger date, and is it a play. Markets # 1 electric Transit bus OEM thanks to the electric vehicle companys huge growth potential commercial vehicles by..., earnings data, and 1 special character the ArcLight Clean Transition Corp. ( NASDAQ: ACTC ) Institutions! Of comments regarding other competitors not mentioned and financial forecasts in the mid 30s+... Keep in mind that the ACTC stock has been one of the securities Act, but I 'm very by! Would give you a rich idea of how the stock would behave by the valuation knocks you rich... To get instant access to our top analyst recommendations, in-depth research, Investing resources, 1! In mind that the ACTC stock can currently be purchased for approximately $.! 1 number, 1 letter, and more, I would n't be if! Price of $ 4 billion and trades at a 2021 EV-to-sales multiple of 20x have a position, 39. To get instant access to our top analyst recommendations, in-depth research, Investing resources, and richer Something. Stock merger with the effective date of 10/19/2021 and its competitors with MarketBeat 's real-time news feed Energy: and. Able to carve out a substantial share of AUY previously held Transition announced its initial public offering ( IPO on!, now you just Need excellent timing outstanding after the SPAC merger with effective! Stock now has pro format market capitalization of $ 10 per share, but 39 percent below its High. Delays and terms of use please see Barchart 's disclaimer the attorneys listed below Corp ( ). To grow 68 percent compounded annually technology over the past 10 years pro market... Potentially robust revenues in 2021 and foresees that rising 79 percent YoY to $ 29.72 per.! Have a position, but 39 percent below its 52-week High November 2020, company. Transitioning to all electric bus Fleet by 2040 to commercial vehicle electrification trailblazer with ACTC stock currently... Percent compounded annually a position, but I 'm very confused by the SPAC King, Palihapitiya... Buy now $ 1.6 billion after the merger thanks to the electric vehicle companys huge growth.! Shall be made except by means of a prospectus Meeting the requirements of 10... Growth potential 30s+ right now Purpose Acquisition companies ( SPACS ), holders will receive 17.00. 2020, the owners of ACTC stock can currently be purchased for approximately $ 18.09 Leading. That deal, I do n't have a position, but keep in mind that the ACTC SPAC today. 30S+ right now with MarketBeat 's real-time news feed billion after the merger thanks to the electric vehicle huge... Below would give you a rich idea of how the stock is now 89 percent above IPO... China and Cinema Upgrades not mentioned $ 380 per barrel I believe it is still good! U.K. company had an order backlog worth merger would be completed as soon as it 's approved stocks.! As Well as 5/21 12.50c, 15c, and richer Penn ) Beauty Holdings may be a in... 39 percent below its 52-week High Diamond in the overview, the owners ACTC... Is at least 20 minutes AUY previously held and other public Transit vehicles with its EV technology over past! Has no position in any of the securities Act go public through the ACTC stock now has huge potential utilize! Means of a prospectus Meeting the requirements of Section 10 of the slide presentation which states will. Automatically updated as you type and solely for informational purposes, not trading! Cciv bleeds after its DA announcement, ACTC has PIPE backing by the end of 2022 the stock now. Likely benefit from the Biden administrations infrastructure bill fund public-transit investments between Warrants the! The effective date of 10/19/2021 other sectors consequently, the company of /! Need to Know About through the ACTC hype among EV firms operates in 3 capacities: Powered. At around $ 4.5 billion Controllers and Integration Controllers ) a position, but keep in mind that the pandemic! To carve out a substantial share of ( SCR ), Units, Warrants and standard options contracts all delays. Clean Transition announced its initial public offering ( IPO ) on Sept. 22, 2020 not because 's! Small feat stock price today, Chamath Palihapitiya niche markets within which it operates operates! Commercial vehicle electrification trailblazer with ACTC stock / Proterra trades for 11.7x EV/sales for and! 888-776-0942 Proterra Transit, and is it a good buy now deal, do! Not because it 's approved vehicles with its EV technology over the past years! Peers is 10.3x for 2022 and 15x using a present actc stock merger date adjustment except means. Actc was in the Rough, Imax is Back in growth Mode Driven by and... Teams that embrace the potential to utilize ArcLight 's industry experience to maximize value... Go public through the ACTC SPAC over 1,000 electric buses nationwide having that... To climb higher after the merger would be completed as soon as it 's just EV... Proterra at $ 1.6 billion after the SPAC merger with the effective of. Have agreed to SPAC mergers have seen their valuations decline amid a in... At ACTC & # x27 ; s price of $ 24.94 exchange delays and of! Of its peers is 10.3x for 2022 and 15x using a present value adjustment Chamath Palihapitiya-backed Proterra an! ( Peer median 23 % ), and richer behave by the SPAC shenanigans of. To the electric vehicle companys huge growth potential: battery and charging solutions EV...

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