The Motley Fool has a disclosure policy. ArcLight Clean Transition Corp. (NASDAQ:ACTC), a special purpose acquisition corporation, announced a merger with electric vehicle bus maker Proterra. 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. There is some speculation regarding the date; they've already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week . At almost 39 percent below its peak, the stock gives investors exposure to Proterra at a bargain. Our daily ratings and market update email newsletter. The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. An argument could be made that multiple other electric-vehicle makers are quite similar to Tesla(NASDAQ:TSLA). ACTC stock is worth at least a third more based on its superior growth, despite its rise. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? ACTC Stock / Proterra Stock has been one of the hottest SPACs of 2021 so far. Special Purpose Acquisition Companies (SPACS), Units, Warrants and the best DD on Reddit. And These Metal May Be The Key Element.document.write(''); 0.43Average Auto/Tires/Trucks News Sentiment. In reading the news release and more importantly the slide presentation on the deal, it is clear that Proterra is an established EV manufacturer of batteries and storage systems. This 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. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). 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. High Voltage System Components and Integration (Junction Boxes, Thermal Management Systems, Telematics Gateways, Charge Controllers and Integration Controllers). It also shows the EV-to-EBITDA multiples (earnings before interest, taxes, depreciation, and amortization). Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 5.76Bn - $852MM = 4.91Bn Market Cap without SPAC cash, 2022E adjusted .7561 for present value is 332M, Competitor EV/Rev = 10.3x on average for 2022E. A lot of these competitors being mentioned are bus manufacturers, Proterra is a fleet level ecosystem infrastructure provider. 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. 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). Can you identify any SPAC EV plays with a better valuation? Proterra has an extremely large lead and has a distinct first mover advantage. . 1-Daimler partnership & Investor. 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 Major Red Flag That BBBY Stock Investors Need to Know About. This battery production line was established within a year and demonstrates Proterras ability to bring its scalable and capital-efficient battery manufacturing process directly to commercial vehicle OEMs alongside their existing manufacturing." I'll most likely sell at the vote, as my attention span will get the best of me by then. Subject to the satisfaction of certain other closing conditions, the business combination is expected to close on June 14, 2021, after which Proterra's common stock and warrants are expected to begin trading on Nasdaq on June 15, 2021 under the new ticker symbols "PTRA" and "PTRAW. BlackRock, Neuberger Berman Funds and affiliates of ArcLight. Please log in to your account or sign up in order to add this asset to your watchlist. Invest in a commercial vehicle electrification trailblazer with ACTC stock. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. 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. CCIV has sucked the air out of the ACTC hype. California Transitioning to All Electric Bus Fleet by 2040. It will still get there with a bit of time. Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guidewhich you can reviewhere. It will also see ACTC stock changing to the PTRA stock ticker. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. To date, Lilium has secured approximately $200 million of commitments from infrastructure partners, including Ferrovial and Tavistock Development Company. This SPAC is acquiring an electric vehicle company. ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya. Transaction . Nasdaq See what's happening in the market right now with MarketBeat's real-time news feed. 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). The companys 2025 EV-to-sales multiple of 1.4x looks very attractive. Agreed. A high put/call ratio can signify the market is oversold as more traders are buying puts . Still 50% Upside To Go, Wall Street Is Getting Vaxcyte Right, Promising Upsides on these Biotech Penny Stocks, PepsiCo Inc. on Breakout Watch, New Highs Eminent, Three S&P Energy Names with High Dividend Yields, Why State Street Stock Is Sliding After Announcing Earnings, Charles Schwab's Recovery Just Shifted Gears. The Company recently announced the opening of a new battery production line co-located in its electric transit bus manufacturing facility in Los Angeles County. The transaction is about to close. Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. The Major Red Flag That BBBY Stock Investors Need to Know About. 1-pager attached. LDL - Lydall, Inc - had a merger. Up to 14 vertiports are already planned in Florida. quotes delayed at least 15 minutes, all others at least 20 minutes. The average EV-sales ratio of its peers is 10.3x for 2022. Proterra is effectively three businesses in one. I can't be the only one who plays post DA strategy right? I too dont mind the rinse & repeat but the real price of stocks gets determined by long term holders after those initial pops. 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. Proterra Energy: Offering end-to-end turnkey charging and energy management solutions. All rights reserved. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. The company is very helpful in providing estimates. ArcLight prioritizes companies led by experienced management teams that embrace the potential to utilize ArcLight's industry experience to maximize the value to shareholders. As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. I see a TSLA situation brewing. 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. 3-$246 million projected revenue for 2021. 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. Get daily stock ideas from top-performing Wall Street analysts. Get a real-time OPAL Fuels Inc. (OPAL) stock price quote with breaking news, financials, statistics, charts and more. ACTC stock now has pro format market capitalization of $5.988 billion at todays price of $24.94. 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. 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 . Between those three businesses, Proterra is poised to capture a sizable swath of the electric transit vehicle market. 3 Stocks That Are Poised to Plunge. 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"). That seems to be a trend . Proterra Transit: Leading North America as the markets #1 electric transit bus OEM. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week. 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. There are a lot of comments regarding other competitors not mentioned. Voting on the proposed merger deal, a regulatory requirement, is expected to take place on June 11. 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. A slight pullback is normal and knowing that this still has legs to run once we get 30 days away from the vote, I'll hold and squeeze this cash register for more profits. ), Units, Warrants and the best DD on Reddit will also see stock..., financials, statistics, charts and more and Integration ( Junction Boxes, Thermal management Systems Telematics. Being mentioned are bus manufacturers, Proterra transit, and more embrace the to. Nasdaq see what 's happening in the Rough, Imax is Back in Mode! 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