ArcLight SPAC’s merger with EV bus maker Proterra is still undervalued. Currently, 16.2% of the company's shares are short sold. The team includes 2 former Tesla employees one of … Arclight Clean rose 2% in New York on Monday. ArcLight Clean Transition Corp is primarely in the business of motor vehicles & passenger car bodies. upsized. The transaction has been unanimously approved by the Boards of Directors of both Proterra and ArcLight … Listed below are their tickers, short interests as percentages of floats, fees, and short interest amounts (rounded to the millions), according to the analytics firm. Starting out, here's everything that investors need to know about ArcLight. ArcLight Clean Transition Corp. is listed on the stock exchange with the ticker / Symbol ACTC. Proterra announced the intention to become publicly listed through a merger transaction with ArcLight Clean Transition Corp., a publicly-traded special purpose acquisition company (SPAC… The article Renewable energy SPAC ArcLight Clean Transition II files for a $250 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com. Brian Eckhouse. News Ticker [ April 7, 2021 ] BYD secures statewide contract for electric buses with Washington state Buses [ April 6, 2021 ] Report: Look inside GM’s factory for electric vehicles Cars [ April 5, 2021 ] GM unveils all-electric ... Proterra to go public through merger with ArcLight SPAC. Ticker SPAC Size (millions) Upsized/Downsized? © 2021 Verizon Media. 1. All rights reserved. SPAC LISTING is a reliable source on the capital SPAC market. The deal is expected to close in the first half of 2021 subject to approval by ArcLight Clean’s shareholders. For financial reporting, their fiscal year ends on December 31st. ArcLight Clean Transition Corp. intends to pursue … © 2020 - 2021 SpacListing All Rights Reserved Terms | Privacy | Contact. View real-time stock prices and stock quotes for a full financial overview. The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. SPAC NextGen Acquisition Corp. jumped as much as 40% on Monday before paring gains after a Reuters report suggested the company is in talks to take the EV truck-maker Xos Trucks public. 2 months ago - InvestorPlace ACTCU | Complete ArcLight Clean Transition Corp. stock news by MarketWatch. ArcLight Clean Transition had issued 25,000,000 shares in its IPO on September 23rd. Virgin Group II. This will be going public through ArcLight Clean Transition Corp ticker symbol NASDAQ: ACTC when merged sometime 2021 the new ticker will be NASDAQ: PTRA. The transaction represents an enterprise value of $1.6 billion for Proterra. The U.S. film exhibition industry absorbed a major loss as the privately-held Decurion Corporation announced the closure of its Arclight Cinemas and Pacific Theatres chains. ArcLight Clean Transition II, the second blank check company formed by ArcLight Capital Partners targeting renewables, filed on Thursday with the SEC to raise up to $250 million in an initial public offering. It initially has 1000 charges and gains an additional 1000 charges for every 3 shards added, and can hold a maximum of 10,000 charges. The global data platform for intelligence on SPACs listed on NYSE & NASDAQ. Wall Street legend Whitney Tilson says there's a huge new tech trend coming – and he's giving away his top pick for free right here. For now, some investors have capitalized on the recent slump in SPACs by betting against them. Each consists of one Class A ordinary share and one-fifth of one redeemable warrant. Proterra to go public through deal with ArcLight SPAC. The deal values Proterra with an enterprise value of $1.6 billion. We intend to pursue opportunities created by the accelerating transition toward sustainable use of energy and natural resources. Posted January 13, 2021 by Charles Morris & filed under Newswire, The Vehicles.. Proterra is best known as an electric transit bus OEM, but it has branched out into providing electric powertrain solutions to other vehicle manufacturers and turnkey charging and energy management solutions to fleets. ArcLight Capital Partners has established a special purpose acquisition company (SPAC) to target opportunities created by the accelerating transition toward a sustainable use of energy and natural resources. The California-addressed blank check company said that it will put up a total of 18 million units at its initial public offering (IPO) at a price of US$ 10 per piece. ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya. Unlike most SPAC stocks in the world of EV stocks Ie NKLA, HYLN this is one of the few with a solid business model, Experienced team, proven technology & ready to scale with back log orders. Whole warrants are exercisable at $11.50. That seems to be a … Currency in USD, Trade prices are not sourced from all markets, Man Who Bought Netflix at $7.78 Says Buy This Now. It intends to engage in the business of advanced electric vehicle technology solutions. Upon closing, Proterra’s common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Churchill Capital Corp. IV Discover new investment ideas by accessing unbiased, in-depth investment research, NasdaqGS - NasdaqGS Real Time Price. The total size of the offering was $250,000,000 based on an initial share price of $10.00. ACTC – SPAC by ArcLight Clean Transition Corp. What SPAC Investors Need to Know for Tuesday – TheStreet, SPAC Wrap: Investors Should be Happy with a Merger-less Monday; Announced Deals Take a Hit – TheStreet, SPAC Opportunities for Monday – TheStreet, SPAC Weekly Wrap: Signs of Life in SPAC Land – TheStreet, Should You Buy CAHC SPAC Stock Before the LumiraDx Merger Date? EV-Tech Company Proterra to Go Public Through ArcLight SPAC. ACTC is currently in stage: 3. Posted January 13, 2021 by Charles Morris & filed under Newswire, The Vehicles.. Proterra is best known as an electric transit bus OEM, but it has branched out into providing electric powertrain solutions to other vehicle manufacturers and turnkey charging and energy management solutions to fleets. ACTC has an overall market cap of: $563.671.712. … 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 according to this post and the SEC website. A SPAC is a shell company which raises funds in an IPO with the aim of acquiring a private company, which then becomes public as result of the merger. Arclight Clean rose 2% in New York on Monday. Terms of Use | Privacy Notice © ArcLight Capital Partners, LLC. ArcLight (NASDAQ:) stock is soaring higher on Tuesday following news that the special purpose acquisition company (SPAC) plans to take Proterra public via a merger.. Cayman Islands-incorporated ArcLight Clean Transition intends to raise a minimum USD 300.00 million by selling 30.00 million units at USD 10. ArcLight Clean Transition Corp. TRADING QUOTES MANAGEMENT & BOARD Executive Officers Jake F. Erhard, 46President, Chief Executive Officer and Director Mr. Erhard joined ArcLight around the time of its founding in 2001 and is currently a Partner. View real-time stock prices and stock quotes for a full financial overview. Free forex prices, toplists, indices and lots more. as CMII and AJAX Jump; Announced Deals Get Hammered – TheStreet. Upon closing, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. ArcLight is a public company founded in 2020 with a focus on finding a merger candidate to take public. SPACs have emerged as … A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". Once the… Ticker: ACTD documents---0.0026850700378418 ArcLight Clean Transition Corp. II is regulated by the U.S. Security and Exchange Commission and incorporated in the state of Cayman Islands. The boards of both companies have approved the transaction. The SPAC offered 2.5 million more nits than expected. All About the Entry Point – TheStreet, Why ArcLight Clean Transition Fell 14% in March – Motley Fool, Today's Mortgage Rates — April 6, 2021: Fixed Loans Climb, ARM Drops – Nasdaq, What's VGAC's Stock Forecast and Is It Undervalued? If you want to trade in stock, please make sure you have the right skills and understand the risk of trading. Based on an average daily volume of 2,910,000 shares, the short-interest ratio is presently 1.5 days. Units begin trading on the Nasdaq today under ACTDU. ArcLight Clean Transition (ACTC) stock price, charts, trades & the US's most popular discussion forums. Proterra was advised by BofA Securities and Morgan Stanley while the SPAC was advised by Barclays Plc and Citigroup Inc. ArcLight Clean Transition Corp. II is regulated by the U.S. Security and Exchange Commission and incorporated in the state of Cayman Islands. ACTDU | Complete ArcLight Clean Transition Corp. II stock news by MarketWatch. – Market Realist, Arrival: A Radical Plan To Manufacture Electric Vehicles With Microfactories – Seeking Alpha, SPAC Wrap: Issuance Has Screeched to a Halt While the Market Clears Out – TheStreet, List of SPACs Under $10, How to Buy Them, and Whether You Should – Market Realist, SPAC Wrap: Deal Pop is Back(?) Proterra is merging with a SPAC called ArcLight Clean Transition, which currently trades under the ticker symbol "ACTC" on the Nasdaq Exchange. ArcLight Clean Transition Corp. is regulated by the U.S. Security and Exchange Commission and incorporated in the state of Cayman Islands. Proterra was previously rumored to merge with another SPAC, Qell Acquisition Corp. As the merger with ArcLight was disclosed, shares of Qell Acquisition fell 8% to $11.37. – Market Realist, 3 Undervalued SPAC Picks From The Spac Guru – Benzinga, Do Chamath's SPACs Make Money? Arclight Clean Transition Corp. is a SPAC or blank-check company led by Jake Erhard and Daniel Revers. As of February 26th, there was short interest totaling 4,480,000 shares, an increase of 32.2% from the February 11th total of 3,390,000 shares. ArcLight Clean Transition Corp. II is a blank check company newly incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Once the deal is concluded, shares of Proterra will be listed on the Nasdaq under the ticker “PRTA”. Leading Infrastructure Firm Focused on North American Energy Assets EV-Bus Manufacturer Proterra to Go Public Through ArcLight SPAC (Ticker ACTC) (Bloomberg) --. Proterra Inc ("Proterra"), a leading innovator in commercial vehicle electrification technology, today announced that it has been selected by the Washington State Department of Enterprise Services as a vendor to supply zero-emission battery-electric transit buses and charging infrastructure under the state's regional Cooperative Purchasing Contract. The transaction represents an enterprise value of $1.6 billion for Proterra. ArcLight Clean Transition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. - Renaissance Capital Our … EV-Tech Company Proterra to Go Public Through ArcLight SPAC By . ACTC stock is worth at least a third more based on its superior growth, despite its rise. Ticker: ACTDU. ArcLight SPAC's merger with EV bus maker Proterra is still undervalued. Leading Infrastructure Firm Focused on North American Energy Assets Target Announced. ArcLight Clean Transition had issued 25,000,000 shares in its IPO on September 23rd. Proterra will trade on the Nasdaq under the ticker symbol PTRA. Arclight Transition II. Electric-bus maker Proterra Inc. agreed to go public through a merger with special purpose acquisition company ArcLight Clean Transition Corp. ArcLight Clean Transition saw a increase in short interest in the month of February. Aways do your own research and due diligence before buying any stocks mentioned on spaclisting. ArcLight Clean Transition Corp. II announced the pricing of its upsized $275 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ACTDU”, Tuesday, March 23.. ACTCU | Complete ArcLight Clean Transition Corp. stock news by MarketWatch. ArcLight Clean Transition II, the second blank check company formed by ArcLight Capital Partners targeting renewables, raised $275 million by offering 27.5 million units at $10. $275. Jan 12 2021, 6:20 PM Jan 12 2021, 10:09 PM January 12 2021, 6:20 PM January 12 2021, 10:09 PM Dusaniwsky at S3 Partners compiled the 20 most heavily-shorted ones for Insider. VGII. ArcLight Clean Transition Corp., a blank check company formed by ArcLight Capital Partners targeting a renewable energy business, raised $250 million by offering 25 … ArcLight Clean Transition Corp., a special purpose acquisition company (SPAC) formed for the purpose of entering into a combination with one or more businesses, has launched an initial public offering of 25 million units at a price of $10.00 per unit. It will also see ACTC stock changing to the PTRA stock ticker. As of February 26th, there was short interest totaling 4,480,000 shares, an increase of 32.2% from the February 11th total of 3,390,000 shares. ArcLight Clean Transition II priced its upsized IPO of 27.5 million units at $10 each. It represents the latest merger in a wave of deals between EV manufacturers and SPACs as they seek to raise capital quickly, Bloomberg reported. For financial reporting, their fiscal year ends on … Find the latest ArcLight Clean Transition Corp. (ACTCU) stock quote, history, news and other vital information to help you with your stock trading and investing. Mar 22, 2021. Lucid Motors is also in talks to go public. Faraday Future and SPAC specialist Property Solutions ... the combined company will be listed on the Nasdaq Stock Market under the ticker symbol ... ArcLight Clean Transition Corp. Units. EV manufacturer Proterra to go public through merger with ArcLight Clean Transition. ArcLight Clean Transition saw a increase in short interest in the month of February. The business combination is expected to be completed in the first half of 2021. Stock will trade under the ticker symbol “EVGO” Proterra To Merge With ArcLight Clean Transition Corp., (ACTC) SPAC – Burlingame, CA electric bus maker is going public through a SPAC merger with ArcLight Clean Transition Corp., and the transaction is expected to raise $825 million in cash and with an enterprise value of $1.6 billion. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). ACTC stock is worth 36% based on its growth, despite its rise. The transaction has been unanimously approved by the Boards of Directors of both Proterra and ArcLight Clean Transition Corp. A battery cell shortage and rising interest rates hurt this up-and-coming commercial electric vehicle play. This SPAC is acquiring an electric vehicle company. Arclight can be made by using Darklight on the altar in the centre of the Catacombs of Kourend while 3 ancient shards are in the inventory. The SPAC Deal: Electric bus leader Proterra is being taken public by ArcLight Clean Transition Corp (NASDAQ: ACTC). Upon closing, Proterra’s common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Terms of Use | Privacy Notice © ArcLight Capital Partners, LLC. ... Proterra will trade on the NASDAQ under the ticker symbol “PTRA.” The transaction puts Proterra at a valuation of $1.6 billion. Proterra is going public via a SPAC merger ticker ACTC. The units will be listed on the Nasdaq Capital Market and trade under the ticker symbol ACTCU beginning Sept. 23. SPAC pricings that begin trading today. About ACTC. Discover the worlds most promising Special Purpose Acquisition Companies (SPAC). The SPAC’s mentioned on spaclisting.com are not intended to be buy recommendations. Matt Frankel: This is, the SPAC's name is ArcLight Clean Transportation, ticker symbol is ACTC on the Nasdaq right now. The deal is expected to deliver about $648 million in cash at closing, including about $278 million of cash held by ArcLight Clean from its IPO. ArcLight Clean Transition's lock-up period expired on Monday, March 22nd. ArcLight Clean Transition's lock-up period expired on Monday, March 22nd. The units will be listed on the Nasdaq Capital Market and trade under the ticker symbol ACTCU beginning Sept. 23. ACTD. ArcLight-Backed SPAC Connects With E-Bus Maker Proterra The private-equity firm’s blank-check company has agreed to combine with the electric vehicle maker at a $1.6 billion valuation The transaction represents an enterprise value of $1.6 billion for Proterra. ArcLight launches clean energy SPAC September 7, 2020 Craig Gambol Zephyr ArcLight Capital Partners has established a special purpose acquisition company (SPAC) to target opportunities created by the accelerating transition toward a sustainable use of energy and natural resources. The total size of the offering was $250,000,000 based on an initial share price of $10.00. ArcLight Clean Transition Corp. II Announces Pricing of Upsized $275 Million Initial Public Offering. Each of these units comprise of a common stock and half of a redeemable warrant. Shares of ArcLight Clean Transition (NASDAQ:ACTC) popped as much as 12% this morning after Proterra, which is merging with the special purpose acquisition company (SPAC), scored … Brian Eckhouse; Bookmark. ArcLight Clean Transition Corp., a special purpose acquisition company (SPAC) formed for the purpose of entering into a combination with one or more businesses, has launched an initial public offering of 25 million units at a price of $10.00 per unit. The new company aims to combine with a target business accelerating the transition toward sustainable use of energy and natural resources. EV-Tech Company Proterra to Go Public Through ArcLight SPAC. After the deal with this blank check company, the ticker is … EV manufacturer Proterra to go public through merger with ArcLight Clean Transition. Stocks of SPAC ArcLight Clean Transition Corp (NASDAQ: ACTC, ACTC:US) ... January 13, under the ticker of ‘DLCAU’. Please manage your portfolio and position sizing in accordance with your own risk tolerance and investment objectives. View real-time stock prices and stock quotes for a full financial overview. The deal is expected to deliver about $648 million in cash at closing, including about $278 million of cash held by ArcLight Clean from its IPO. The latest volume was: 890.137. Jan 12, 2021. – Market Realist, Thunder Bridge Acquisition II Forecast: Is THBR Stock Undervalued? ArcLight Clean Transition Corp. II is primarely in the business of blank checks. ArcLight Clean Transition Corp. is listed on the stock exchange with the ticker / Symbol ACTC, ACTC SPAC all time high was $31,06 and the lowest price in the last 52 week was: , the current ACTC stock price is $16,25. Proterra To Go Public After ArcLight SPAC Merger Updated: 12 Jan 2021 Electric bus and battery manufacturer, Proterra will go public via a merger with Arclight Clean Transition Corp (NASDAQ: ACTC), the publicly traded special purpose acquisition company it was revealed on Tuesday.
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