Archer has already received a $1 billion order from United Airlines. ArcLight Clean Transition Corp., led by Chairman Daniel Revers and President and Chief Executive Officer Jake Erhard, focuses on market leading companies that facilitate the decarbonization of industrial, government and consumer segments, targeting large addressable markets with differentiated technology and sustainable competitive advantages that enable the creation of substantial long-term value for shareholders. Production Track Record: Again, Romeo is the not-so-close second having produced minimal items and being founded in 2016. Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast. 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. Its a story youve probably heard before. TL;DR: Fundamental's alone show this company is already 116.42% undervalued, factor in hype, forward-thinking, IPO, etc. Im certainly not suggesting that Proterra will become as big or as successful as Tesla. Proterra is set to gain $648 million in cash from the . On the date of publication, Mark R. Hake holds a long position in Tesla (TSLA) stock. 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. 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. Revenue (2020E): The only other competitor to generate mentionable revenue was Romeo with $11mm. EDIT 2: This is a fundamental DD. 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). The company was incorporated in 2020 and is based in Boston, Massachusetts. Plusthis thing doesn't need to get pumped. 1125 N. Charles St, Baltimore, MD 21201. 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. Because us humans have the attention span of an ant. Shareholders received $1.0406, 0.0376 shares of AEM, and 0.1598 shares of PAAS for every share of AUY previously held. All Rights Reserved. Archived post. This implies that ACTV/PTRA stock is still worth much more. 5 Hypergrowth Stocks With 10X Potential in 2023, One Little-Known Tech Stock Could Be the Next Big Thing in 2023, NIOs New Expansion Plans: What It Means for Investors, Louis Navellier and the InvestorPlace Research Staff. I too dont mind the rinse & repeat but the real price of stocks gets determined by long term holders after those initial pops. Let's find Proterra's value here without the SPAC shenanigans. Special Purpose Acquisition Companies (SPACS), Units, Warrants and the best DD on Reddit. 2-Current revenue generating business unlike most other spacs. Market Realist is a registered trademark. To make the world smarter, happier, and richer. ACTC stock now has pro format market capitalization of $5.988 billion at todays price of $24.94. If Proterra chooses, it will announce its intention to redeem the warrants, and investors will have a 30-day window to exercise or sell them in the open market -- otherwise, lose effectively all of the value. 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. 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. Prior to announcing a merger target, the most prominent risks associated with a special purpose acquisition company (SPAC) are the unknown: What company will the SPAC ultimately become, what structure will the deal have, and whether or not the SPAC can even close a transaction at all. Get Out Now. I don't blame people for taking profits and swinging into the next big play. The second place competition (Romeo) is still lagging far behind Proterra. 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. Proterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. To date, Proterra has produced and delivered more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses and installed 54 megawatts of charging systems. 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. Copyright 2023 Market Realist. 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. businessinsider.com - January 13 at 5:19 AM. I believe it is by at least 36%, and the rest of this article will show why. These are very attractive valuations considering the growth compared to peers. 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. I have enclosed a table that shows my calculations of Proterras pro format enterprise value-sales valuation multiples. Thats the typical starting price for a SPAC stock, and ACTC stock stayed fairly close to the $10 area for a little while. from 8 AM - 9 PM ET. Invest better with The Motley Fool. Here is another analyst finding it undervalued in a similar way on Feb 10th. See what's happening in the market right now with MarketBeat's real-time news feed. The public stockholders of ACTC will own 11.6% of the post-close . People may receive compensation for some links to products and services on this website. 2023 InvestorPlace Media, LLC. After adjusting for its pro forma cash and debt, it would have an EV of $3.7 billion. But there are key differences between warrants and standard options contracts. 2020 revenue. I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). USWS - U.S. Well Services, Inc - had a 2 for 7 reverse split. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. BOSTON and BURLINGAME, Calif., June 11, 2021 /PRNewswire/ -- ArcLight Clean Transition Corp. (NASDAQ: ACTC) ("ArcLight"), a publicly traded . I see a TSLA situation brewing. https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. 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. Get daily stock ideas from top-performing Wall Street analysts. (844) 978-6257. 3 Stocks That Are Poised to Plunge. After adjusting for its pro forma . I mentioned earlier that Proterra, with which ArcLight will merge, is unique among EV firms. Moreover, Proterra can boast that its products have racked up 16 million real-world miles. 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. Proterra is going public via a SPAC merger ticker ACTC. The shares were publicly tradable the following day, as 25 million units were offered at a price of $10 apiece. Arrival's pipeline undoubtedly looks promising, but the execution risks will be significantly greater than an established company like Proterra. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Proterra operates manufacturing facilities in California and South Carolina, as well as a state-of-the-art R&D lab in Silicon Valley. Lion Electric has a market capitalization of $4 billion and trades at a 2021 EV-to-sales multiple of 20x. 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. Still, thats quite a bit higher than the IPO price. I led the $415M PIPE. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The Major Red Flag That BBBY Stock Investors Need to Know About. All data derived from SEC forms and the investor presentation. 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). This is a long term hold for me. largest EV bus deal in the US struck with Maryland. View which stocks are hot on social media with MarketBeat's trending stocks report. Unlike some of its competitors, Proterra has a production track record that spans nearly a decade. Attorney advertising. As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. I will be holding all my shares for several years, my calls I will exercise half after the merger and sell the rest for a nice profit. Most importantly, warrants aren't exercisable until a later date, unlike American-style options that can be exercised at any time. Of course, I dont expect you to just take my word for it. That should prove to be a major advantage for the companys stakeholders. Can you identify any SPAC EV plays with a better valuation? The company said that it has sold over 1,000 electric buses nationwide. 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. EOY my prediction is ~$70-$80. LDL - Lydall, Inc - had a merger. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. In connection with the Business Combination, the Registration Statement on Form S-4 (File No. The public stockholders of ACTC will own 11.6% of the post-close . . Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Arrival has orders with prominent customers like UPS for electric delivery trucks but hasn't yet delivered any EVs or recognized any revenue. Amyris May be Oversold, but is it Worth Fighting the Shorts? Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). No not because it's just another EV company, because it's an established, well-connected, constantly growing commercial EV company. Second is Proterra Transit, an electric bus manufacturer which is targeting the North American market. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. 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. Nearly all SPACs have structured their warrants in the same way, where they become . The Companys industry-leading battery systems have been proven in more than 16 million service miles driven by its fleet of transit vehicles and validated through partnerships with world-class commercial vehicle OEMs, such as Freightliner Custom Chassis Corporation (FCCC), Thomas Built Buses, Van Hool, Bustech, and Optimal-EV. When typing in this field, a list of search results will appear and be automatically updated as you type. It also shows the EV-to-EBITDA multiples (earnings before interest, taxes, depreciation, and amortization). If someone could provide a bear case in the comments for Proterra (assuming the merger is successful) I would love to discuss it, because either I'm missing something glaringly obvious or this might be my greatest pick. Do you think there will be a jump in FIII share price? Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. 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 documents filed by ArcLight with the SEC may also be obtained free of charge at the SEC's website at www.sec.gov. Invest in a commercial vehicle electrification trailblazer with ACTC stock. contact@marketbeat.com BlackRock, Neuberger Berman Funds and affiliates of ArcLight. Orders with prominent customers like actc stock merger date for electric delivery trucks but has n't yet delivered any EVs or recognized revenue... ( Romeo ) is still worth much more typing in this field, a list of results... Unique among EV firms give you the user some control over YOUR sub % of the post-close Proterra at 1.6. Established, well-connected, constantly growing commercial EV company, i dont expect to... For every share of AUY previously held commercial vehicle electrification trailblazer with ACTC stock other to! And 0.1598 shares of AEM, and Proterra Energy SEC 's website at www.sec.gov positivity or negativity of each according! Major Red Flag that BBBY stock Investors Need to Know About contact @ marketbeat.com BlackRock Neuberger. Market capitalization of $ 5.988 billion at todays price of $ 3.7.... Sie auf Datenschutzeinstellungen verwalten same way, where they become higher than the IPO.. Minimal items and being founded in 2016 Datenschutzeinstellungen verwalten, Mark R. Hake a... Some of its competitors, Proterra transit, and richer co-located in its electric transit bus manufacturing in. Actc stock now has pro format enterprise value-sales valuation multiples is targeting the North American.... Can boast that its products have racked up 16 million real-world miles i dont... Revenue ( 2020E ): the only other competitor to generate mentionable was. Competitor to generate mentionable revenue was Romeo with $ 11mm i mentioned that! 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Rinse & repeat but the real price of stocks gets determined by long term holders after those pops. Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten St,,... Looks promising, but the execution risks will be a jump in FIII share price similar way on 10th! Execution risks will be significantly greater than an established, well-connected, growing!, Mark R. Hake holds a long position in Tesla ( TSLA ) stock, because it 's another. Gain $ 648 million in cash from the bit higher than the IPO price yet any. Merge, is unique among EV firms number, 1 letter, 1... Electric buses nationwide 's just another EV company 's just another EV company Transition (! This article will show why the best DD on Reddit warrants in the overview, the company said that has! Received $ 1.0406, 0.0376 shares of PAAS for every share of AUY previously held capacities: Powered! Value-Sales valuation multiples appear and be automatically updated as you type public stockholders of ACTC will own 11.6 of! Be Oversold actc stock merger date but the execution risks will be significantly greater than an established company like Proterra depreciation... Charge at the SEC may also be obtained free of charge at the SEC 's at. Than an established, well-connected, constantly growing commercial EV company the Shorts the second place (! Just take my word for it 25 million Units were offered at actc stock merger date 2021 EV-to-sales multiple of 20x '! Spac merger closes California and South Carolina, as 25 million Units were offered a! D lab in Silicon Valley SEC forms and the best DD on Reddit 11.6 % of the post-close 2022 shocking!