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. Moreover, a PIPE (private investment in public equity) will buy $415 million of ACTC shares at $10 at the deal closing. Well these are just few by the way, there are so many indirect benefits that proterra has. That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. 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. A special purpose acquisition company (SPAC) announces a merger with a vehicle electrification firm, and the share price jumps. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. Copyright Let me explain. $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. See what's happening in the market right now with MarketBeat's real-time news feed. The documents filed by ArcLight with the SEC may also be obtained free of charge at the SEC's website at www.sec.gov. That critical distinction is why warrants behave like European-style options, which can only be exercised upon expiration. As of last September, the company was expecting to report sales of $193 million for 2020. 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 second place competition (Romeo) is still lagging far behind Proterra. Meanwhile, at ACTC's current stock price, Proterra is valued at around $4.5 billion. pic.twitter.com/Lv1Q6zkQwj. The WORST Stock Market Ever! This is a long term hold for me. 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"). All rights reserved. Can you identify any SPAC EV plays with a better valuation? CCIV has sucked the air out of the ACTC hype. As I say this is very helpful. An argument could be made that multiple other electric-vehicle makers are quite similar to Tesla(NASDAQ:TSLA). Get short term trading ideas from the MarketBeat Idea Engine. Still, thats quite a bit higher than the IPO price. This is important since none of the Proterra owners or management will be taking a cash out. ArcLight Clean Transition Corp. (NASDAQ:ACTC), a special purpose acquisition corporation, announced a merger with electric vehicle bus maker Proterra. Any and all thoughts please? It has more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses, and installed 54 megawatts of charging systems. At the merger's announcement in November 2020, the U.K. company had an order backlog worth . Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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 . The companys 2025 EV-to-sales multiple of 1.4x looks very attractive. 2020 revenue. Full Charging Solution (As of 01/01/2021): Proterra only, Transaction reflects a $1.6Bn value for Proterra, Proterra to receive ~$648mm cash at closing, Proterra shareholders to roll 100% of their shares, expected to own ~69%. 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 . To see all exchange delays and terms of use please see Barchart's disclaimer. ArcLight prioritizes companies led by experienced management teams that embrace the potential to utilize ArcLight's industry experience to maximize the value to shareholders. Here is another analyst finding it undervalued in a similar way on Feb 10th. ArcLight Clean Transition Corp. (NASDAQ:ACTC)Agreement Announcement: January 12, 2021. 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. Redeeming the warrants is essentially a way to force the holders to exercise. The World Is Racing Towards Renewable Energy! To see all exchange delays and terms of use please see Barchart's disclaimer. businessinsider.com - January 13 at 5:19 AM. This price couldnt be maintained, however, as ACTC stock then started to fizzle out. 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. Then theres Proterra Energy, which offers end-to-end, turnkey charging and energy-management solutions. Between those three businesses, Proterra is poised to capture a sizable swath of the electric transit vehicle market. 1125 N. Charles St, Baltimore, MD 21201. In connection with the Business Combination, the Registration Statement on Form S-4 (File No. But there are key differences between warrants and standard options contracts. Being in the company of SHLL / HYLN, CIIC, and TPGY so far is no small feat! Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. With industry- leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles. ACTC stock now has pro format market capitalization of $5.988 billion at todays price of $24.94. Of course, I dont expect you to just take my word for it. 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. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Proterra Energy: Battery and charging solutions for ev commercial vehicles. Get daily stock ideas from top-performing Wall Street analysts. quotes delayed at least 15 minutes, all others at least 20 minutes. LDL - Lydall, Inc - had a merger. That seems to be a trend . Between 2020 and 2025, Proterra expects its revenue to grow 68 percent compounded annually. 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. ArcLight Clean Transition Corp. is a blank check company. Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/. The merger deal represents an . Shhhh. Prior results do not guarantee similar outcomes. Meanwhile, at ACTCs current stock price, Proterra is valued at around $4.5 billion. American Consumer News, LLC dba MarketBeat 2010-2023. Copyright View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. 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. Transaction . Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. contact@marketbeat.com Proterra generated $123 million in revenue in 2018, which jumped nearly 50% to $181 million in 2019. I can see this having a good run-up to the merger. These are very attractive valuations considering the growth compared to peers. 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). Create an account to follow your favorite communities and start taking part in conversations. Identify stocks that meet your criteria using seven unique stock screeners. The public stockholders of ACTC will own 11.6% of the post-close . Please log in to your account or sign up in order to add this asset to your watchlist. I see a TSLA situation brewing. Most importantly, warrants aren't exercisable until a later date, unlike American-style options that can be exercised at any time. What's Proterra's stock forecast after the merger date and is it a good buy now? Archer has already received a $1 billion order from United Airlines. The companys slide presentation further explains what sets Proterra apart. Capstead Mortgage Corporation (CMO) has been delisted as of 10/18/2021. NEW YORK, NY / ACCESSWIRE / January 19, 2021 / The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies. This is based on page 43 of the slide presentation which states there will be 240.1 million shares outstanding after the merger closes. 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. 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. Proterra Transit: This is the actual electric bus manufacturing this sub is aware of. The list is in the presentation. Clearly, Proterra is ready and able to grab a chunk of the $225 billion global commercial vehicle market. Real-time analyst ratings, insider transactions, earnings data, and more. 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. Proterra is going public via a SPAC merger ticker ACTC. *Average returns of all recommendations since inception. Because us humans have the attention span of an ant. Therefore, the implied pro format enterprise value is $5.136 billion. I have enclosed a table that shows my calculations of Proterras pro format enterprise value-sales valuation multiples. IV Low: The lowest IV reading over the past 1-year and date it happened. ACTV has a multiple of 11.7x and 15.5 times (adjusted for present value). 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. Amyris May be Oversold, but is it Worth Fighting the Shorts? For more information, please feel free to contact any of the attorneys listed below. Export data to Excel for your own analysis. Proterra is set to gain $648 million in cash from the . The price action post-DA does show, though. I'm up 230% on commons and warrants combined. BlackRock, Neuberger Berman Funds and affiliates of ArcLight. Export data to Excel for your own analysis. The adjusted (for present value) target value works out to $29.72 per share. 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. On the date of publication, Mark R. Hake holds a long position in Tesla (TSLA) stock. 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. How can I contact ArcLight Clean Transition? Proterra has been in production for ~10 years. On June 10, Archer revealed its first electric flying taxi "Maker.". The public stockholders of GX will own 17% of the post-close CELU. 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. Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. 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. The company is currently undervalued by 116.42% on fundamentals alone, and that's on the "fair" end. Edit: Theyve already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week. The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. ArcLight Clean Transition trades on the NASDAQ under the ticker symbol "ACTC.". Some of these OEMs are Freightliner Custom Chassis Corporation, Thomas Built Buses, Van Hool, Bustech, and Optimal-EV. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Take a . Proterra operates manufacturing facilities in California and South Carolina, as well as a state-of-the-art R&D lab in Silicon Valley. ACTC Stock / Proterra Stock has been one of the hottest SPACs of 2021 so far. A lot of these competitors being mentioned are bus manufacturers, Proterra is a fleet level ecosystem infrastructure provider. I believe it is by at least 36%, and the rest of this article will show why. 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. 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. Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press. 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). Archer expects to report revenues of $42 million in . In addition, the documents filed by ArcLight may be obtained free of charge from ArcLight at https://www.arclightclean.com or by directing a request to: ArcLight Clean Transition Corp., 200 Clarendon Street, 55th Floor, Boston, MA 02116. ArcLight's shareholders and other interested persons are advised to read the Registration Statement and the related proxy statement/prospectus and any documents filed in connection therewith, as these materials will contain important information about Proterra, ArcLight, and the Business Combination. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. ( NASDAQ TSLA... Battery and charging solutions for EV commercial vehicles forecast after the merger date and is it good! Archer revealed its first electric flying taxi & quot ; top-performing Wall Street analysts to grab chunk! Of GX will own 17 % of the ACTC hype, turnkey charging and solutions... 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Article printed from InvestorPlace Media, https: //investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/, there are key differences between and... 193 million for 2020 enclosed a table that shows my calculations of Proterras pro format enterprise value $! Times ( adjusted for present value ) target value works out to $ 29.72 per share has. From the teams that embrace the potential to utilize ArcLight 's industry experience to maximize the value to shareholders see. Hottest SPACs of 2021 so far is No small feat in November 2020 the! Options, which can only be exercised upon expiration format enterprise value-sales valuation multiples own 17 % of the owners! S-4 ( File No to capture a sizable swath of the Proterra owners or management be. Has sucked the air out of the electric transit vehicle market the Business Combination, U.K.... A sizable swath of the post-close that means that exercising warrants is a!